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Treasury Secretary asks Congress to increase Debt Ceiling by Feb 28

This morning U.S. Treasury secretary Steven Mnuchin asked Republican congressional leaders to lift the federal government’s debt ceiling by February 28th, according to a Bloomberg report. According to the Treasury Department and the Congressional Budget Office, the Treasury will “exhaust all of its borrowing options and run dry of cash to pay its bills by Late Marth or early April” if Congress does not increase its borrowing authority by then. In September Senate Democrats and the President discussed repealing the debt ceiling and pursue a deal that would permanently remove the requirement that Congress repeatedly raise the debt ceiling, however, this …

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The Tax Cuts and Jobs Act: What Taxmageddon means for you

On Wednesday, in wake of Congress’s vote on the Tax Cuts and Jobs Act, President Trump and the cabinet spoke to outline their upcoming Tax Plan for 2018, the Tax Cuts and Jobs act. To catch our live stream, check out this link to see NaPo’s Sany Dash’s live stream from the White House. We were live at the White House for the announcement and also analyzed how the plan would affect taxpayers from its latest incarnation. The new tax plan is the first major reform to the Tax Code in over 40 years. While the Tax Cuts and Jobs …

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FCC Votes to repeal Neutrality Rules, Public in Outrage

Today the Federal Communications Commission officially repealed net neutrality rules which were first introduced by the Obama Administration in 2015. This policy change would change the way the internet is regulated, and how federal agencies monitor practices of major broadband firms.  Net Neutrality in a Nutshell Net Neutrality provides regulations that prohibit internet service providers (ISPs) from blocking, throttling, or creating paywalls for customers to access certain content or use content providers. Countries like Portugal and New Zealand have repealed net neutrality, and in their cases, ISP’s are able to charge premiums for users who for example use video streaming, …

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President Trump announces Jerome Powell as Federal Reserve Chair

Today in an address in front of the White House, President Donald Trump nominated Federal Reserve governor Jerome Powell as the next chairman of the central bank. Mr. Powell will be replacing Janet Yellen as the head of the central bank, but is expected to stay the course on monetary policy. President Trump had nice words about the departing Fed Chair Janet Yellen, stating that “we are grateful for her total commitment to public service” and that she had done “a tremendous job” as Fed Chair. Remarking on Powell’s prowess, the President stated that “with Jay as a wise steward …

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US must secure funding for Public Health Crisis of Opiate Abuse

Last Thursday President Trump stunned some when he declared the opioid epidemic “the worst drug crisis” in U.S history and declared a public health emergency. In a White House Ceremony, the president stated that “It is time to liberate our communities from this scourge of drug addiction. … We can be the generation that ends the opioid epidemic. We can do it,”  According to the National Institute on Drug Abuse in a 2014 study, more than 2.1 million people in the United states suffered from substance abuse disorders related to prescription opioid pain relievers in 2012, and cases have been …

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Trump decertifies Iran deal, leaves room for Europe to negotiate

Last week President Donald Trump announced that he plans to decertify the 2015 Iran Nuclear deal. Under the previous agreement, Iran would not be able to refine uranium for weapons-grade purposes and was also subject to additional terms. Iran agreed to turn its power plant at Fordo into a center for atomic research. Another uranium plant, Natanz, will scale back production to 50% of the 5,000 centrifuges. Iran has also agreed to limit enrichment to 3.7 percent and to cap its stockpile of low-enriched uranium at 300 kilograms, or 660 pounds, for 15 years.  While the deal also required surveillance of Iranian facilities, …

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Taliban attack kills 43 Afghan soldiers

Earlier this week Afghan police foiled a potential suicide bomb attack south of Kabul in a bazaar in Char Asiab district which could have killed scores of people in the district. However today the Taliban showed that they are still a threat to Afghanistan when a small military base was wiped out by a suicide truck in the Kandahar province, and 43 of 60 soldiers stationed were killed in the attack. On Tuesday in the Ghazni and Paktia regions suicide bombers killed 74 people, including 40 police officers, among them a provincial police chief.  The latest string of attacks were …

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Why are this year’s West Coast wildfires so destructive?

This week large swathes of California were enveloped in flames as wildfires claimed homes and lives in California. 33 have been confirmed dead so far from the blazes, most were elderly and one was just 14 years old. Hundreds are missing as a result of the event, and thousands of homes and businesses have been damaged. According to state authorities, this year’s wildfire season has been one of the worst in history, and as of this morning, 17 fires have been considered the deadliest in Sonoma, Napa, and Mendocino counties, which are still uncontained. A total of 220,000 acres in …

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Trump tweets to cancel Puerto Rico’s Debt

Two weeks after Hurricane Maria ravaged Puerto Rico and destroyed her infrastructure system completely, President Trump paid a condolence visit to the island. With major infrastructure completely wiped out or partially damaged but unusable, the country’s economy continued to take a roller coaster down south. While on the island, Trump hinted at wiping out the country’s enormous debt, stating: “”We have to look at their whole debt structure. You know, they owe a lot of money to your friends on Wall Street. And we’re going to have to wipe that out,” he said. Mr. Trump added, “you’re going to say …

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US Special forces ambushed in Niger, 3 Green Berets killed

It was a gloomy day for the US Army Special Forces troops in Niger last Wednesday when Nigerien militants ambushed US soldiers on patrol in the country. The slain soldiers, with their trainee Nigerien troops, were on a routine patrol when they were ambushed. Three US soldiers were killed while two sustained various degrees of injury, and all were a part of the elite Green Berets division of U.S special forces command. After the news of the deadly ambush that took place close to the Niger/Mali border was reported by Radio France International (RFI), the attack was later confirmed by …