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Anonymous ID: 3c09d1 Aug. 1, 2019, 10:43 a.m. No.7295124   🗄️.is đź”—kun   >>5162 >>5587 >>5689

Spending deal clears Senate, set to get POTUS' signature

 

Legislation passes in 67-28 vote, with more Democrats backing it than Republicans.

A two-year agreement to raise federal spending and at the same time lift the government’s borrowing limit will go to the president’s desk after it passed the Senate with more Democrats voting for it than Republicans.

The bill, which provides for more than $2.7 trillion in discretionary spending over the next two years, was the result of weeks of negotiations between Treasury Secretary Steven Mnuchin and House Speaker Nancy Pelosi (D., Calif.).

It suspends the debt ceiling until the end of July 2021 and sets spending levels roughly $320 billion above limits set in a 2011 law.

While President Trump and Republican leadership have celebrated the increases in military spending the deal calls for, conservatives in the House and Senate have lambasted what they say are unsustainable increases in federal deficits.

Under the Trump administration, the annual federal deficit is set to reach $1 trillion a year.

“I am confident it is not exactly the legislation that either side of the aisle would have written if one party held the White House, the House, and had 60 votes in the Senate,” Senate Majority Leader Mitch McConnell (R., Ky.) said on the chamber’s floor Wednesday.

“That’s divided government. But I am equally confident that this is a deal that every one of my colleagues should support.”

https://www.marketwatch.com/story/spending-deal-clears-senate-set-to-get-trumps-signature-2019-08-01

Anonymous ID: 3c09d1 Aug. 1, 2019, 10:50 a.m. No.7295275   🗄️.is đź”—kun

PNC Financial Services Grp EVP sold $1.11m in shares-July 31

 

PNC Financial Services Group is one of the leading American financial service groups. Net sales break down by activity as follows:

  • retail banking (50.8%): sales of standard and specialized banking products and services (leasing, factoring, insurance, etc.);

  • business banking (37.3%);

  • asset management (3.1%);

  • other (8.8%).

At the end of 2017, the bank had EUR221.2 billion in current deposits and EUR184 billion in current loans.

https://www.marketscreener.com/PNC-FINANCIAL-SERVICES-GR-14066/company/

https://www.finviz.com/insidertrading.ashx?oc=1577601&tc=2&b=2

Anonymous ID: 3c09d1 Aug. 1, 2019, 11:03 a.m. No.7295516   🗄️.is đź”—kun   >>5567 >>5601 >>5767

POTUS announces new tariffs on Chinese goods starting Sept. 1

 

President Donald Trump said Thursday the U.S. will impose 10% tariffs on $300 billion of Chinese goods beginning Sept. 1. In a tweet, the president said trade talks with Beijing are continuing after U.S. officials returned from negotiations in China. The 10% levies will apply to $300 billion of Chinese goods coming into the U.S. It doesn't include $250 billion of goods already subject to tariffs, the president said. U.S. stocks DJIA, -0.55% turned mostly negative after Trump's announcement.

https://www.marketwatch.com/story/trump-announces-new-tariffs-on-chinese-goods-starting-sept-1-2019-08-01?mod=mw_theo_homepage