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Hammond Urged To Give More Money As 500 More Schools ‘Face Cuts’

“Chancellor Philip Hammond has been urged to use the Budget to pump more money into education after a new analysis claimed an extra 500 schools face real terms cuts” writes Paul Waugh for huffingtonpost.com. The assessment, on the updated schoolcuts.org.uk website, includes 500 more schools than previously estimated and brings to 90% the proportion of schools hit by austerity measures.Headteachers and trade unions demanded a cash injection as the figures, released to HuffPost UK, suggested that 17,942 primary and secondary schools were now in line for cuts in funding per pupil. Source:…

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Nine out of 10 face funding squeeze

“Chancellor Philip Hammond has been urged to use the Budget to pump more money into education after a new analysis claimed an extra 500 schools face real terms cuts” writes Paul Waugh for huffingtonpost.co.uk. The assessment, on the updated schoolcuts.org.uk website, includes 500 more schools than previously estimated and brings to 90% the proportion of schools hit by austerity measures.Headteachers and trade unions demanded a cash injection as the figures, released to HuffPost UK, suggested that 17,942 primary and secondary schools were now in line for cuts in funding per pupil. Source:…

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Medicare and other spending cuts could be triggered by the congressional tax package

“WASHINGTON — If a tax cut raises the deficit, spending on government programs must be cut” writes Cleveland Com for cleveland.com. “This bill steals their money and uses it to pay for tax cuts for corporations.”. Top Republicans have made clear they want spending cuts on top of tax breaks, although they have not publicly spoken of this kind of quick, automatic-trigger sequence.The White House might also be able to use its authority to determine whether cuts are required, since the CBO says the White House budget office has that authority. Source: cleveland.com…

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DHS watchdog thanks lawmakers for restoring Trump cuts that ‘make little sense’

“The Department of Homeland Security’s watchdog says cuts to his office proposed by President Trump “make little sense” and “diminish” his office’s ability to conduct oversight” writes Kelly Cohen for washingtonexaminer.com. He later thanked appropriators for restoring funding to “our requested levels.” “These proposed cuts would make little sense given the contributions inspectors general make,” DHS Inspector General John Roth told the House Oversight Committee on Wednesday, citing a study from the Brookings Institution’s Center for Effective Public Management that found “cuts to OIG budgets actually cost the government money…

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Boeing in 175 plane deal with budget carrier flydubai

“Reuters had reported that Boeing was close to reaching a deal with flydubai for 175 737 MAX jets” reports foxbusiness.com. Flydubai Chairman Sheikh Ahmed bin Saeed al-Maktoum told a news conference that the provisional deal was struck Tuesday night.DUBAI, Nov 15 (Reuters) – Boeing Co. reached a preliminary deal for 175 of its 737 MAX jets with flydubai on Wednesday, potentially committing the discount airline’s fleet to the U.S. planemaker for another decade.Emirates and flydubai are both owned by the government of Dubai, which has pushed the two airlines to…

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US budget deficit up sharply to $63.2 billion in October

“The Treasury Department reported Monday that the October deficit was 37.9 percent higher than the $45.8 billion deficit recorded in October 2016” reports thebusinessjournal.com. (AP) — The federal government began its new budget year with an October deficit of $63.2 billion, up sharply from a year ago.The deficit for the 2017 budget year, which ended on Sept. 30, totaled $666 billion, up 13.7 percent from a 2016 deficit of $586 billion.The Congressional Budget Office estimated in June that the deficit for the current budget year, which runs from Oct. 1…

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I took a neuroscientist’s advice for saving money and it’s transformed my finances

“When it comes to money, Cerf said the smartest way to budget is to find the timeline that works for you” writes Chris Weller for businessinsider.com. Instead of juggling all these timelines, Cerf recommended creating a budget that standardizes them all to one timeline — say, a week or month. Source: businessinsider.com Share This:

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Metra raises fares, cuts service to close deficit in 2018 budget

“Metra announced Friday it would increase fares for all its tickets while cutting some midday and weekend service to close a funding deficit in its 2018 budget” writes Nader Issa for suntimes.com. The rail service’s board approved a $792.2 million operating budget for the new year, including the fare increases and trims in service, Metra said. The cuts mark the first time in Metra’s history that service has been reduced to close a deficit. Source: suntimes.com Share This:

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Murkowski bill calls for oil, gas sales in Arctic National Wildlife Refuge

“Republicans see the drilling measure as a crucial way to raise revenue for their broader budget bill” writes Juliet Eilperin for seattletimes.com. But Republicans see the drilling measure as a crucial way to raise revenue for their broader budget bill, and the idea enjoys support from the Trump administration.Given the costs of exploration in the Arctic, oil prices typically must be at least $70 a barrel to justify drilling. Source: seattletimes.com Share This:

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Senate GOP’s tax plan: Will corporate tax delay hurt investments?

“The U.S. Senate released a tax plan on Thursday that, among other things, would postpone cutting the corporate tax rate until 2019” reports foxbusiness.com. The decision to delay the onset of the corporate tax cut is a money-saving effort, potentially eliminating $100 billion in near-term costs.The dramatic business tax reduction is a centerpiece of the GOP’s tax plan, but it also happens to be one of the most expensive pieces.Aside from delaying the corporate tax cut, the Senate proposal would maintain seven tax brackets, though with different rates than the…

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