Home / Daily Dose / The Week Ahead: Eyes on the Treasury Sign up for DS News Daily Tagged with: Department of the Treasury in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Eyes on the Treasury May 7, 2017 1,117 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Fannie Mae Income Drops in Q1 Next: Hensarling’s Communication Control Faces Criticism Seth Welborn is a contributing writer for DS News. He is a Harding University graduate with a degree in English and a minor in writing, and has studied abroad in Athens, Greece. An East Texas native, he also works part-time as a photographer. Subscribe Related Articles Department of the Treasury 2017-05-07 Seth Welborn The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago About Author: Seth Welborn Data Provider Black Knight to Acquire Top of Mind 2 days ago Print This Post Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Following a week of argument within Congress regarding everything from healthcare to the Financial CHOICE Act, on Wednesday at 2 p.m. EST, the Department of the Treasury will release its monthly Federal Budget Statement. The Bureau of Fiscal Service releases a report of the monthly receipts/outlays and deficits/surplus of the United States.This budget announcement comes right on the heels of the first round of votes to move the Financial CHOICE Act forward, a bill which would act as an alternative to the Dodd-Frank Act. Mnuchin had voiced his support of Financial CHOICE in a statement following the vote.“As Secretary, I am committed to policies that will ensure sustained economic growth that is driven by Main Street and not held back by Washington,” said Mnuchin. “The existing regulatory system is limiting, not stimulating our economy. At the Treasury, we are focused on delivering regulatory relief that encourages banks to provide the capital and liquidity needed to create jobs and opportunities for growth, and that provides protection against taxpayer-funded bailouts.”Financial CHOICE aims to end taxpayer-funded bailouts of big banks, impose tougher penalties for financial fraud and insider trading, and demand greater accountability from regulators.The CHOICE act announcement came alongside the tax reform plan announcement, which called for a reduction of corporate taxes down to 15 percent, cutting the top tax bracket down to 35 percent, and doubling the standard deduction. Mnuchin called the reform the “The biggest tax cut and largest tax reform in history of this country.”According to Mnuchin, the tax reform and Financial CHOICE Act are steps to strengthen the financial system.“I applaud the steady commitment and leadership that Chairman Hensarling and his colleagues have provided on these issues, and welcome the reintroduction of the CHOICE Act,” said Mnuchin “While I continue my work to implement the President’s executive order setting the core principles for financial regulation, I look forward to working with Congress to both support and strengthen our financial system and safeguard taxpayers.”This Week’s ScheduleMBA Mortgage Applications, Wednesday, 7 a.m. ESTLegal League 100 Spring Summit, Wednesday, 7:30 a.m. CSTFive Star Diversity Symposium, Thursday, 9 a.m. CSTFreddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. ESTSenate Banking Committee Hearing: Status of the Housing Finance System, Thursday, 10 a.m. ESTUniversity of Michigan Consumer Sentiment Survey Friday 10 a.m. EST The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago
View Comments Here’s a quick roundup of stories you may have missed today. Idina Menzel’s New AlbumBroadway supernova Idina Menzel has some big news! According to Billboard, the Tony winner recently revealed: “I’ve been working on a new album.” The record is still in the early stages, with Menzel going on to admit that “there’s not much to say other than that I feel creative and I’m sort of putting my heart out there and exploring different sounds and things like that. I’m not limiting myself.” It’s time to see what she can do, test the limits and break through…! OK, yes we admit that we know all the words to Menzel’s Frozen anthem “Let It Go”—doesn’t everyone?!Annaleigh Ashford & More Set for Drama DeskAnnaleigh Ashford, Andrew Rannells, Christian Borle, John Cariani, Sydney Lucas, Jessie Mueller and more will present or perform at the 2015 Drama Desk Awards. The previously reported event will take place on May 31 at The Town Hall, hosted by Tony winner Laura Benanti for the second consecutive year. Off-Broadway hit Hamilton, which will begin performances on Broadway in July, garnered the most nominations, with 13.Liza Minnelli Books Stage ReturnThe legendary Liza Minnelli is heading back to the London Palladium for the fifth time! The Tony and Oscar winner will appear in An Intimate Evening with Liza Minnelli at the venue on September 20. Minnelli will be interviewed for 90 minutes live on stage talking about her extraordinary career, from growing up in Hollywood to the present day, ending with a performance of a few intimate songs. She first appeared on the Palladium’s stage with her mom, Judy Garland, in 1964. The show will also play in Sheffield and Glasgow on September 22 and September 24, respectively.Off-Broadway SwitcheroosAn off-Broadway update. Due to his previously reported injuries, Sahr Ngaujah will now not return to Signature Theatre’s production of Athol Fugard’s The Painted Rocks at Revolver Creek. Kevin Mambo will perform the role through May 31; from June 2 through the end of the run on June 14, the role of Jonathan will be played by Yaegel T. Welch. Meanwhile, over at of A.R. Gurney’s What I Did Last Summer Izzie Steele will join the company in the role of Elsie, also beginning June 2; she steps in for Kate McGonigle.Lloyd Webber’s Special School of Rock ConsultantAndrew Lloyd Webber famously loves his cats. Indeed his musical Cats ran at Broadway’s Winter Garden Theatre for 18 years. Now his latest show, School of Rock, will start performances there in November and he recently proudly emailed out a picture of his cat Mika deciding what the front of house at the venue will look like. Incidentally, a Cats revival is Broadway-bound in 2016. And on that meta note, have a lovely weekend! Star Files Idina Menzel
The BPIP bill arose amid controversies surrounding the deliberation of the HIP bill, which has received backlash from members of the public who questioned the timing of its deliberations as well as some of contentious articles in it.Read also: :Communist phobia sinks Pancasila bill at HouseOn Thursday, several Islamic groups, including the 212 Rally Alumni – a group formed from people who participated in the 2016 rally against then-Jakarta governor Basuki “Ahok” Tjahaja Purnama who faced prosecution for blasphemy – even hit the street outside the House compound to express their opposition to the HIP bill.Supported by the ruling Indonesian Democratic Party of Struggle (PDI-P), the HIP bill was initially intended to regulate the values of the Pancasila ideology and the functions of the BPIP, the steering committee head of which is the party’s chairwoman and former president Megawati Soekarnoputri.Activists, scholars and various groups have voiced opposition to the bill, with some prominent Islamic organizations in particular questioning the draft bill’s failure to include the 1966 TAP MPRS, which they feared could open the door for the reemergence of communist ideology in the country.The Indonesian Ulema Council (MUI) went as far as to deem the contents of the draft bill “secular and atheistic”, arguing that it degraded ideology of Pancasila itself.The government subsequently decided to halt deliberations of the HIP bill.Puan, who welcomed the ministers with the House deputy speakers on Thursday, said she expected the agreement between the House and the government on the BPIP bill to end all debate among the public about the HIP bill.”I hope that after this, all the controversies surrounding the HIP bill over the past few weeks will be over and we can work together in harmony to address the COVID-19 pandemic and its impacts,” the PDI-P politician added.Topics : The government submitted its newly proposed bill on the Agency for Pancasila Ideology Education (BPIP) to the House of Representatives on Thursday as both parties sought to end the controversies surrounding the much-criticized Pancasila Ideology Guidelines (HIP) bill.Coordinating Political, Legal and Security Affairs Minister Mahfud MD visited the house complex in Central Jakarta on Thursday and met with House of Representatives speaker Puan Maharani, during which they agreed to delay the deliberation of the HIP bill and move forward with the BPIP bill instead. Mahfud asserted that the BPIP bill was different from the controversial HIP bill, saying that the latter included the Temporary People’s Consultative Assembly Decree (TAP MPRS) No. 25/1966 on the banning of communism in Indonesia as one of its underlying foundations.”We also emphasize the Pancasila ideology that we officially use here in Chapter 1, Article 1 and Point 1 of the bill,” Mahfud said, before mentioning the five principles of Pancasila.Mahfud visited the House together with some of the top brass of the government, namely State Secretary Pratikno, Defense Minister Prabowo Subianto, Home Minister Tito Karnavian, Law and Human Rights Minister Yasonna Laoly and Administrative and Bureaucratic Reform Minister Tjahjo Kumolo. “We agree to be as transparent as possible so people can discuss and criticize the [BPIP] bill,” Mahfud said.
Roger Federer staged an amazing comeback on Centre Court to beat Marin Cilic in four sets, 6-7 4-6 6-3 7-6 6-3.He fought back from two sets down and saved three match points to secure himself a place in the Wimbledon semi-finals – the eleventh time he has reached that stage in the competition.It was Federer’s 307th win in a grand slam – breaking Martina Navratilova’s long-standing record.Cilic stood one point away from victory three times in a pulsating fourth set that had everyone on the edge of their seats.Three huge serves kept Federer alive – just – and he then produced the kind of form, and outrageous shots, that has made him the most successful man in tennis by stealing the tiebreak 11-9.An ace on his first match point finished off the job and carried him into a 40th major semi-final, where he will face Milos Raonic for a place in Sunday’s final. “I knew I was in so much trouble in the third and again in the fourth,” Federer said after walking off Centre Court to a standing ovation.”It wasn’t going well for me. So for me it was about staying in the match and somehow hope for his level to drop … and maybe get a bit lucky. That’s exactly what happened at 3-3, 0-40 (in the third set),” added Federer about the game where he saved three break points.”Obviously the breaker was crazy. It was an incredible match. Marin is one of the nicest guys on the tour so I feel sorry for him but for me the dream continues.”Having missed last month’s French Open with a back injury, the five set thriller also delivered a knockout punch to those thinking the Swiss third seed did not have the stamina to last the distance.”It’s really encouraging for me to see that I am improving. As the match goes on, I was able to sustain a really high level of play,” added the 34-year-old, who came back from two-sets down for the 10th time in his career. “My legs were there, my back was there, serving was key. Plus mentally this is going to give me a hell of a boost. I am ecstatic that I was able to come through somehow.”–Follow Joy Sports on Twitter: @JoySportsGH. Our hashtag is #JoySports