The Week Ahead: Eyes on the Treasury

first_imgHome / 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 agocenter_img 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 agolast_img read more

Bolivian Security Forces Seize Helicopter with Drugs Near Peruvian Border

first_imgBy Erick Foronda/Diálogo September 06, 2019 Authorities made the seizure in Ixiamas community, La Paz department, near the border with Peru. Authorities first identified a clandestine airstrip and a coca paste purification and recycling lab, which led them to find the aircraft and the drugs.The Brazilian-registered helicopter was carrying eight bags of marijuana and four bags of coca paste. According to the authorities, the operation’s haul, including the helicopter, was valued at $750,000.It’s the first time that counter-drug units led by the Bolivian National Police’s Special Drug Trafficking Combat Force have seized a helicopter used to transport drugs. Between 2017 and 2018, the government said it had captured 38 clandestine small planes used in the narcotrafficking air bridge.“This is a new modus operandi, involving the use of a different aerial technology for drug smuggling, by helicopter in this case,” Bolivian Minister of Government Carlos Romero told the press. The Robinson R44 helicopter can fly above 13,000 feet and cover distances of more than 310 miles.Bolivia and Peru share a 1,047-kilometer long border, and according to the U.S. Department of State 2019 International Narcotics Control Strategy Report, Bolivia is one of the main transit regions for Peruvian cocaine and the third largest cocaine producer in the world.“Undoubtedly, there are at least two air bridges that have been established between Brazil, Peru, and Bolivia: one in the northern Amazon, and another one in the southern Amazon,” Romero told the press. “From the samples collected in the lab, we can conclude that the drug was taken from the VRAEM [Apurímac, Ene, and Mantaro Rivers Valley] in Peru, in the form of cocaine sulphate, and that the lab installed [in northern Bolivia] was for drug processing,” he added.Franklin Alcaraz, a Bolivian specialist in narcotrafficking issues, said that multinational criminal partnerships operate especially in regions where governments do not have the institutional capacity to establish a presence, much less to enforce the law. Northern Bolivia and southern Peru are vast areas with almost no state control, Alcaraz said.“If we add to this the fact that Bolivia has expelled the U.S. Drug Enforcement Administration from the country, the capacity to share information between governments is extremely limited, which favors criminals,” said Alcaraz, former director of Bolivia’s Latin American Center for Scientific Investigation, which studies drug consumption in the country.In mid-2018, as part of a test phase, Bolivia started using 13 French-made radars that will enable airspace coverage. “Still, there is no solution for illegal flights that attempt to avoid air radars, but it will definitely be of great help,” Romero said. In the same period, the government announced the implementation of a control policy for Bolivian aircraft, so they can be monitored in real time along with each aircraft’s complete history.Alcaraz believes that coordination with Brazil and Peru is essential to counter narcotrafficking and transnational criminal groups. “But the Bolivian government led by [President] Evo Morales does not show any interest in building these international partnerships,” he concluded.last_img read more

Dominican Army Seizes Over 100,000 Packets of Cigarettes from Haiti

first_img– CMC The contraband cigarettes were transferred to warehouses, from there the cargo is to be delivered to customs authorities. The commander of the 10th battalion in the Dominican army, Colonel Roberto Sosa de la Cruz, said the operation was part of the measures ordered by the Minister of Defense here, in the fight against smuggling on the border with Haiti. According to a report from the military, the army discovered the cargo in an abandoned house in the province of Dajabon, located on the border shared with Haiti. SANTO DOMINGO, Dominican Republic – Members of the army in the Dominican Republic have seized a cargo load of 126,000 packages of contraband cigarettes that came from neighboring Haiti. The authorities say that the smugglers who were preparing the goods for distribution on the national market, fled through the bushes in an attempt to return to Haiti. Dominican soldiers direct traffic outside a hotel which will house heads of state ahead of the Group of Rio summit in Santo Domingo March 6, 2008. Leaders of Latin American nations arrived on Thursday to attend the two day meeting. REUTERS/Andrew Winning (Dominican Republic)last_img read more