The National Retail Federation today released the following statement from NRF President and CEO Matthew Shay on the expected decision to reopen the government and delay the debate on the debt ceiling: “While there is some satisfaction at achieving a deal, today’s agreement between the House and Senate merely ensures more opportunities to continue the… Keep reading →
Congress
National Retail Federation on Shutdown Deal: ‘Legislating from Crisis to Crisis is No Way to Govern’
By businesswireIRI MarketPulse Survey Uncovers Impact of Government Shutdown and Debt Ceiling Crisis on Consumers
By businesswireAccording to Information Resources Inc. (IRI)’s Q3 2013 MarketPulse™ survey results released today, 85 percent of American consumers were aware of the looming debt ceiling crisis and of the government shutdown, which is clearly impacting their views of their personal finances, including their approach to grocery shopping. The survey was fielded to consumers between Sept…. Keep reading →
In light of the on-going government shutdown, Kroll Bond Rating Agency (“KBRA”) has reached out to issuers of residential mortgage-backed securities (“RMBS”) transactions to find out how they are handling the inability to execute IRS form 4506-T, Request for Transcript of Tax Return, and what, if any, impact it may have on both origination practices… Keep reading →
Sen. Ayotte To Air Force: Get Me A-10 Answers; Keeps SecAF Nominee Hold
By Colin Clark, Breaking Defense
CAPITOL HILL: While the federal government remains supine and Congress fails to pass appropriations bills, at least one lawmaker is engaged in a classic use of senatorial privilege: placing a hold on the nomination of a senior administration official. Sen. Kelly Ayotte, who has made clear her unease with what appears to be the Air… Keep reading →
Study Says Retailers Have Shared Debit Swipe Fee Savings But Consumers Could Save More if Fed Set Cap Lower
By businesswireThe National Retail Federation welcomed a new study released today that shows retailers have passed along the majority of the savings from debit card swipe fee reform to their customers, and that the resulting increase in consumer spending has boosted job creation across the country. But the study also shows that benefits for consumers and… Keep reading →
In The New Deal and Modern American Conservatism: A Defining Rivalry, Davenport and Lloyd Highlight a Back-to-Basics Approach for Reviving the Conservative Movement
By businesswireHoover Institution Press today released The New Deal and Modern American Conservatism: A Defining Rivalry, by Hoover research fellow David Davenport and Pepperdine professor of public policy Gordon Lloyd. This thought-provoking book illustrates how the twenty-first-century discourse between progressives and conservatives grew out of the Roosevelt-Hoover debate of the 1930s. Providing an often-overlooked historical perspective, the authors… Keep reading →
In a statement issued Sept. 28, the Department of Veterans Affairs warned that funding for veterans benefits “will run out by late October” if the federal government shuts down. “At that point, VA will be unable to make any payments.” While claims processors at the Veterans Benefits Administration would continue working after a shutdown, funding… Keep reading →
National security cannot be diminished in the event of a federal government shutdown, American Legion National Commander Daniel M. Dellinger said Monday. “The political impasse that is threatening to shut down the U.S. government cannot and must not compromise the readiness and welfare of our armed forces and their support personnel,” said Dellinger, who leads… Keep reading →
Servicemembers Doubt Congress Will Act In Time To Avoid Government Shutdown, First Command Reports
By businesswireThe majority of servicemembers and their families doubt that lawmakers will take appropriate actions to avoid a government shutdown in October or a second round of sequestration in the coming year, according to the First Command Financial Behaviors Index®. The latest survey results reveal that 86 percent of middle-class military families (senior NCOs and commissioned… Keep reading →