The yield curve nears full inversion. Every duration higher than 1-month other than the 30-year long bond is inverted.
Tag: nears
Trump Signs Bill Promising Back-Pay to Furloughed Federal Workers
(UPI) — In a moment of rare bipartisanship, President Donald Trump signed a Democrat-sponsored bill Wednesday guaranteeing back-pay to workers furloughed by the ongoing partial government shutdown.
Since December 21, several government departments have been shut down due to an impasse between congressional Democrats and Trump over the president’s request of $5.7 billion to fund an expanded physical barrier at the U.S.-Mexico border. This stalemate has forced tens of thousands of federal employees to work without pay, with some 80,000 not receiving a paycheck for the first time last Friday.
However, the signing of the Government Employee Fair Treatment Act of 2019, sponsored by Sen. Benjamin Cardin, D-Md., requires that all government employees be compensated for “wages lost, work performed, or leave used” during the shutdown, the Whitehouse announced in a news release.
“This is an important step toward providing our civil servants with some stability and hope. But it doesn’t help pay the bills *now.* To do that, we MUST reopen the government,” Sen. Cardin said in a tweet prior to the bill being signed.
Vice President Mike Pence informed U.S. Customs and Border Protection agents of the news, The Hill reported.
“Just moments ago the House or Representatives passed legislation that will ensure that all the dedicated professionals at Custom and Border Protection and all of the agencies affected by this shutdown will be paid in full,” he said from the agency’s Washington, D.C., headquarters.
The measure follows last week’s introduction of a bill that would protect furloughed federal workers from landlords and creditors filing legal action against them for failing to pay their bills during the shutdown, reported the Huffington Post.
Earlier Wednesday, President Trump had a “constructive” meeting with the bipartisan group of Congress members dubbed the Problem Solvers Caucus to negotiate during the shutdown, reported CNN.
And that same day, House Speaker Nancy Pelosi, D-Calif., urged the president to delay his scheduled State of the Union later this month until the shutdown, which nears its fifth week, comes to an end.
Disney CEO stock award worth as much as $149.6 million in 2018
January 11, 2019
(Reuters) – Walt Disney Co <DIS.N> Chief Executive Officer Robert Iger earned stock grants worth as much as $149.6 million in 2018, including awards related to Disney’s purchase of film and television assets from Twenty-First Century Fox <FOXA.O>, according to a regulatory filing http://bit.ly/2D5dNjy on Friday.
The media and entertainment company reported that Iger’s compensation rose 80.9 percent to $65.6 million, excluding awards based on the Fox deal.
Last month, Iger agreed to certain adjustments to his compensation package, which ties his paycheck to the company’s performance, as it nears completion of the deal.
Disney suffered a rare rebuke from its shareholders last year when a 52 percent majority opposed the compensation of Iger and other executives in a non-binding vote.
The proxy filing released on Friday showed that Iger’s $65.6 million compensation for 2018 included $35.4 million in stock awards. That 2018 stock award figure rises to $149.6 million, assuming completion of the acquisition and the highest level of performance conditions are achieved, Disney said.
(Reporting by Mary Ann Alapatt in Bengaluru)
Navy Nears Power Deal to Help Avoid Calif. Blackouts
Navy Nears Power Deal to Help Avoid Calif. Blackouts 30 Apr 2012 The U.S. Navy is nearing a first-time agreement to curb electricity use at its sprawling San Diego-area bases if power runs short in Southern California this summer, a deal intended to diminish the threat of blackouts while the troubled San Onofre nuclear plant remains offline. The Navy is San Diego Gas & Electric’s largest customer, and the utility has been working on an agreement under which the Navy would temporarily reduce its energy consumption if regional supplies get scarce. In exchange, the Navy would receive a break on electricity rates.
Tax issues stall deficit committee as deadline nears
By Lisa Mascaro, LA Times
Deadlock. Impasse. Cooling-off period.
Call it what you will, but the congressional super committee on deficit reduction has again stalled out after a flurry of proposals this week from Republican and Democratic members as the Thanksgiving deadline approaches.
Talks continue behind closed doors as smaller groups of lawmakers from the largely secretive 12-member panel try to strike a deal to reduce deficits by $ 1.5 trillion over the next decade.
But the stalemate revolves around the issues that have stunted such efforts all year: Republicans are unwilling to agree to the scale of new revenues Democrats insist are needed to get their agreement to cut Medicare and other domestic spending and entitlement programs.
Talks hit a “breakthrough,” as Sen. Dick Durbin of Illinois, the No. 2 Democrat in the Senate, called it this week when the GOP strayed from its rigid anti-tax stance and offered new tax revenue for the first time.
But Democrats rejected the GOP proposal as paltry because the new taxes were paired with a permanent lowering of income tax rates on wealthy Americans and other households.
To read more, visit: http://www.latimes.com/news/politics/la-pn-supercom-stall-taxes-20111110,0,40357.story?track=rss