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Featured Post

Restored Republic via a GCR: Update as of Aug. 24, 2017

Restored Republic via a GCR Update as of Aug. 24 2017 Compiled 12:01 am EDT 24 Aug. 2017 by Judy Byington, MSW, LCSW, ret, CEO, Child Abus...

Friday, June 9, 2017

"Long Line" - Fri. PM KTFA Thoughts/News

KTFA

Don961 » June 9th, 2017


They will get the rest of the loan when ............ agreements are adhered to

Tpnoble53 » June 9th, 2017

Well well well, it appears the LL (long line) is alive a quite active! Iraq even managed to "get a draw" on the agreed loans. When dealing with Bankers & loans it is always the same 2 questions "when & how are we going to get paid back"?

Evidently this was answered to their satisfaction otherwise Iraq doesn't receive an advance let alone the loan approved! More evidence that the MR is moving forward, so.... what are you worried about? Thank you Don961 another gem.

Sabri: $ 14 billion, the size of the loans obtained by Iraq

He said a spokesman for the Office of the Prime Aloza Saad Sabri said the loans obtained by Iraq so far from a number of countries and organizations through the International Monetary Fund amounted to about $ 14 billion, indicating that those loans were signed by the best global conditions.

Said Sabri in a statement that Iraq has a number of agreements signed with a number of countries including Japan, France, Germany, the United Kingdom and the World Bank Adaqh to regional and international donor organizations in the run-credit program signed by Iraq with the International Monetary Fund in a move to bring life back into the Iraqi economy and the reform of the administrative system as well as finding sources of income to fill the deficit in the federal budget of the Republic of Iraq for the fiscal year 2017.

Sabri added that the amounts that will enable Iraq to get them so far amounted to about 14 billion US dollars offer to 3 years and during the period of not more than 2019, noting that Iraq received a portion of that amount.

http://www.sotaliraq.com/2017/06/08/link

Beas45 » June 9th, 2017

Mnuchin Says U.S. Can Cope If Debt Ceiling Not Raised by August

by Saleha Mohsin and Andrew Mayeda

June 9, 2017, 12:30 PM PDT

Government has ‘backup plans’ if limit not lifted in time

Critical not to disrupt financial markets, Treasury chief says


The U.S. government has “backup plans” for funding itself if Congress doesn’t raise the debt limit before lawmakers leave for their August recess as hoped, Treasury Secretary Steven Mnuchin said.

“I don’t want to leave any doubt, we have plans, backup plans for funding the government,” Mnuchin told reporters Friday at a press conference in Ottawa with Canadian Finance Minister Bill Morneau. “We will be fine if they don’t do it beforehand, but I want to emphasize that the sooner they do it, the less uncertainty there is in the market,” he said.

While the government hit its borrowing limit in March, it’s been relying on special accounting maneuvers to keep spending under the current ceiling of nearly $20 trillion. Increasing the debt limit -- a responsibility of Congress -- has become increasingly fraught in recent years as lawmakers used the debate as a bargaining chip for spending controls.

Mnuchin acknowledged that tax revenue is coming in “somewhat” lower than expected as a result of anticipated tax cuts, though he added that he’s not concerned. He repeated on Friday that the administration aims to complete an overhaul of the tax code this year.

The Treasury Department has projected it will run out of money in the second half of the year. Receipts totaled $2.17 trillion in the eight months through May, about 3 percent lower than projections, the Congressional Budget Office said in monthly projections this week.

Asked to elaborate on the administration’s backup plans, Mnuchin joked that he would use his Treasury secretary “superpowers” to solve the issue, referring to special accounting measures to remain below the ceiling.

“The U.S. credit is the most important and the strongest in the world, and we will make sure we do everything to make sure we can continue on that,” he said.

https://www.bloomberg.com/politics/articles/2017-06-09/mnuchin-says-u-s-can-cope-if-debt-ceiling-not-raised-by-august

FrostyTheSnowman » June 9th, 2017

"Oh the places you'll go!" What's on your POST-RV travel list?

Mrs. Frosty says she'd like a trip to Tahiti.

I'd settle for a trip to the bank. (wink)





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