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Round two of the Republican primary season takes us to New Hampshire this week, and former president Donald Trump is once again the runaway favourite. The pressure at this Tuesday’s caucuses is on the also-rans, particularly Nikki Haley. She finished third in Iowa last week, underperforming polls, and is facing pressure from her backers to
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A Congress that just narrowly avoided a government shutdown is getting a fresh wish list from a wide cross section of organizations of issuers, including calls for preserving the tax exemption on municipal bonds.   The letter originates from the Public Finance Network, which encompasses twenty-four issuer organizations including the Government Finance Officers Association, the National
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The Illinois Supreme Court Friday upheld pension consolidation legislation championed by Gov. JB Pritzker that was challenged in court by more than a dozen suburban and downstate police and firefighter pension funds.  The case, Arlington Heights Police Pension Fund et al. v. JB Pritzker et al., had pitted the governor and General Assembly against a
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The US House of Representatives passed a short-term spending bill on Thursday that will avert a partial government shutdown and free up lawmakers to focus on contentious negotiations over aid to Ukraine. Passage in the House came after the Senate overwhelmingly approved the bill earlier on Thursday. The bill will now go to President Joe
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Oklahoma Gov. Kevin Stitt is bringing lawmakers back into a special session on a tax cut after his plan to phase out income taxes failed to pass during a session last fall. The session, set to begin Jan. 29, will take up a 0.25% personal income tax reduction.  “With record-breaking savings and a strong economic
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Rishi Sunak’s election supremo Isaac Levido this week issued a stark warning to Tory MPs, telling them: “Divided parties fail.” But the Conservative rebellion over the government’s Rwanda asylum bill over the last 48 hours is an ominous sign for the prime minister that the warning is not being heeded. Tory MPs may have pulled
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Republican lawmakers in Arizona pushed back on aspects of Gov. Katie Hobbs’ proposed fiscal 2025 budget, particularly its targeting of rising costs for the state’s universal school voucher program. The spending plan, which was unveiled by the Democratic governor Friday and had its first airing Tuesday before the Republican-controlled legislature’s Joint Appropriations Committee, aims to
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. European stocks and bonds fell after European Central Bank president Christine Lagarde signalled that interest rates would come down in summer rather than spring and UK inflation rose unexpectedly for the first time in 10
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The California Legislative Analyst’s Office take on the governor’s proposed budget found Gov. Gavin Newsom’s deficit estimates “optimistic,” though it lowered its own deficit estimates by $10 billion to $58 billion. The main difference between Newsom’s budget for fiscal 2024-25 released last week, which projects a $38 billion deficit, and the LAO’s, is the governor
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is author of ‘Black Wave’, distinguished fellow at Columbia University’s Institute of Global Politics and an FT contributing editor Lebanon’s caretaker foreign minister, Abdallah Bou Habib, made a startlingly frank admission of powerlessness
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Donald Trump was forced to cancel all but one of his planned rallies in Iowa this weekend after a brutal winter storm ripped through the Midwestern state, bringing strong winds and record low temperatures. But when the former president appeared before a standing-room-only crowd at Simpson College, a small undergraduate school in Indianola, Iowa, on
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