by on July 23, 2018
When it comes to social policy, President Trump embraces conservative politics as usual, continuing a nearly four-decades-long effort to make these policies more restrictive. Earlier this month, the White House Council of Economic Advisers called for more “welfare reform,” which would be accomplished by expanding work requirements for the Supplemental Nutrition Assistance Program (“food stamps”), Medicaid and rental housing assistance programs. Mr. Trump and his conservative allies in Con...
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by on May 26, 2018
Remember President Trump’s 2019 budget — that big document released in February and then immediately dismissed or ignored? Well, a new analysis released Thursday by the nonpartisan Congressional Budget Office finds that the president’s proposal won’t rein in rising deficits like the White House claims. CBO estimates that, over the 10 years from 2019 to 2028, the Trump budget request would cut the deficit by $2.9 trillion compared to the current baseline. The White House estimated that ...
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by on May 19, 2018
New York Governor Andrew Cuomo, center, speaks during a news conference with Senate Democratic Conference Leader Andrea Stewart-Cousins, D-Yonkers, left, and Independent Democratic Conference Leader Sen. Jeff Klein, D-Bronx, right, Wednesday, April 4, 2018, in New York Nearly 40 legislative staff members who worked for the Independent Democratic Conference or its members lost their jobs after the breakaway group rejoined the mainline Democratic Conference, according to an analysis of the ...
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by on March 11, 2018
SEN. ELIZABETH WARREN told a gathering of progressive lawmakers Friday that seeing her colleagues vote to advance a Wall Street deregulation bill this week was a “stab in the heart.” This week, 16 Senate Democrats voted for the Economic Growth, Regulatory Relief, and Consumer Protection Act. It’s a cleverly misnamed bill that would peel back regulations on 25 of the 32 largest banks in the country, removing a slew of consumer protections while relaxing stress tests and other reporting requi...
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by on April 4, 2018
This weekend’s spending deal punted on fixing longstanding problems, thanks to the governor cutting a deal with Republicans. Sorry, kids, no campaign finance reform for you this year. In Albany, a budget is not simply a budget. It is a vast matrix, a behemoth stew, the mashup of unfathomable sums of money ($168 billion this year) and specific, often unrelated policies. Horses are not merely traded; they are herded and hidden and sometimes euthanized on a whim. For progressives...
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by on June 21, 2018
The U.S. Supreme Court on Thursday expanded presidential control over pivotal jobs in federal agencies, ruling that the way the Securities and Exchange Commission selected its in-house judges to enforce investor-protection laws was improper. The U.S. Supreme Court is seen in Washington, U.S., June 11, 2018. In a 7-2 ruling, the justices overturned a lower court ruling that had endorsed the SEC’s in-house judge hiring practice that operated autonomously from the president. The ruling...
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by on February 16, 2018
On the campaign trail in 2016, Donald Trump promised to fill his Cabinet with the "best people in the world." As President, Trump has indeed hired a fleet of high-flyers -- though not in the way most voters might have hoped. Over the past year, a series of top administration officials have been caught out, shamed and, in the case of former Health and Human Services Secretary Tom Price, forced to resign over profligate travel spending. The latest revelation of unseemly business emer...
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by on July 4, 2018
Big changes are coming to the South Bronx after Governor Andrew Cuomo unveiled a $10 million plan to improve the neighborhood. Cuomo on Tuesday announced 12 transformational projects as part of the Downtown Revitalization Initiative award, saying the strategic investments will connect the commercial and cultural nodes within the Bronx Civic Center to create a unified downtown that provides a high quality of life for residents and visitors. He said it will also support inclusive e...
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by on May 30, 2018
Wall Street’s long campaign to chip away at the toughest trading restriction imposed on banks after the financial crisis is finally paying off under President Donald Trump. The Federal Reserve Board, now led by Trump appointees, on Wednesday took the most concrete step yet to roll back the Volcker Rule, which was key to Washington’s efforts to make the industry safer after the 2008 meltdown. Fed governors voted 3-0 to seek comment on proposed changes, kicking off an administrative process...
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by on April 11, 2018
The City Council wants reduced fares for 800,000 low-income New Yorkers. Roughly 800,000 low-income New Yorkers would save $726 a year if a proposal by the New York City Council and advocates to fund half-priced Metrocards for the poorest New Yorkers is adopted as part of the city’s final budget. On Tuesday, the Council released its budget response to the Mayor Bill de Blasio’s preliminary budget, which he unveiled in February. The Council included $212 million in funding for Fair Fare...
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by on May 22, 2018
State tax breaks for the luggage designer to move less than a mile Away is a direct-to-consumer luggage company Sometimes companies are awarded financial incentives to relocate to New York from another state or overseas. But Monday a retailer was granted $4 million worth of state tax breaks for moving its headquarters from SoHo to … SoHo. The package was granted to Away, a two-year-old luggage designer co-founded by CEO Steph Korey, a former Warby Parker executive. The firm is headq...
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by on February 8, 2018
The solution starts at the top, with Governor Cuomo and MTA leadership. Why was the Second Avenue Subway the most expensive subway project per mile in human history? When he began looking into the MTA over the summer, New York Times reporter Brian Rosenthal didn’t set out to expose waste in the agency’s capital construction practices. Rosenthal and his colleagues simply wanted to understand why subway service was falling to pieces. “Through the process, we heard from a lot of people...
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