The following is a rundown of the day’s news drawn from other media sources with topics curated just for Money and Markets readers: Federal Budget, Personal security and freedom and Immigration!
GOP Split on Budget Deal
The Senate GOP concerns won’t be enough to kill the budget deal, which is expected to be approved by the House on Thursday before Senate action next week. But the move marks an interesting role reversal for congressional Republicans.
John Boehner: Conservative Groups’ Reaction to Budget Deal Is ‘Ridiculous’
Several key conservative groups are against the sequester relief within the new budget deal. Heritage Action’s Michael Needham penned an op-ed in USA Today on Tuesday calling the deal “a step backward.” The Cato Institute called the deal a “huge Republican cave-in.”
Republican Study Committee Fires Executive Director
“Paul was divulging private, member level conversations and actively working against strategies developed by RSC members,” said the senior GOP aide familiar with the group. “Trust between senior staff and RSC members is paramount. No staffer is above a member.”
Conservative Hill Analysis Slams Murray-Ryan Deal
Conservatives on Capitol Hill are not exactly rushing to embrace the Murray-Ryan budget deal. National Review Online has obtained the following highly critical analysis of the deal that is circulating among House and Senate offices.
Ryan-Murray Budget Deal Hikes Air Travel Security Tax by 124 Percent
Murray and Ryan settled on an agreement that would hit air travelers with a fee of $5.60 per one-way flight — or $11.20 for a round-trip excursion. That’s 60 cents higher than the $5.00 fee the Department of Homeland Security requested, and represents a huge jump up from the current $2.50 minimum security fee.
D.C. Police Officer Arrested for Prostituting Missing Girl
“As disheartening as it is to have members of this department involved in this type of conduct, I take solace in knowing that it was members of this department who worked tirelessly to ensure that they were brought to justice,” D.C. Police Chief Cathy L. Lanier said in a release.
D.C. Officer Marc Washington Charged With Child Porn Confirmed Dead After Potomac Plunge
Law enforcement authorities are investigating whether Washington was connected to another police officer who also was found with two teenagers, including a girl who had gone missing. The girl told police the officer was preparing her to be a prostitute and had taken pictures of her in the nude to show prospective clients.
California Man Arrested for Running ‘Revenge Porn’ Website
The site, which is no longer operational, had featured over 10,000 sexually explicit photos, and he charged women up to $350 each to remove their photos, officials said. The site was not the largest revenge porn website, but it had photos of people from across the country.
Sen. Lamar Alexander’s Chief of Staff Put on Leave Following Child Pornography Allegations
Sen. Lamar Alexander, R-Tenn., sent out a release Wednesday morning announcing that his chief of staff, Ryan Loskarn, is being put on leave over allegations involving child pornography. “I am stunned, surprised and disappointed by what I have learned,” the senator said in a statement.
Pols Begin Push to Legalize Marijuana in New York State
Known as the Marijuana Regulation and Taxation Act, the bill would legalize, regulate and tax marijuana along lines similar to the state’s current system regulating alcohol.
Obama Will Extend Amnesty for Young Illegals, Says Top White House Aide
So far, Obama’s deputies have granted the two-year “Deferred Action for Childhood Arrivals” amnesty to at least 567,563 illegal aliens, giving them the right to get jobs in every state, get drivers’ licenses in some states, to enroll in school and to receive government aid.
Majority of Americans Believe Deportation of Illegal Immigrants Not Aggressive Enough
It is only after illegal immigrants commit a serious felony causing major bodily harm, injury or death to an American are they finally deported back to their home country. As a result of a porous border, these criminals often come back into the United States without detection.
Biden Guarantees Victory on Immigration Reform
Republican leaders in the House already have said they won’t take up the immigration reform bill. But that didn’t stop Vice President Joseph Biden from guaranteeing that the Senate measure — and its controversial pathway to citizenship provision — will become the law of the land.
DPS Officer Resigns After Found to Be Illegal Immigrant
An investigation has revealed an undocumented immigrant was working for over a decade as a Department of Public Safety officer in Arizona. DPS spokesman Bart Graves told ABC15: “She resigned on Monday and has been under investigation by the U.S. State Department and DPS since late August.”
The Money and Markets Team