Skip to content
Catholic Online Logo

By Catholic Online (NEWS CONSORTIUM)

10/11/2013 (1 year ago)

Catholic Online (www.catholic.org)

Over a week of 'non-essential' services being shut down, collections continue

While the federal government was ostensibly in a "shutdown" in the first nine days of October - federal tax collections went up. From October 1 through October 9 of last year,  according to the Daily Treasury Statement, the federal government collected $55.235 billion in total tax revenues. The same period for this year - according to the Daily Treasury Statement, the federal government collected $56.188 billion in total tax revenues.

Treasury Secretary Jack Lew likewise offered a warning, telling lawmakers that the prospect of default had already caused interest rates to rise - and that worse lay ahead.

Treasury Secretary Jack Lew likewise offered a warning, telling lawmakers that the prospect of default had already caused interest rates to rise - and that worse lay ahead.

Highlights

By Catholic Online (NEWS CONSORTIUM)

Catholic Online (www.catholic.org)

10/11/2013 (1 year ago)

Published in Business & Economics

Keywords: Shutdown, tax collection, John Boehner, warning


LOS ANGELES, CA (Catholic Online) - During nine days of a shutdown this year, the federal government collected $953 million MORE in taxes than it did in the same nine calendar days last year, ostensibly when it was "open" for business.

Shutdown does not mean the government is shut out of the taxpayers' pocketbook.

With the nation's economy on the line, President Obama and congressional Republicans hashed about for a compromise to prevent an unprecedented U.S. default.

"We expect further conversations tonight," House Majority Leader Eric Cantor said as the day drew to a close. Both Cantor and Speaker John Boehner along with a delegation of other Republicans met for more than an hour with Obama at the White House.

While the White House released a statement describing the session as a good one, the statement also read that "no specific determination was made."

The ongoing crises that have bewitched the divided government for weeks. Markets have been rattled markets both here and abroad. At least 350,000 furloughed federal workers have been shout out of their jobs. Both sides expressed fresh hopes for a resolution soon.

Treasury Secretary Jack Lew likewise offered a warning, telling lawmakers that the prospect of default had already caused interest rates to rise - and that worse lay ahead.

A birth foretold: click here to learn more!

---


Pope Francis: end world hunger through 'Prayer and Action'


Copywriter 2015 - Distributed by THE NEWS CONSORTIUM

Pope Francis Prayer Intentions for May 2015
Universal:
That, rejecting the culture of indifference, we may care for our neighbours who suffer, especially the sick and the poor.
Evangelization: That Mary's intercession may help Christians in secularized cultures be ready to proclaim Jesus.


Rosaries, Crosses, Prayer Cards and more... by Catholic Shopping .com


Comments


More Business & Economics

Aging global population threatens to send world debt OUT OF CONTROL, Goldman Sachs warns Watch

Image of Part and parcel of Japan's economic crisis is the rise of male

By Catholic Online (NEWS CONSORTIUM)

The global economy is going to need a new business model - and fast. According to international financial adviser Goldman Sachs, the world's growing aging population - coupled with the reduction of young workers, the world is drowning in debt that it will be ... continue reading


Los Angeles boosts minimum wage to $15.34 an hour, largest U.S. city to do so Watch

Image of Significantly, the bill in its current form includes tipped workers. This means that tips would not count towards the proposed minimum-wage base pay of $15.

By Catholic Online (NEWS CONSORTIUM)

The minimum wage for the city of Los Angeles will be $15.34 by the year 2020 - until then, wages will increase incrementally each year. The vote is being hailed as "the most significant victory so far" in the push to increase the minimum wage nationally. LOS ... continue reading


Another attack on 'In God We Trust': Atheists take a stab at U.S. currency motto Watch

Image of The United States currency's motto is 'In God We Trust.'

By Atarah Haely (NEWS CONSORTIUM)

After a series of unsuccessful legal battles against the religious quote on U.S. currency, a popular atheist activist claims to have found a new and more effective way attack the country's beloved "In God We Trust." MUNTINLUPA, PHILIPPINES (Catholic Online) - Michael ... continue reading


Verizon to buy AOL in $4.4 billion deal Watch

Image of Verizon says the deal will shore up its wireless and over-the-top or OTT video strategies.

By Catholic Online (NEWS CONSORTIUM)

In a deal valued at approximately $4.4 billion, telecoms giant Verizon will acquire digital conglomerate American Online, or AOL. Verizon announced this week it would acquire digital conglomerate AOL, intended to bolster the telecommunications giant's efforts ... continue reading


Five American tech companies have $430 BILLION in which to play Watch

Image of While other companies cry

By Catholic Online (NEWS CONSORTIUM)

While other companies cry "poor mouth" or say they have little at their disposal, at least five American tech companies are sitting on an overwhelming $430 BILLION in cash. There should be no surprise that Apple leads the list by a wide margin. LOS ANGELES, CA ... continue reading


New York Times reports substantial loss in spite of digital growth Watch

Image of There has been a move to make the newspaper more attractive to readers. The newspaper's cooking product, a hub for recipes and food-related content, has been free since its introduction.

By Catholic Online (NEWS CONSORTIUM)

In just one of growing death knells of the daily print newspaper, the iconic New York Times reported a hefty $15 million loss for the first quarter of 2015. Digital subscriptions continue to show solid growth. Digital advertising grew at a double-digit pace. ... continue reading


Shakeup at Walt Disney Parks -- information technology employees replaced by non-immigrant workers Watch

Image of Both Disneyland and Walt Disney World certainly were not the happiest places on Earth for many employees at the beginning of this year.

By Catholic Online (NEWS CONSORTIUM)

Both Disneyland and Walt Disney World certainly were not the happiest places on Earth for many employees at the beginning of this year. Multiple layoffs went around to many several information technology employees and were told their final day would be January ... continue reading


Apple can't seem to spend money fast enough as profits soar and cash reaches a staggering $194 billion Watch

Image of At Apple - the company can't seem to spend money fast enough.

By Catholic Online (NEWS CONSORTIUM)

Digital gadget maker Apple has ended the first calendar quarter with $33 billion in cash and short-term investments and $160.4 billion in long-term investments. Apple currently has $194 billion in cash and investments, more than any other non-financial company ... continue reading


Meet the billionaires who pledged to give up their fortunes to change the world Watch

Image of

By Talia Ramos (NEWS CONSORTIUM)

Through the "Giving Pledge," men and women belonging to the upper crust of the society, with billions of dollars in their name, commit to donating a large chunk of their fortune, whether through their lifetime or through their will. Coming from the majority of their ... continue reading


World's discarded electronic junk building up into massive toxic dump Watch

Image of Less than 16 percent of global e-waste is being diverted from landfill into recycling and reuse.

By Catholic Online (NEWS CONSORTIUM)

Television sets, washers and driers, stereos - broken, discarded, and then thrown away, are creating a massively toxic waste dump of gargantuan proportions. The irony in all this "e-waste" is the fact that precious metals such as gold and silver are also thrown ... continue reading


All Business & Economics News

Newsletters

Newsletter Sign Up icon

Stay up to date with the latest news, information, and special offers

Daily Readings

Reading 1, Sirach 35:1-12
1 One who keeps the Law multiplies offerings; one who ... Read More

Psalm, Psalms 50:5-6, 7-8, 14, 23
5 'Gather to me my faithful, who sealed my covenant ... Read More

Gospel, Mark 10:28-31
28 Peter took this up. 'Look,' he said to him, 'we ... Read More

Saint of the Day

Saint of the Day for May 26th, 2015 Image

St. Philip Neri
May 26: If one had to choose one saint who showed the humorous side of ... Read More

Inform, Inspire & Ignite Logo

Find Catholic Online on Facebook and get updates right in your live feed.

Become a fan of Catholic Online on Facebook


Follow Catholic Online on Twitter and get News and Product updates.

Follow us on Twitter