Join Frank Sparks on Teleforum today, Friday February 8, 2018 in the 9 o’clock hour as the Attorney’s from L.G.K.G. will be Frank’s guest. The attorney’s will be available to answer your questions at 724-843-1888 and 724-774-1888.
Author: Beaver County Radio
Congress votes to reopen government after 5 hour shut down
Congress votes to reopen government, passes budget deal
By ANDREW TAYLOR, Associated Press
WASHINGTON (AP) — The House moved swiftly early Friday to reopen the federal government and pass a $400 billion budget deal, overcoming opposition from both liberal Democrats and tea party conservatives to endorse enormous spending increases despite looming trillion-dollar deficits.
The 240-186 vote came in the pre-dawn hours, putting to bed a five-and-a-half hour federal freeze that relatively few would notice. Many who did quickly labeled it a pointless, head-scratching episode. The shutdown was the second in three weeks.
The breakdown came largely in the Senate, when after a day of inaction, Republican Sen. Rand Paul of Kentucky went rogue and stalled a vote in protest over his party’s willingness to bust the budget. But Democrats also had their divisions and wrangling, largely with liberal upset the measure were not tied to any plans to assist the “Dreamer” immigrants.
Most Democrats opposed the measure, following the lead of Minority Leader Nancy Pelosi, D-Calif., who tried and failed to use the moment to secure a promise for a separate vote on immigration. Up to the final minutes, it was not clear the bill would pass and many Democrats held their votes, allowing the tally to creep slowly and giving no indication which way it might fall.
House Speaker Paul Ryan urged Congress to avoid a “second needless shutdown in a matter of weeks — entirely needless.”
There was far less drama in the Senate, where the measure sailed through by a 71-28 tally. President Donald Trump has promised to sign the bill into law.
The White House was forced to order the government shutdown shortly after midnight, but leaders quickly hustled to move before federal employees were due back at work, hoping to minimize the disruption. A shutdown essentially cuts the federal workforce in half, with those dubbed non-essential not allowed to work, while military and essential workers remain on the job.
The House vote ensured most employees would report for work as usual. Under federal law, passage of the measure is enough to call off the shutdown; Trump is expected to sign the measure as soon as he receives it.
The White House kept its distance from the quarreling on Capitol Hill. Trump did not tweet and aides did not try to assign blame.
Senate GOP leaders, however, were clearly irked by the debacle. In his attempt to sway Paul to relent, Sen. John Cornyn of Texas declared his fellow Republican was “wasting everyone’s time” and prompting a shutdown for “no good reason.” But Paul, the resident contrarian, repelled suggestions to stand aside.
“I didn’t come up here to be part of somebody’s club. I didn’t come up here to be liked,” Paul said.
The budget agreement is married to a six-week temporary funding bill needed to keep the government operating and to provide time to implement the budget pact.
The bill includes huge spending increases sought by Republicans for the Pentagon along with a big boost demanded by Democrats for domestic agencies. Both sides pressed for $89 billion for disaster relief, extending a host of health care provisions, and extending a slew of smaller tax breaks.
It also would increase the government’s debt cap, preventing a first-ever default on U.S. obligations that looms in just a few weeks. Such debt limit votes are usually enormous headaches for GOP leaders, but the increase means another vote won’t occur before March 2019.
Senate leaders had celebrated the budget deal as a sign they had left behind some of their chronic dysfunction. Just three weeks ago, Senate Democrats sparked a three-day partial government shutdown by filibustering a spending bill, seeking relief for “Dreamer” immigrants who’ve lived in the country illegally since they were children.
Senate Democrats had no appetite for another shutdown.
House GOP leaders shored up support among conservatives for the measure, which would shower the Pentagon with money but add hundreds of billions of dollars to the nation’s $20 trillion-plus debt.
House Democratic leaders opposed the measure — arguing it should resolve the plight of Dreamers — but not with all their might. Pelosi made it plain she wasn’t pressuring her colleagues to kill the bill, which is packed with money for party priorities like infrastructure, combating opioid abuse and helping college students.
“She negotiated the deal. Her team was in on it,” said top GOP vote counter Patrick McHenry, R-N.C. “And they were a ‘no.’ And at the end her team broke.”
Pelosi continued to press Ryan for a promise to bring an immigration measure sponsored by Reps. Will Hurd, R-Texas, and Pete Aguilar, D-Calif., up for a vote. But many Democrats backed the measure without that assurance.
Ryan said again Thursday he was determined to bring an immigration bill to the floor this year — albeit only one that has Trump’s blessing.
“We will solve this DACA problem,” Ryan said just before the vote. “Once we get this budget agreement done — and we will get this done for no matter how long it takes for us to stay here — we will focus on bringing that debate to this floor and finding a solution.”
The episode was a clear defeat for those who had followed a risky strategy to use the party’s leverage on the budget to address immigration. Protection for the Dreamers under former President Barack Obama’s Deferred Action for Childhood Arrivals program, or DACA, formally expires next month and there’s no sign that lawmakers are making progress on an agreement to extend the program.
Republicans, too, had their disappointments. Many were sheepish about the bushels of dollars for Democratic priorities and the return next year of $1 trillion-plus deficits. But they pointed to money they have long sought for the Pentagon, which they say needs huge sums for readiness, training and weapons modernization.
“It provides what the Pentagon needs to restore our military’s edge for years to come,” said Ryan.
Beyond $300 billion worth of increases for the military and domestic programs, the agreement adds $89 billion in overdue disaster aid for hurricane-slammed Texas, Florida and Puerto Rico, a politically charged increase in the government’s borrowing cap and a grab bag of health and tax provisions. There’s also $16 billion to renew a slew of expired tax breaks that Congress seems unable to kill.
“I love bipartisanship, as you know,” said Sen. Jeff Flake, R-Ariz. “But the problem is the only time we discover bipartisanship is when we spend more money.”
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Associated Press writers Matthew Daly, Alan Fram, Jill Colvin and Richard Lardner in Washington and Zeke Miller at Osan Air Base, South Korea, contributed to this report.
High Temperatures To Remain Above Freezing Throughout Weekend
WEATHER FORECAST FOR FRIDAY, FEBRUARY 9TH, 2018
TODAY – GENERALLY CLOUDY. A FEW FLURRIES OR SNOW
SHOWERS POSSIBLE. HIGH – 42.
TONIGHT – CLOUDY. LOW – 37.
SATURDAY – SHOWERS IN THE MORNING BECOMING A
STEADY LIGHT RAIN LATER IN THE DAY.
HIGH – 42.
SUNDAY – OVERCAST WITH RAIN SHOWERS AT TIMES.
TEMPS NEARLY STEADY IN THE MID TO UPPER
30‘S.
Markets Right Now: Dow plunges 1,000 as market swoons again
NEW YORK (AP) — The latest on developments in financial markets (all times local):
4 p.m.
The Dow Jones industrial average plunged more than 1,000 points as a weeklong market swoon continued.
The Dow is 10 percent below the record high it set just two weeks ago, putting it in what is known on Wall Street as a “correction.”
The Standard & Poor’s 500, the benchmark for many index funds, is also 10 percent below the record high it set two weeks ago.
Worries about inflation set the market rout in motion last Friday, and many market watchers have been predicting a pullback after the market’s relentless march higher over the past year.
The Dow dropped 1,032 points, or 4.1 percent, to 23,860.
The S&P 500 gave up 100 points, or 3.8 percent, to 2,581. The Nasdaq lost 274 points, or 3.9 percent, to 6,777.
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3:40 p.m.
The Dow Jones industrials are down 800 points, extending the market’s losses.
Stocks started to fall in early trading and extended their losses throughout the morning.
The market’s turmoil began last Friday and has continued this week as investors worried about early signs of inflation.
Analysts have also been saying the market has gotten much too expensive after a huge run-up over the last year and has been long overdue for a pullback.
The Dow was down 810 points, or 3.3 percent, to 24,088.
The Standard & Poor’s 500 index gave up 77 points, or 2.9 percent, to 2,603.
The S&P 500 is down 9.3 percent from the record high it set January 26.
The Nasdaq composite lost 212 points, or 3 percent, to 6,838.
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12:27 p.m.
The Dow Jones industrials are down 500 points, extending the market’s losses.
The market opened little changed on Thursday but started to fall in early trading and extended its losses throughout the morning. The losses were steady, unlike the sharp swings seen over the past few days.
The benchmark Standard & Poor’s 500 index is now down 8 percent from the record high it set January 26. It’s still up 15 percent over the past year.
Technology companies, the leading sector over the past year, and banks fell the most. Microsoft lost 2.3 percent.
The Dow was down 501 points, or 2 percent, to 24,397.
The S&P 500 gave up 44 points, or 1.7 percent, to 2,637. The Nasdaq composite lost 125 points, or 1.8 percent, to 6,926.
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11:45 a.m.
Stocks are sliding further on Wall Street, putting the market on track for its second big weekly drop in a row.
The market got off to a mixed start on Thursday but has fallen steadily as the morning wore on.
Technology companies, the leading sector over the past year, and banks fell the most. Microsoft and JPMorgan Chase each lost 1.7 percent.
The losses, which began last Friday, put the benchmark Standard & Poor’s 500 index almost 8 percent below the record high it set two weeks ago.
The Dow Jones industrial average lost 400 points, or 1.6 percent, to 24,491.
The broader S&P 500 lost 34 points, or 1.3 percent, to 2,647. The Nasdaq composite lost 101 points, or 1.4 percent, to 6,947.
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9:35 a.m.
Stocks are mixed in the early going as traders digest a batch of company earnings reports.
Twitter soared 26 percent early Thursday after reporting its first-ever quarterly profit.
Hanesbrands sank 8.8 percent after its results came up short of analysts’ foreacasts. The company also issued a disappointing forecast.
Roomba maker iRobot plunged 24 percent after its earnings fell far short of what investors were expecting.
The Standard & Poor’s 500 index slipped 2 points, or 0.1 percent, to 2,679.
The Dow Jones industrial average fell 98 points, or 0.4 percent, to 24,800. The Nasdaq composite edged up 10 points, or 0.2 percent, to 7,061.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.87 percent.
Budget plan’s $1 trillion deficit sours some Republicans
By KEVIN FREKING and MATTHEW DALY, Associated Press
WASHINGTON (AP) — Republicans rode the tea party wave to power eight years ago on a message of fiscal responsibility and attacking budget deficits, and kept at it during President Barack Obama’s two terms. That was then.
The Republican-led Congress on Thursday was rounding up support for a bipartisan budget bill that would put the government on track for annual deficits topping $1 trillion, a gap last seen toward the end of Obama’s first term.
The projection for massive budget deficits has split Republicans. Dedicated fiscal conservatives criticized the plan while others accepted it as a necessary compromise to shore up military spending and keep the government running after a short-lived shutdown last month.
“I think the spending in this is reckless and irresponsible,” said Rep. Thomas Massie, R-Ky., a conservative who is backed by the tea party.
Sen. Bob Corker, R-Tenn., said the budget agreement was “doubling down on the irresponsible mentality in Congress of spend now, pay later. To say I am discouraged by the outcome of these negotiations would be an understatement.”
Corker voted for the recent Republican tax cut after raising similar concerns in the weeks leading up to the vote.
Republicans are pinning their long-term hopes on their $1.5 trillion tax cut, which they say eventually will stimulate enough economic growth to help reduce the deficit. GOP leaders were using that argument and a desire to boost military spending to sell the budget plan. Congress needs to approve a spending bill by midnight Thursday to avoid a partial government shutdown.
Many in the GOP ranks were willing to sign on despite the soaring deficit.
“It all comes down to one thing — economic growth. That’s where you take care of the debt and deficit,” said Rep. Dennis Ross, R-Fla.
Republicans supporting the package include defense hawks who say military readiness has been harmed by years of automatic budget cuts known as sequestration. The budget bill boosts defense spending by $165 billion over two years.
“If you vote no, you’re voting against fixing the military,” said Rep. Mac Thornberry, R-Texas, chairman of the House Armed Services Committee.
Conservative angst about the growing deficit was valid, he said: “But you are not going to fix them by cutting our military or by failing to provide the equipment that our troops need.”
Other lawmakers cited the need to keep the government running and boost domestic spending on infrastructure and programs such as community health centers. The budget plan also was drawing support from Republicans representing states that would benefit from $89 billion in aid to speed recovery from last year’s hurricanes and wildfires.
Still, some GOP activists worried that the deal reinforces the notion that congressional Republicans are not delivering on their promises to slash spending and reduce the size of government. The plan could demoralize some Republican voters, hurting the party’s efforts to keep its majorities in the House and Senate, they said.
Jason Pye, vice president of legislative affairs at Freedom Works, a conservative group that helped launch the tea party movement, said Republicans are retreating on their deficit- reduction message. The House Freedom Caucus, a group of conservatives that grew out of the tea party, denounced the deal for growing the size of government.
“The only folks who should be voting for this are the debt junkies, who love unsustainable spending bills,” said Rep. Mo Brooks, R-Ala., a freedom caucus member.
A leader of the GOP’s fiscal conservatives, Rep. Mark Walker of North Carolina, said he understands the frustration.
“You can make a case that it seems to be a little hypocritical because we ranted and raged during the eight years of Obama about the national debt,” said Walker, who said he will vote against the budget bill. “If it’s truly our core principle, it should be equal whoever is in the White House.”
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Follow Daly at https://twitter.com/MatthewDalyWDC and Freking at https://twitter.com/APkfreking
Stephen Rubinosky was Live on Notes on Entertainment!!!!!!
Local music artist Stephen Rubinosky joined Scott Tady , Entertainment Editor for the Beaver County Times and Frank Sparks on a special edition of Notes On Local Entertainment brought to you by Wooley Bully’s on Thursday February 8, 2018. Stephen told Scott and Frank about how he became involved in music and what his musical influence is when he writes his music. Stephen is a 2015 Graduate of New Brighton high school. Stephen played all original songs for the listeners. Check out the Facebook live feed below………..
If you would like to learn more about Stephen and where you might catch him check out his Facebook page @StephenRubinosky .
If you wanna find out more about what’s going on at our sponsor Wooley Bully’s just click on the Logo.
UPDATE: Investigation Of Fatal Koppel Garage Fire Continues
We have an update now on that fire in Koppel that left one man dead this morning. Beaver County Radio Newsman Pat Septak spoke with the Chief William Madden of the Koppel Volunteer Fire Department by telephone on where the investigation stands at this point…
The identity of the person killed has still not been released…but an autopsy is scheduled on the body this evening.
The 211 System In Beaver County Is Focus of Awareness Movement
If you’re looking for general assistance in the Beaver County area, the 2-1-1 phone system is designed to help in the case of situations involving areas of life including utility assistance, childcare, disaster response, and more.
Lynell Scaff from the Beaver County Collaborative Action Network and Mike Rubino from the United Way of Beaver County joined Matt Drzik on A.M. Beaver County to discuss the nationwide movement on February 11 (2/11) to promote the importance of the 2-1-1 system. The BCCAN and United Way are the main supporters of the assistance system.
If you missed this morning’s interview or want to revisit it, click on our Facebook Live post below to watch it!
Facebook Live segments on Beaver County Radio are brought to you by NIRA Consulting Engineers.
High School Basketball: February 8, 2018
GIRLS
All Wednesday Games PPD
7:00pm
Cornell at Jefferson-Morgan
7:30pm
Blackhawk at Beaver
Ellwood City at Beaver Falls
Hopewell at Central Valley
Rochester at South Side Beaver
Quaker Valley at Ambridge
Mohawk at Quigley Catholic
Shenango at OLSH
BOYS
All Wednesday Games PPD
7:30pm
Western Beaver at Freedom
Summit Academy at Riverside
St. Joseph at Quigley Catholic
BREAKING NEWS: County Commissioners Approve Settlement With Comprehensive Healthcare
On Thursday morning at the Beaver County Courthouse, the County Commissioners approved a settlement that ends a longstanding battle within the financial insides of Beaver County. Beaver County Radio’s Matt Drzik has more on the announcement in this story:
The $380,791 settlement ends the saga with the former Friendship Ridge; a battle that has spanned multiple administrations of the County Commissioners.