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The Latest Breaking News from Finance Committee

'Quiz bank on DJ Carey's €9.5m debt' - Call for probe into hurling legend's alleged loan write off

AIB should face the Finance Committee after allegedly writing off debt of almost €9.5million for hurling legend DJ Carey, a minister said. It's claimed the Kilkenny All-Ireland winner’s settlement with the bank in 2017 was just €60,000.

Irish Mirror

Biden mixes doable, aspirational health messages in speech

WASHINGTON — President Joe Biden reiterated a call to “finish the job” on insulin prices, address the mental health crisis and “end cancer as we know it” in his address to Congress on Tuesday — initiatives that could have bipartisan support from lawmakers.

Tribune News Service

Biden mixes doable, aspirational health messages in speech - Roll Call

President Joe Biden’s speech was heavy on health policy asks, but it’s unclear if razor-thin majorities will allow them to come to fruition.

Roll Call

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Kuwaiti Govt Resigns over Disputes with National Assembly

Kuwait’s government, headed by Prime Minister Sheikh Ahmad Nawaf Al Sabah, submitted its resignation to Crown Prince Sheikh Mishal al-Ahmad al-Jaber Al Sabah on Monday after weeks of tension with the National Assembly over the approval of a financial aid package that lawmakers want in exchange for waiving the demand…

Asharq Al-Awsat

Do not allow bankers to go back to getting bonuses, says Oireachtas committee

A powerful Oireachtas committee has questioned the decision of the Government to allow bailed-out banks to pay bonuses to their bosses.

Irish Independent

Lightfoot’s plan to ‘reimagine La Salle Street’ takes shape

The City Council’s Finance Committee approved a $5 million grant program to entice neighborhood restaurants and “cultural” establishments to open downtown.

Chicago Sun-Times

City Council must vote to keep Red Line extension plan on track

It’s a potential win for the city — and we certainly could use a few Ws these days — as well as the South Side.

Chicago Sun-Times

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End of an era in Chicago politics as Burke chooses retirement over uphill battle for a record 15th term

Indicted Ald. Edward Burke (14th) chose not to seek reelection to a record 15th term in a ward dramatically redrawn to eliminate his most favorable precincts.

Chicago Sun-Times

Black-owned company gets OK for $13.5M city subsidy to buy, revamp 6 South, West side grocery stores

Ald. Jason Ervin (28th), chairman of the City Council’s Black Caucus, said the Save A Lot name that will be revived by stores operated by Yellow Banana has been seriously damaged by store closings.

Chicago Sun-Times

$5M settlement to family of teen killed by Chicago police clears City Council panel

The settlement advanced Monday would go to Alice Martin, mother of 17-year-old Michael Elam Jr., fatally shot in his back after he ran away following a 2019 traffic stop.

Chicago Sun-Times

Lightfoot’s $16.4B budget clears one hurdle, but hits snag over reduced fines

The Finance Committee approved the property tax levy, but must reconvene Wednesday to reconsider the revenue ordinance. As proposed, it would cut some vehicular fines in half to comply with a court decision, but if Ald. Brendan Reilly has his way, those fines will remain at $500.

Chicago Sun-Times

Keep taxpayers from paying the price for bad behavior by city workers

The City Council’s Finance Committee approved a $950,000 settlement to a veteran bricklayer who claimed that he was a target of racist and retaliatory attacks by a superintendent in the Water Management Department.

Chicago Sun-Times

Hostile work environment in Chicago’s Department of Water Management triggers $950K settlement

Dilan Abreu, a 40-year veteran bricklayer, claims he was harassed, physically abused and retaliated against by the son of former Ald. Bernard Hansen due to an “unrestricted culture of overtly racist behavior and attitudes.”

Chicago Sun-Times

Budget cuts of £500m following new pay awards – Swinney

John Swinney said the Scottish Government had to make ‘difficult choices’ around the public finances.

The Independent UK

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The National (Scotland)

John Swinney sets out £500m savings warning of 'great pressure' on public services

JOHN Swinney has warned there has “never been a time of greater pressure” on public finances as he set out savings of £500m in planned spending…

Tribune News Service

Changes mulled to sweeping budget package as debate nears

Democrats may need to make some changes to the tax portion of their budget reconciliation package to earn the support of Arizona Sen. Kyrsten Sinema, including possible removal of a tax increase on investment fund managers and softening a new minimum tax on the biggest corporations.

Roll Call

Changes mulled to sweeping budget package as debate nears

Democratic leaders in the Senate need to woo Arizona Sen. Kyrsten Sinema, but some don't want to give away too much

Tribune News Service

Clean energy tax package undergoes substantial shifts

WASHINGTON — Democrats made concessions to get Sen. Joe Manchin III on board with spending hundreds of billions of dollars on clean energy incentives in the revamped budget package unveiled late Wednesday, but they were able to preserve versions of key pieces that he’d targeted as concerns.

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Roll Call

Clean energy tax package undergoes substantial shifts - Roll Call

Democrats made concessions to get Sen. Joe Manchin III on board with spending hundreds of billions of dollars on clean energy incentives.

Sports Illustrated

NFL Finance Committee Recommends Approval of Bid to Buy Broncos

The NFL’s 32 teams will vote on the sale next month as part of the next step.

The Denver Post

Broncos could officially be bought by Walton-Penner Ownership Group on Aug. 9

Pending approval by the NFL’s Finance Committee, the Walton-Penner Ownership Group’s will have their purchase of the Broncos finalized Aug. 9 in Minneapolis, according to a league source.

Chicago Sun-Times

City Council’s Finance Committee OKs $11.2 million in settlements tied to alleged police wrongdoing

The largest settlement goes to Norman McIntosh, imprisoned 15 years for a murder he did not commit. He was released from Stateville Correctional Center in 2016 just hours after a judge vacated his conviction.

Politico

Republicans ready grenades against Democrats’ dwindling dream bill

GOP leaders are preparing procedural attacks this week to chip away at what's left of the legislation once known as “Build Back Better.”

Roll Call

Senate GOP pitches options for stalled competition bill - Roll Call

McConnell floats having House pass Senate version or moving $52 billion for semiconductor subsidies separately.

Radio France Internationale

Far-left lawmaker to chair French parliament's powerful finance committee

Far-left France Unbowed (LFI) MP Eric Coquerel was on Thursday elected to the key post of president of the National Assembly's influential Finance Committee.

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