Nashville, TN – The Tennessee Department of Commerce & Insurance’s (TDCI) Division of Consumer Affairs reminds residents that beginning April 2017, the Internal Revenue Service (IRS) plans to use four designated private agencies to collect certain overdue federal tax debts on the government’s behalf.
Written by Curtis Johnson
Nashville, TN – Two major bills to protect elderly and vulnerable adults from financial exploitation are moving through House Committees. House Bill 304 will be heard in the House Government Operations Committee this week, and House Bill 1064 is the House Calendar and Rules Committee.
This legislation gives securities officials and financial institutions the tools they need to help detect and prevent financial exploitation of those age 65 and older and vulnerable adults with diminished capacity.
Nashville, TN – To commemorate the 100th Anniversary of America’s entry into World War I on April 6th, 1917, the Tennessee State Museum has organized an exhibition entitled “The Yanks are Coming!” Tennesseans in World War I. The exhibition opened at the museum on April 6th and explores Tennessee’s role in the war that came to be known as the “Great War.”
The first mass war of the 20th century, World War I lasted four long years, from 1914 to 1918, with the United States entering the conflict on April 6th, 1917. Tennessee supplied more than 61,000 men to the Selective Service and 19,000 volunteers. Six Tennesseans would receive the Medal of Honor for their service.
Congressman Marsha Blackburn
7th District of Tennessee
Washington, D.C. – On Monday, I spent time with some amazing children from the Clarksville area. The 1st and 2nd graders from Rossview Elementary invited me to read with them. We read the book called One Proud Penny and talked about how pennies are made. They were great readers and very curious about my job as a U.S. Congressman.
Later in the afternoon, I had lunch with Robyn Gordon, an inspirational 13-year-old who has written a children’s book called Stop Bullying. Robyn is a brave and courageous young woman who was bullied when she was 6.
President Donald Trump’s budget would slash federal money returned to cities
Clarksville, TN – Clarksville Mayor Kim McMillan joined with other municipal leaders across America Friday to oppose the Trump Administration’s proposal to eliminate the Community Development Block Grant (CDBG) program, which has had a large positive impact in the City of Clarksville.
“CDBG grants help real people, and help make our communities great,” Clarksville Mayor Kim McMillan said Friday. “Community Development Block Grants are the only federal funding source that gives city leaders discretion in how the money is spent.”
Written by Sgt. William White
Fort Campbell, KY – A congressional delegation visited Fort Campbell Tuesday in an effort to better understand readiness challenges the Army is facing.
House Reps. William “Mac” Thornberry, chairman of the House Armed Services Committee, Diane Black, chairwoman of the House Budget Committee and Marsha Blackburn of Tennessee and chairman of the subcommittee on communications and technology, visited some of Fort Campbell’s facilities in need of updates.
The delegation met with Maj. Gen. Andrew P. Poppas, commanding general of the 101st Airborne Division and Fort Campbell, who discussed with them the installation’s readiness challenges.
Nearly Half of Americans Will Develop Pre-existing CVD Conditions
Washington, D.C. – A new study, released today by the American Heart Association, projects that by 2035, cardiovascular disease (CVD), the most costly and prevalent killer, if left unchecked, will place a crushing economic and health burden on the nation’s financial and health care systems.
According to the study, in the next two decades, the number of Americans with CVD will rise to 131.2 million – 45 percent of the total U.S. population – with costs expected to reach $1.1 trillion.
Clarksville, TN – The economic data calendar was thin. December trade figures were roughly in line with expectations. The University of Michigan Consumer Sentiment Index fell in the mid-February estimate.
Stock market investors were encouraged by the prospect for tax cuts following comments by U.S. President Donald Trump. In contrast, the bond market, recognizing that the process for cutting taxes will be contentious and lengthy, is less fearful of a large boost to the federal budget deficit (hence, bond yields have backed down over the past month).
Clarksville, TN – The Federal Open Market Committee left short-term interest rates unchanged, as expected, and tweaked the wording of the policy statement slightly. There were no solid clues as to the timing of the next increase in short-term interest rates, but officials noted the improvement in consumer and business sentiment and seemed a little more confident that inflation “will” increase to the 2% goal.
While January numbers are often suspect due to the magnitude of the seasonal adjustment, the economic data continued to paint a picture of the economy that is in good shape.
Clarksville, TN – The economic calendar was relatively thin. Small business optimism rose sharply in December. Growth in retail sales was concentrated in autos and gasoline – mixed and generally flat otherwise (with unusual softness in food) – but it was still a relatively good quarter overall.
Department store sales were weak, but that is a long-term trend (not necessarily a sign of consumer weakness). The PPI was largely in line with expectations, reflecting moderate pipeline inflationary pressures (consistent with further Fed rate hikes in the months ahead).
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