But critics say that promise was broken when Democrats tapped the contractor -
fed federal account to help Malloy — so why should taxpayers shell out for a clean - elections program that lets in tainted money?
The state Democratic Party last year used a contractor -
fed federal account — intended to finance congressional campaigns — to pay for about $ 250,000 for mass mailings in support of Malloy's re-election.
Not exact matches
The report was presented by Dino Kos, executive vice president of the New York
Fed and the
Federal Open Market Committee's (FOMC) manager for the system open market
account, on behalf of the Treasury and the
Federal Reserve System.
The report was presented by Dino Kos, senior vice president of the New York
Fed and the
Federal Open Market Committee's (FOMC) manager for the system open market
account, on behalf of the Treasury and the
Federal Reserve System.
The report was presented by Peter R. Fisher, executive vice president of the New York
Fed and the
Federal Open Market Committee's (FOMC) manager for the system open market
account, on behalf of the Treasury and the
Federal Reserve System.
True to form, the
Federal Reserve is taking a rather cautious approach to their balance sheet unwind with this week's System Open Market
Account (SOMA) report showing an INCREASE of a $ million in the Fed's bloated account ho
Account (SOMA) report showing an INCREASE of a $ million in the
Fed's bloated
account ho
account holdings.
There is $ 2.7 trillion in money market funds alone, plus another $ 9.1 trillion in bank deposits, like checking
accounts and certificate of deposits (CDs)(source: Investment Company Institute (ICI) and
Federal Reserve (
Fed), as of 10/16/2017).
The
Fed's go - to move is tweaking its target for the
federal funds rate, which is what banks charge one another for loans and the benchmark for our rates on mortgages, credit cards and other debts, as well as savings
accounts, CDs and Treasury bonds.
Ambode said that «Governors are the owners of the land in their states but underneath the land and even inside the water, the
Federal Government is structured in a way that it controls those potentials adding that In a situation where the states are being spoon -
fed, because I call the federation
account more or less like spoon -
feeding.
«Though the government is claiming that it going to get assistance from the
Federal government on the programme, it does not make sense that a state that gets a mere N3.5 billion from the Federation
account each month and, has a wage bill about N2.2 billion per month could use N1.8 billion to
feed kids that should be
fed by their parents.»
While the full scope of the new probe is unclear at this early stage, sources say that one of the focuses of FBI and
federal prosecutors has been the central issue in the recently concluded SEEC investigation: the Democrats» 2014 spending on behalf of Malloy from a federally regulated campaign
account fed by heavy contributions from state contractors.
When the
Federal Reserve started cutting its benchmark
Fed Funds Rate, savings
account rates began suffering.
The
Federal Reserve raised interest rates by another 0.25 % recently, and that's a good thing for people saving in a savings
account, because a hike in the «
Fed Rate» usually results in an increase of the interest rate savings
accounts pay.
Well, the banks currently have an estimated $ 1.64 trillion sitting idle in
Federal Reserve
accounts — largely stimulus funds provided from that very institution — according to a recent report from the St. Louis
Fed.