Over Memorial Day weekend, Congressional leaders and the White House announced an agreement on the debt limit and a budget plan that puts caps on discretionary spending and rescinds some unspent COVID relief payments. The legislation known as the Fiscal Responsibility Act (FRA) is expected to be voted on in the House of Representatives tomorrow, and then move to the Senate. The Treasury Department has updated its “Date X” forecast of when the federal government will exhaust its extraordinary measures to 5 June (next Monday) from the previous estimate of 1 June (this Thursday). Since it was announced on Saturday, the deal has shown all the qualities of a major compromise, as it has drawn critics from both sides. So, what is in i...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.