Rep.Marlin Stutzman (R-Indiana) and Rep. Dave Brat (R-Virginia) joined all Democrats on the committee in rejecting the budget plan, which may be indicative of some Republican opposition in the House where a number of members have spoken out that the spending it contains is still too high.On Wednesday of this week, the House Budget Committee passed a FY 2017 budget resolution by a close vote of 20-17. All Democrats voted against it as did two Republicans, Representative Marlin Stutzman (R-Indiana), a member of the Agriculture Committee, and freshman Representative Dave Brat (R-Virginia), who earlier defeated then-House Majority Leader Eric Cantor in the primary. They may be indicative of some Republican opposition in the House where a number...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
What You Need to Know Today: Wholesale inflation was flat in July, with the Producer Price Index (PPI) unchanged versus expectations for a 0.2 percent increase. Core PPI rose 0.2 percent, also below expectations. The softer inflation data has reduced the odds of a September interest rate incre...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.