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    • Chicago school board approves budget, major borrowing plan
      The Chicago Board of Education on Wednesday signed off on a $5.46 billion fiscal 2017 operating budget, property tax hike, and a borrowing plan that calls for up to $945 million of long-term bonds and $1.55 billion of short-term debt. The unanimous approval by Chicago Mayor Rahm Emanuel's hand-picked board came despite criticism that the spending plan r […]
    • South African police summon finance minister Gordhan: source
      By Mfuneko Toyana and Stella Mapenzauswa JOHANNESBURG (Reuters) - South African Finance Minister Pravin Gordhan has been summoned by an elite police division and may face charges in relation to an investigation into a suspected rogue unit of the state tax service, a source close to the matter said on Tuesday. Treasury spokeswoman Phumza Macanda confirmed to […]
    • Chicago Public Schools seeks $1.55 billion credit line
      The cash-strapped Chicago public school system will rely on a $1.55 billion line of credit in fiscal 2017 to boost cash flow, up from $1.065 billion in fiscal 2016, according to a briefing document released by the district on Monday. The bigger credit line will be on the agenda for the Chicago Board of Education's Wednesday meeting, along with a $5.4 bi […]
    • Croatia candidates battle over tax cuts ahead of September polls
      By Igor Ilic ZAGREB (Reuters) - The top two contenders in Croatia's general election battled on Friday over who would be best placed to cut taxes and boost growth, in a televised debate that put the economy at the forefront of a ballot that might not end a political deadlock. A reduced tax burden will be compensated by stronger growth while being carefu […]
    • Clinton disparages Trump's economic plan, vows to help workers
      By Jonathan Allen WARREN, Mich. (Reuters) - U.S. Democratic presidential candidate Hillary Clinton on Thursday said rival Donald Trump had no real plans to help middle-class families, arguing that his agenda of tax cuts and tough trade talk would throw the economy into recession. "He's¬†offered no credible plans to address what working families are […]