Category: Finance

MSc Finance graduates from Georgetown McDonough earn $146,000 to start with four or more years of work experience. Georgetown photo

From Washington, DC: The Class of 2022 master's in finance at Georgetown University's McDonough School of Business achieved record graduate salary and career outcomes, according to MSF's annual Career Success Report.

Recent graduates earned a base salary of $119,199, up from $112,139 last year, with an average base salary of $105,000. For the fourth consecutive year, base pay remained in the six-figure range.

Those with four or more years of work experience earned an average base salary of $146,755, compared to $120,189 last year, with an average base salary of $129,000. Experienced graduates earned an average of $159,000 in non-base salary additional compensation, capped at $1.2 million. Six months after admission and graduation, the average base salary increased by 73%, and 86% of these graduates were promoted at their current company or accepted a position at another company.

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The class teachers of this year's University of Mississippi MBA program are (left to right): Sarah Keith Rushing, vice president of public affairs; Addie Gagnon, vice president of social events; Alexis Lee, vice president of human resources; Kendall Runzi, vice president of public works; Kylie Harrier, President; and Lee Ellis Grisham, vice president of finance. Photo by Ashley McGee

Led by a group of Mississippi State MBA Women Class Officers

From Oxford, Mississippi: For the first time since the University of Mississippi established its MBA program, its students will be led by a female faculty.

This year's MBA class is led by:

• President Kylie Harrier of St. Charles, Illinois

• Kendall Ranzi, Festus, MO, vice president of public works

• Alexis Lee, Stevens Point, Wis., vice president of Human Resources

• Lee Ellis Grisham, Tupelo, VP Finance

• Addie Gagnon, Silver Spring, Maryland, vice president, social events

• Sarah Kate Rushing, Brookhaven, vice president of communications

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“I am honored and fortunate to be on a team with such incredible women,” said Harrier, who earned a finance degree at UM before pursuing an MBA. “I never thought I would be working on this team.

"It's really inspiring to see a group of women leading our program."

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UConn Restructures MBA, Reduces Course Requirements

Van Storrs, Connecticut: The University of California, Connecticut School of Business has announced an overhaul of its MBA program, reducing the number of credits needed to complete the degree from 57 to 42 and changing its concentration and core courses.

John Elliott, dean of the University of California, Connecticut's School of Business, said the changes will make it easier and faster for students to earn an MBA.

Students can complete the requirements in as little as a year and at low cost if they actively pursue the degree, UConn said. Today, many students have a three-year plan.

The changes will take effect at the beginning of the fall semester

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Now don't miss this business school to get all MBA fundamentals. Only 10 in the US

The post “Seasoned graduates of these top masters in finance earn almost $150,000 to boot” appeared first on Poet and Quant.

Two years after completing the course Regional Sales Manager with an income of $150,000

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Close-up of a money puzzle

This article originally appeared on The 4Front, NBC Washington Working 4 You, Your Family, Community, Health, Safety and Money. Subscribe here.

Households are increasingly relying on credit cards to offset the high cost of living. In the final months of 2022, credit card balances rose $61 billion, the biggest quarterly gain since the Federal Reserve began collecting data in 1999.

Want to control your debt?

Don't hide your head in the sand, just make the minimum payment and think that's enough, says Sarah Ratner of Nerdwallet.

Find a strategy that works for you.

Here are three popular debt repayment strategies:

Are you motivated to check things off your to-do list? Try the snowball method . Make minimum payments on all bills to stay on top of things. Invest every extra dollar in your smallest remaining debt. Once it is removed, move on to the next smaller debt.

Do you want to save money with interest over time? The landslide method prioritizes paying off the debt with the highest interest. This method can save you the most money, but it can take a long time before you feel like you've reached your goal.

Want to take advantage of a good credit history? Consider debt consolidation if you combine all your debts into one loan. Consolidation loans often have lower interest rates than credit cards if you have good credit. When used correctly, this method can help you pay off your debt faster. But stay away if your credit score is too low to give you a competitive interest rate.

You may have seen the FTC consumer advisory about credit repair companies engaging in illegal business practices.

While there are reputable companies out there, you can spend an hour or two doing it yourself, it's free.

According to Ratner, it works like this:

• Download your Equifax, Experian and TransUnion credit reports from Annualcreditreport.com for free until the end of 2023.
• Check every credit report for issues like B. Your account doesn't remember opening and contains incorrect information. Make sure all public records, such as evictions or sentencing, are accurate.
• If you find incorrect information, dispute it by contacting all three credit reference agencies. Send an email explaining the errors. Attach supporting documentation. Credit bureaus usually have 30 calendar days to investigate your dispute.

No credit recovery company can remove negative information, such as bankruptcy or debt, from your credit report , if true . However, according to the Consumer Financial Protection Bureau, the most negative information may only appear in reports for seven years (10 years of bankruptcy). Contact the credit bureaus to remove outdated information; You can increase your credit score overnight.

So, when is the right time to hire a credit repair company? This can be useful if potential clients contact major credit bureaus.

Beware of red flags. Don't hire a company that asks you to discuss accurate information, promises to remove valuable negative information, or requires you to pay up front.

Our Oriental Credit Repair Repairs Your Credit History and Gets High Scores

© Thomson Reuters US Treasury Secretary Yellen at a roundtable meeting with Indian technology leaders near Bangalore.

Written by Aftab Ahmed and David Lowder

BENGALURU (Reuters) – Financial leaders from the world's biggest economies failed on Saturday to resolve differences over the war in Ukraine and move forward with steps to restructure the debt of troubled countries, people familiar with the talks said.

A meeting of Group of 20 (G20) finance ministers and central bank governors hosted by India could end without a joint statement as the three delegates failed to agree on how to describe the conflict in Ukraine. he told Reuters.

© Thomson Reuters US Treasury Secretary Yellen speaks during talks with Indian technology leaders near Bangalore

The United States and its allies in the G7 industrialized nations pressed for a statement calling for full condemnation of Russia for its neighbor's attack a year ago, but representatives of Russia and China opposed it. to that language.

© Thomson Reuters G20 finance ministers, central bank governors and heads of delegations G20 finance ministers and central bank governors attend a meeting near Bangalore.

Two of the delegates noted that Russia and China were upset that the G20 platform was being used to discuss political issues.

US Treasury Secretary Janet Yellen earlier told Reuters that it was "absolutely necessary" to include a statement condemning Russia.

"And I think the G7 has come together around that, so I expect that's necessary and appropriate," he said.

Russia, a member of the G20 but not the G7, considers its actions in Ukraine a "special military operation" and avoids calling it an invasion or war.

India is pushing for the meeting to avoid using the word "war" in any statements, G20 officials told Reuters.

India, which chairs the G20 this year, has maintained a neutral stance in the war, refusing to blame Russia for the attack, seeking a diplomatic solution and significantly increasing purchases of Russian oil.

India and China were among the countries that abstained when the United Nations voted on Thursday to call on Moscow to withdraw troops from Ukraine and end the war.

In addition to the G7 countries, the G20 bloc also includes countries such as Australia, Brazil and Saudi Arabia.

The delegates noted that the meeting will most likely end with a speech by the host summarizing the results of the discussions.

"In the absence of consensus, India's option would be to publish the bank statement," the official said.

India's Ministry of External Affairs, Finance and Information did not immediately respond to requests for comment.

Credit business

In that regard, the International Monetary Fund (IMF) held a meeting on Saturday with the World Bank, China, India, Saudi Arabia and the G7 to restructure the debt of troubled economies, but there were disagreements among members, Cristalina said. . . Georgieva, executive director of the IMF. .

"We just finished a session where it was clear that there was a consensus to iron out the differences for the benefit of the countries," Georgieva, who moderated the discussion with Indian Finance Minister Nirmala Sitharaman, told reporters.

A spokesman told Reuters that some initial progress had been made, particularly on language, but restructuring had not been discussed in detail.

Yellen said the meeting, which was mostly an organizational one, had "no results."

Several more round tables are planned at the spring meetings of the IMF and the World Bank in April.

China, the world's largest bilateral lender, and other countries are under pressure to cut loans to developing countries.

In a video address to the G20 meeting on Friday, Chinese Finance Minister Liu Kun reiterated Beijing's position that the World Bank and other multilateral development banks should participate in debt relief through joint reductions with bilateral lenders.

Yellen said she was urging all bilateral creditors, including China, to engage in meaningful talks ahead of the debt meeting, adding that Zambia's debt problem and Sri Lanka's financial guarantees were "very urgent".

According to government figures, Zambia owes Beijing nearly $6 billion of its $17 billion foreign debt at the end of 2021, while Ghana owes China $1.7 billion, according to the Institute of International Finance, a services trade body. Financiers focus on emerging markets.

The China Africa Research Initiative think tank estimates that by the end of 2022, Sri Lanka will owe Chinese creditors $7.4 billion, or about a fifth of its external public debt.

(Reporting by Shivanga Acharya, Sarita Singh, Aftab Ahmed, Christian Cramer and David Lowder; Writing by Raju Gopalakrishnan; Editing by William Mallard and Francis Carey)

India's chairmanship of the G20. The Minister of Finance of Spain held a press conference as part of the G-20 meeting.

BENGALURU, India – Top financial leaders from the Group of 20 nations will meet this week in Bangalore, the technology hub of southern India, to address the many challenges to global growth and stability, including stubbornly rising inflation and high and rising debt.

India is hosting the G-20 financial conclave for the first time in 20 years. At the end of the year, the first G-20 summit will be held here. The meetings give the world's second most populous country an opportunity to showcase its growth as an economic hub and its status as a champion of developing countries.

This week's meeting of finance ministers and central bank governors comes just a year after Russia's invasion of Ukraine sent a cascade of shocks to the global economy, including the highest inflation in decades. US Treasury Secretary Janet Yellen is expected to discuss the global economic impact of the war at the G-20 meetings.

India is one of the countries walking a tightrope between the West and Russia, demanding greater global influence but refraining from conflict as its economy benefits from buying Russian crude oil at high prices.

"India is playing an increasing leadership role in the world," Information Minister Anurag Thakur said on Wednesday, echoing Indian Prime Minister Narendra Modi's stance that "there is no war in this day and age. Dialogue and discussion is the only way forward." .

Modi, who will hold more than 200 G-20 meetings in 28 cities in the run-up to the November summit, is expected to use the role to rebuild India's reputation as a leader in the fight against climate change and act as a bridge. between the interests of industrialized countries. and developing countries.

"We don't have the resources that developed countries have, but we have achieved a lot in areas like space and renewable energy with minimal resources," Thakur said.

This is an urgent priority, given the growing importance of developing countries to global growth: the International Monetary Fund estimates that India and China alone will account for more than half of global economic growth this year, with other Asian countries accounting for another quarter. annual growth expansion will be in order. growth rates of 6-7%.

India's economy is expected to grow by 6.1% annually this year, after growing by 6.8% last year, the IMF said in a report on Monday.

"At the macroeconomic level, the strained conditions have eased somewhat, but the inflation rate remains high. In this situation, coordination between major economies is important," senior finance ministry official Ajay said on Tuesday. Seth. , a journalist in Bangalore.

Bangalore is the startup and technology hub of India. Originally known as an outsourcing hub, it is now known for its entrepreneurs and IT companies. But the city suffered from poor planning. Last year, it was hit by severe flooding that caused $30 million in damage, partly due to global warming.

Improving urban infrastructure will be the focus of discussions in India this week, the first of four meetings of G-20 finance ministers.

The G-20 includes the world's largest economies and has a rotating presidency. Indonesia hosted it last year, and Brazil and South Africa will follow in 2025.

In countries such as India, this is seen as a counterweight to the rally of richer economies such as the G7.

During the meetings in Bangalore, officials will discuss a range of climate finance issues, reach consensus on digital currency regulation, global tax issues and other financial priorities.

Yellen and other officials said they would also discuss the risks of a heavy debt burden for many countries after a costly effort to mitigate the worst effects of the COVID-19 pandemic. These problems have been exacerbated as countries' import bills have risen due to persistently high food, oil and fertilizer prices and weakening currencies.

Yellen visited Zambia in January to discuss the African country's $6 billion debt to China, its largest creditor. Zambia became the first sovereign country in Africa to default on a $42.5 million bond in November 2020 amid the coronavirus pandemic.

But many other countries have seen their financial situation deteriorate in recent years, including India's neighbor Sri Lanka and other Asian countries.

"Several countries are facing huge debt problems. Finding permanent solutions will draw attention in the discussions,” said Seth, a finance ministry official.

A senior Treasury official, who spoke on condition of anonymity to discuss Yellen's travel plans, said he plans to urge G-20 countries to cut carbon emissions and invest more in renewable energy, infrastructure and agriculture.

At the United Nations climate conference last November, India, the world's third-largest emitter of greenhouse gases, proposed a phase-out of all fossil fuels and repeatedly stressed the need to restructure global climate finance.

The G-20's long-term priorities, including building stronger health systems, promoting sustainable energy use and helping countries improve their productivity, are often overshadowed by more pressing issues such as slowing global growth, debt crises and conflicts such as the war in Ukraine . .

The war and the pandemic have exacerbated disruptions to energy, shipping and food security, complicating efforts to stabilize the global economy after the pandemic.

Another priority in Bangalore will be monetary policy coordination as central banks decide whether to keep raising interest rates or scale back efforts to curb inflation.

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Kurtenbach contributed from Bangkok.

Associated Press reporters Krutika Patti in India and Fatima Hussain in Washington contributed to this report.

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Follow Sibi Arasa on Twitter at @sibi123

G20 ministers call for wider dialogue on trade tensions

While CFOs face relatively new challenges and responsibilities in the 2020s, from corporate sustainability to digital transformation, they need to learn a deeper and broader truth: The expectations of CFOs have risen almost beyond recognition over the past few decades, requiring a change in mindset. not just new skills. I recently spoke with Robert Bendetti, CFO of Lifecycle Engineering and founder of the Global Finance Council, which helps CFOs share knowledge on how to approach and excel in their jobs in the ^21st century.

Jeff Thompson. As the CFO of Life Cycle Engineering, you will be responsible for all of the company's financial operations, including accounting, finance, contracts, purchasing, security, equipment, process automation, and IT. The CFO is expected to play at least some role in all of these areas, but this requires adaptation and development of the skills of more traditional financial leaders. How do you see the CFO role evolving and diversifying throughout your career, and how are you changing with it? What lessons do you have for other CFOs?

Robert Bendetti. When I graduated, the CFO role was all about transactions and background. Now the CFO role is focused on transformation and the future. We are the main future officers. To be successful in the future, CFOs must be experts in change management. Certifications such as CMA [Certified Management Accountant] and Lean Six Sigma training can help you become more efficient and accelerate your career. But to significantly increase the effectiveness of your change management projects, you need to master the human side of change.

I have had success using Proschi's ADKAR model to manage the human side of change. ADKAR stands for awareness, desire, knowledge, ability and empowerment;

A – Awareness of the need for change.

D – Willingness to participate and support change.

K – Knowledge of change.

A – Ability to practice desired skills and behaviors.

R – Reinforcement to support change.

We need to support the people in the organization as they transition from the current state to the future and understand what it takes to get each person to embrace and embrace change. In this way, organizations can significantly increase the chances of project success and the return on their investment in the project.

Thomas: Process automation and IT are of particular importance to finance, given the trend towards automation of low-level finance tasks and the growing importance of understanding technology issues for finance managers. What technology areas are of greatest interest to future finance and accounting professionals? How should accounting programs and departments better prepare their employees for these technological trends?

Bendetti All businesses are going digital, and CFOs must stay at the forefront of technology. Two areas that I am personally interested in are data analytics and process automation. I'm still in the early stages of becoming an advanced user of tools like Power BI, Tableau, and Amazon QuickSight. But I'm really amazed at the power of these tools to analyze, visualize, extract and share results to manage results in real time.

I am also fascinated by process automation and its impact over the past 20 years. The commercial area (accounting, human resources, purchasing, etc.) was barely recognizable from the start. Process automation, robotic process automation, artificial intelligence and machine learning are revolutionizing business. But it is important to remember Peter Drucker's famous saying: "There is nothing more useless than doing effectively what should not be done at all." Don't use RPA to automate tasks that shouldn't be done. Use Lean Six Sigma principles to reduce waste and variance; then automate what's left.

Thomas: With so many changes and disruptions, it's more important than ever that CFOs work together to share ideas and experiences. That is why you are not only the CFO of Life Cycle Engineering, but also the founder of the Global Finance Council. What made you return to the financial profession? What are the benefits of networking and information sharing for CFOs?

Bendetti Global Finance Council is an educational and networking forum for financial leaders. The purpose of the Global Board of Financial Directors is to provide an educational and networking forum for Senior Financial Officers (SFEs) to share best practices, discuss current finance issues and learn about current challenges in doing their jobs. He is a member of the Board of Global Financial Directors [SFE], including the Chief Financial Officer, Comptroller, Vice President of Finance and Treasurer. I started a few years ago and now we have 1500 members in 30 countries.

I consider myself a lifelong student. I like learning new things and meeting new people. In-person and virtual meetings allow me to connect and learn from industry experts. Mahatma Gandhi said that "the best way to find yourself is to lose yourself in the service of others." This is a small way to serve the financial community.

CFO Success Secrets

© Getty How long will it take you to finance a car?

Auto financing isn't getting any cheaper. With average payments of more than $500 a month, even for used cars, it's no wonder most borrowers stay on the loan for more than 60 months.

As car prices continue to rise along with other costs, many buyers are finding it increasingly difficult to pay off a 60-month car loan at once. Since 2020, the number of borrowers who have received loans for 60 months has decreased by almost 6%, while the number of borrowers who have received loans for more than 73 months has increased by almost 11% in the same period.

Even though you can finance a car for nearly ten years, that doesn't always mean you should. Here's what auto loan terms mean for you and your credit term.

How to finance a car?

If you don't have enough money to buy a car, which most people don't, you can get a car loan. If you go this route, the lender pays the seller for the value of the car and you pay the lender each month until the loan is paid off.

When you apply for a car loan, loan eligibility depends on factors such as your credit score, your debt-to-income ratio (DTI) and the amount you're borrowing. Once approved, your monthly payment will never change; A portion of each payment goes toward interest, and the rest goes toward principal (the original amount you borrowed). The loan amount you receive may be less than the value of the car you are financing.

How long can you finance a car for?

You can finance your car from a few months to 84 months or more than seven years. The most common term is 72 months or six years, followed by 84 months.

The longer the term, the lower the monthly payments, but the higher the overall interest rate. On the other hand, shorter terms mean higher monthly payments, but you pay off the car faster and pay less interest.

In most cases, you can finance the car for as long as you need, as long as your lender and the seller agree on the terms. Say more if you have excellent credit and a proven history of on-time payments and reliable income. If you have bad credit and low income, you may not carry as much weight in car buying negotiations.

Advantages and disadvantages of long term car loans

Be sure to weigh all the pros and cons of a long-term car loan before applying.

Advantages of long term car loan

• Low monthly payments: For borrowers who don't have a large monthly car payment budget, longer terms may be the cheapest option.
• Reduced risk of default: The cheaper your car payment, the less likely you are to miss a payment. If you fall behind on a payment, your car can be repossessed and your credit score can be severely damaged, reducing your chances of getting a loan in the future. Paying on time plays an important role in a high credit score.

Disadvantages of long term car loan

• Higher interest rates: Longer term auto loans usually have higher interest rates. You'll also pay more interest over the life of the loan because you owe more.
• Lower costs: Because longer loan terms cost more, by the time you pay off the car, you may have paid more than it was worth. You also need more time to build equity in your car, so if you want to resell the car before paying off the debt, you could end up losing money.

What do you need to finance a car?

When preparing to finance a car, keep the following details in mind:

• income Lenders want to see that you can afford the monthly loan payment. You may need to provide proof of income from your main job, side business and any assistance you receive from the government.
• Deposit When you sell your car, you can use it as a down payment on a new car. Otherwise, you may need to set aside a savings fund first. The higher the down payment, the less you have to borrow. In some cases, you don't need to buy a car, but it can increase your chances of getting a permit.
• Strong credit rating. The higher the credit rating, the lower the interest rate. Paying off your debt and keeping your DTI ratio low can improve your chances of getting higher rates. If you don't have good credit, consider applying with good or excellent credit.
• Rate your purchases. You don't have to rate the store, but it's a good idea. Compare multiple auto lenders to get the best rate for your situation. If you have the time and resources, you can get pre-approved by your bank or credit union instead of getting financing through a dealership.

Short-term or long-term car loan: which is better?

The best loan terms are those that suit your specific needs. When considering your options, use our car loan calculator to estimate what you can afford.

For example, suppose you borrowed $25,000 to buy a car at an interest rate of 4.99%. This is how much you will pay in interest depending on the terms of the loan.

If you can pay off the loan faster with a larger monthly payment, you should choose the shortest terms possible. But if you risk paying late, more responsible terms.

How to get a $48,000 car loan?

• Chancellor of the Exchequer Jeremy Hunt said on Friday he would push for higher taxes and called for Brexit to be a "catalyst" for UK economic growth.
• The UK has appealed to global tech companies for help to make it the 'next Silicon Valley of the world'.
• Hunt's speech comes as UK inflation recently hit 10.5% in December, beating the Bank of England's 2% target.

© CNBC Contributor Jeremy Hunt gave a speech on Friday outlining the UK's economic growth plans.

LONDON – British Chancellor Jeremy Hunt said on Friday he would push for higher taxes, stressing the importance of making Brexit "mandatory" for UK growth.

"The best tax cut is to reduce inflation," Hunt said in a speech to tech giants including Amazon, Google and Methane as he sought to lift the UK economy out of the "gloom".

There has not been "enough" optimism in the UK economy in recent months, Hunt said.

Hunt told the companies they were important to the UK's prospects but that "the UK is very important to your future" and asked them to help make the country "the next Silicon Valley of the world".

The Minister of Finance emphasized making the United Kingdom a place where companies can do business.

He insisted the UK should have "nothing less than the most competitive tax regime of any major country", despite a proposed rise in corporation tax from 19% to 25% after it was scrapped by former finance minister Kwasi Kwarteng.

Susan Streeter, senior investment and market analyst at Hargreaves Lansdowne, said Hunt's recent comments were more about improving the picture of UK economic conditions than introducing new policies.

“Jeremy Hunt is committed to rebuilding the UK economy, from the firefighter to the construction worker. But there are no ready-made concrete solutions to the problems plaguing the UK,” Streeter wrote in an analyst note.

Details are "very lacking," he added, adding that "the architects of this plan don't know exactly how it's going to be paid for."

The pound fell 0.25% to $1.237 against the dollar after the speech. Hunt has made up some of his losses since entering the competition, but Thursday he was just shy of the six-week mark.

Hunt's speech comes as UK inflation recently hit 10.5% in December, beating the Bank of England's 2% target. The bank will then meet on February 2 to decide on monetary policy.

Concerns about the US deflationary law

Jeremy Hunt said the UK government had some concerns about the US anti-inflation law during a question-and-answer session after his speech on Friday.

The controversial Repeal Act is a landmark climate and tax deal that will bring billions of dollars to climate change programs and accelerate America's transition to zero carbon.

"We believe in free trade and we believe that if we want to achieve the all-important net zero, we will be more effective if we remove our American competitive advantage," Hunt said on January 19, citing concerns raised by EU Trade. Commissioner Valdis Dombrovskis said the measures would "discriminate against EU trade".

“Are we worried about the long-term future of our clean energy industry? Absolutely not,” Hunt added.

Hunt's comments echo those of his German counterpart, Christian Linder, who told CNBC in November that he was "concerned about the implications of the deflation rule."

"Our overall approach must be to ensure that valued partners remain preferred business partners," he said.

Questions to the Prime Minister (PF) – 25 January 2023

• George Santos made major revisions to his campaign finances on Tuesday, according to The Daily Beast.
• Redacted documents show that a $500,000 "personal" loan for his 2022 campaign was not personally financed.
• Experts say the tampered files add to the mystery of Santos' dubious balance sheets.

Rep. Jorge Santos' political process made significant changes to his 2022 campaign documents on Tuesday, The Daily Beast reported, revealing that a $500,000 "personal" loan he made to his campaign in March did not come from his own money not.

The initial deposit showed that the "candidate's personal funds" box was checked when the campaign Mega Loan was entered, while the amended deposit left the box blank.

The revised deposit does not indicate the source of the funds, or if there are guarantees for the loan, much of the entry is left blank.

Another filing filed Tuesday revealed that none of the $125,000 loan the candidate made to the Santos campaign in October came from his personal funds.

Ever since Santos was criticized in the media for lying about key elements of his life, there have been questions about the six-figure sum he said he lent to his campaign.

He donated $705,000 of his own money to his last successful 2022 campaign, far more than the $55,000 he reportedly received when he ran for Congress in 2020.

Brendan Fisher, deputy executive director for government oversight and campaign finance expert, told The Beast the amended documents do little to resolve unanswered questions about funding.

"If the candidate's loan did not come from the candidate, Santos should have explained where the money actually came from," Fisher told The Beast.

"Santos cannot untick the box and get rid of his legal problems," he added.

Campaign finance experts told The New York Times that the redacted documents only add to the opacity of Santos' financial information.

"I've never been more confused about reviewing an FEC filing," Jordan Liebowitz, a spokesman for Citizens for Responsibility and Ethics in Washington, told the Times in an interview.

Brett J. Capel, an election finance and ethics attorney, told the Times that the tampered files raise the possibility of lawlessness.

"If the candidate's personal wealth was not the source of the loan, what was?" He said "The only other source is the bank, and they will require collateral for a loan of this size. If the bank is not the source of the funds, the only alternatives are illegal sources."

In a WBAC radio interview last month, Santos insisted the campaign contributions were legal.

He said he paid the money himself through his company, the Devolder organisation, and told Semaphore he did "specialist advice" for "highly advantaged individuals".

Appearing on the conservative "Bannon's War Room" podcast earlier this month, Santos avoided describing the source of the loans, telling Rep. Matt Gaetz said: "I will tell you where they do not come from. Are they from China or China. Ukraine or Burisma ".

The Daily Beast's report led Democratic Representatives Richie Torres and Ted Liu to call for Santos' resignation or impeachment, with the latter accusing the Republican representative of a crime.

Earlier this month, Rep. James Comer, the new chairman of the House Oversight and Accountability Committee, said Santos would be expelled from Congress if he was found to have violated campaign finance laws.

Santos' finances and schemes are now being investigated by federal prosecutors in New York state and Brazil.

Santos did not immediately respond to Insider's request for comment.

The upcoming 2023 federal budget will be a key way to determine whether the NDP's confidence and supply deal with the Liberals has been a success or a failure, according to the party's tax critic.

"I think the budget will show whether we're on a good pace or not," NDP MP Danielle Blakey told the CBC. "It's going to be a very interesting few months here on the Hill … when the budget comes down."

In March 2022, the New Democrats signed an agreement with the governing Liberals to secure the votes needed to pass major legislation if the Liberals agreed to advance some of the MDP's priorities. That deal will be a big talking point as Blakey and his 24 NDP colleagues attend a rally on Parliament Hill starting Wednesday.

New Democratic Party leader Jagmeet Singh will kick off the morning with a press conference. He promises to address issues such as health care and the inflation crisis. The rest of the meeting will be closed.

In closed sessions, Blakey will update his colleagues on ongoing discussions with the federal government as part of a bipartisan group of policymakers and staff formed after the signing of the agreement to discuss progress on key commitments and priorities. .

Expansion of the pharmacy and dentistry plan on the MDP radar

Although many of these priorities do not have deadlines, some do.

For example, 2023 was supposed to be the year the Liberals passed the Canada Medicines Act, and then a procurement plan and a national formulary or essential drug list would follow until the OK expires.

In 2022, dental coverage was expanded to include children up to age 12 in families earning less than $90,000. Expanding dental coverage for middle-income families to 18-year-olds, seniors and people with disabilities would take another step this year under the deal.

"We hope to see that in early 2024," Blakey said.

© Sean Kilpatrick/The Canadian Press NDP funding critic Danielle Blakey is part of a panel discussion about the Liberals' Supply and Confidence Agreement and the NDP's key commitments and priorities.

The New Democrats will scrutinize Finance Minister Chrystia Freeland's spring budget to see if the Liberals are serious about sticking to the rest of the deal, according to the finance critic.

Blakey noted that since most budget preparations are done months in advance, the 2022 budget was largely developed before the confidence and supply agreement was signed. That's why he says the next budget will "say a lot" about what the NDP-Liberal deal looks like.

"It will be an important moment of reflection for our team as we think about next year and whether the government is doing a good enough job."

PKD will protect the public health system

Along with promoting various aspects of the deal, Blakey said the New Democrats will push the Liberals to fix the health care system.

He said Canadians "are seeing their health care system fail at a time when they need it most."

Ontario's Progressive Conservative government announced plans Monday to increase the number and choice of surgeries offered at not-for-profit clinics across the province.

After the announcement, Prime Minister Justin Trudeau said he was open to "providing better health services for Canadians."

Meanwhile, Ontario and the federal New Democrats have left no doubt about the party's stance on a private system on public funds, saying parallel systems would create competition for scarce human resources.

"The ADP government is going to go against the provinces on private deliveries and we're watching that closely," Blakey said.

"We are unequivocal in our message to government that protecting public service offerings must be a priority for the federal government."

Blakey called on the federal government to use the "leverage" at its disposal to find solutions against conservative provincial governments that may target private health facilities.

A health workforce strategy is needed. Work group

What Canada needs is a national strategy for health workers, according to the country's largest labor organization with close ties to the PHD.

Bea Bruske, president of the Canadian Labor Congress, said the strategy would help Canadian governments recruit, train and retain health workers.

"Our public system is in trouble and we are calling on all levels of government to work together to ensure that Canadians across this country have strong public health care," said Brusk, who will also addresses the NDP caucus on Wednesday. . .

French federal leaders debate 2019 (English translation) Part 1