NASA’s VERITAS Mission would be resumed in 2031, according to information from the agency, which has just received adequate funds for the project.

The mission was launched in 2021 together with DAVINCI “to explore the second planet from the Sun like never before. “VERITAS’ task was to produce new maps of the surface of Venus and DAVINCI had the task of performing atmospheric science in light of the debate over whether Venus’ atmosphere would allow habitability.”

They faced serious budget and staffing problems on the NASA jet, but now VERITAS will be reactivated. The relaunch was expected to occur in 2027, but was again postponed due to budget cut issues for 2024.

However, the US agency has just announced that it already has the money necessary to resurrect the VERITAS mission and its launch is scheduled for 2031. NASA would have received USD 24,875 million for its 2024 budget.

Thus, the agency would relaunch the VERITAS mission in 2031 with the purpose of mapping “high-resolution radar maps of the surface of the planet Venus.”

M.Pino

Source: 20minutos

(Reference image source: Brian McGowan in Unsplash)

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The U.S. Senate, on January 18, voted in favor of a bill that prevents a partial shutdown of the government, while maintaining the funding of federal agencies. This step advances the approval of an interim financing measure, which is expected to be ratified by the House of Representatives shortly.

Faced with the risk of running out of funds for many departments just after 11:59 p.m. on January 19, the Democratic-led Senate passed this legislation that ensures operations until at least March 1. The House of Representatives must now vote on the same bill and, if passed, it will be sent to President Joe Biden for signature by midnight Friday, thus avoiding technical layoffs for thousands of employees, including air traffic controllers.

The U.S. Congress faces pressure to avoid the notorious partial government “shutdown,” especially considering an impending snowstorm in Washington and the cancellation of votes scheduled for Friday in the House of Representatives.

This funding law will allow the government to continue its state spending until early March, providing time for Congress to agree on a broader budget and spending details. The current situation underscores the recurrent dysfunction of Congress in approving a budget for the fiscal year, which has already been underway for four months, often resorting to temporary measures to avoid a budgetary paralysis.

Negotiations for this bill, voted on Thursday, were marked by tensions between Republicans, a majority in the House, and Democrats, a majority in the Senate. Republican members of the ultra-conservative wing of the House of Representatives are expected to vote against this interim measure, though Democratic support is expected to secure its passage.

The main disagreement between the two parties is over spending allocations.

K. Tovar

Source: El País

(Reference image source: X, @vozdeltuit)

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La entrada U.S. Senate approved funding to prevent government shutdown apareció primero en Bitfinance.

Gabriel Yorio, Undersecretary of Finance and Public Credit of the Government of Mexico, assured that Mexico will maintain one of the lowest levels of debt in relation to its Gross Domestic Product (GDP) in Latin America, despite the budget deficit expected for 2024.

During an appearance with deputies, Yorio stated that “the Economic Program 2024 will continue to distinguish Mexico as one of the countries with the lowest levels of debt in relation to GDP, well below the alert thresholds established by rating agencies and international financial organizations. “

These statements come just before the lower house of Congress votes on the 2024 Economic Package Revenue Law, which contains fiscal policy and revenue estimates for the Government of Mexico next year. The deadline for this vote is October 20, while the Senate will do so 11 days later.

Despite criticism from the opposition due to the budget deficit of 5.4 %, the highest in three decades, the Undersecretary of the Treasury defended responsibility in debt management, keeping it at a stable and sustainable level that does not exceed 50 %. of GDP, which is “well below the global alert thresholds.”

The Government of Mexico expects to close the six-year term in 2024 with a sustainable debt level of 48.8 %, which would continue to position the country as one of those with the least debt in relation to GDP in Latin America and compared to its peers.

Yorio argued that, despite the deficit, “the country’s fiscal sustainability in the short and medium term will not be compromised.” Therefore, the need to implement new taxes or increase existing ones is not foreseen, since there is still room to increase tax revenues.

The increase in the deficit is attributed to the need to maintain economic momentum in a context of slowing growth in global economies.

The Finance Commission of the Chamber of Deputies of Mexico plans to discuss and approve the Income Law no later than Thursday, October 19, and then send it to the Senate, where the same process will follow.

Once approved, the 2024 Income Law will be sent again to the Executive Branch for its official publication and entry into force.

K. Tovar

Source: Bancaynegocios

(Referential image source: @GabrielYorio, social network X)

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La entrada Mexico among Latin countries with the least debt apareció primero en Bitfinance.

The European Parliament announced on Tuesday the approval of the budget for the development of a complex of satellites that will make it possible to combat cyberattacks.

“Safe and protected telecommunications” against cyberattacks is the objective of the body, which approved a budget of 2,400 million euros for this purpose.

The proposal was approved with 603 votes in favor; there were 6 votes against and 39 abstentions. The next step is the formal adoption of the text by the Council of the Parliament.

For this initiative in the technology sector, other aspects of equal importance, such as sustainability and respect for the environment, in addition to the reduction of waste emissions, have been considered.

The European Parliament emphasized the need for greater protection against cyberattacks, particularly for government agencies, which are the focus of attackers.

M.Pino

Source: Forbes.es

(Reference image source: Guillaume Périgois, Unsplash)

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Meta would be preparing a new round of job cuts, according to Financial Times, which points out the delay of the multinational in the preparation of budgets for various teams in this context.

According to two Meta employees familiar with the situation, a lack of clarity about future budgets or headcount would have prevented planning for upcoming workloads, adding that projects and decisions that normally take days to approve now take around a month in some cases, including in priority areas, such as the metaverse and advertising.

In this way, according to three employees consulted by the British newspaper, despite the workforce adjustment last November, more cuts are expected around March, since the company is currently undergoing staff performance reviews.

Marck Zuckerberg, CEO of the company, defined the multinational’s efforts to control its costs during the current year as “the year of efficiency”, after the slowdown in the economy weighed down Meta’s results in 2022.

At the beginning of February, Meta reported that it obtained a net profit of 23,200 million dollars (21,725 ​​million euros) in 2022, which represented a drop of 41 % compared to the result recorded a year earlier, while its annual income added a total of 116,609 million dollars (109,197 million euros), 1.1 percent less than in 2021, which represents the first annual drop in the company’s turnover.

Meta’s chief financial officer, Susan Li, expressed confidence that total revenue for the first quarter of 2023 will be in the range of $26-28.5 billion, while she estimates that total expenses for the full year will be in the range of $89-28.5 billion. 95,000 million dollars (81,609 and 87,110 million euros), compared to the previous perspective of between 94,000 and 100,000 million dollars (86,194 and 91,695 million euros).

Source: dpa

(Reference image source: Dima Solomin, Unsplash)

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FC Barcelona presented the economic closure of last season, with a profit of 98 million euros, and the budget for the 2022/23 season, which foresees 1,255 million, which represents a historical record in turnover for the Barça team.

In a presentation the economic vice president Eduard Romeu detailed the figures of a season marked by “the effort in the recovery of income”. In this way, operating expenses in 2021/22 have been 1,017 million euros, with expenses of 856 million.

The year was marked by the sale of 10% of the television rights derived from the LaLiga matches of the men’s first team. This last point has reported gross income of 266 million euros not initially foreseen in the budget, approved at the Assembly on June 16, 2022.

Without the effect of this extraordinary sale, they have achieved 750 million euros in the rest of the operating income, very close to the budget target and exceeding the result of the previous year by 119 million euros, thanks to the gradual recovery derived from the end of the Covid-19 pandemic.

Among revenues, it is also worth noting that there was a 415 % increase in revenues from the operation of the stadium and the rest of the facilities, which have placed the 2021/22 season on the path of recovering revenues prior to the pandemic (131 million euros), leaving behind a year 2020/21 without an audience.

K. Tovar

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Source: SPORT

La entrada FC Barcelona closed last season in green numbers apareció primero en Bitfinance.

Joe Biden, President of the United States, presented what could be the budget for the fiscal year 2023, where among other things a tax for the rich, and greater spending on defense are included.

In its 277-page proposal, the White House requests that Congress approve a budget of 5.79 billion dollars, compared to 5.85 billion in 2022. In total, the US government wants to allocate 813,000 million dollars to Defense , which represents an increase of 4 percent compared to fiscal year 2022, of which 31,000 million dollars would be for new spending.

The budget calls for a new “minimum billionaire tax“, which not only includes billionaires, but applies to anyone whose fortune exceeds $ 100 million, ensuring that the wealthiest 0.01 % of households pay at least “20 % of their total income in federal income taxes.”

The director of the White House Office of Management and Budget, Shalala Young, also stressed that the proposal shows that the US “is on track to reduce its deficit by more than 1.3 trillion dollars this year”.

Biden acknowledged that “some people don’t like the surge, but we’re in a different world today. America is more prosperous, more successful, and more just when it’s safer.”

K. Tovar

Source: Descifrado

La entrada Biden presented the 2023 US budget apareció primero en Bitfinance.

Joe Biden, president of the United States, praised the approval of the infrastructure law by the Senate, indicating that in a short time he will sign the execution in a formal act where all the legislators, both Democrats and Republicans, who voted in favor of the law will participate.

Biden believes that his country took “a monumental step forward” with the approval of the Act, which is estimated at 1.2 trillion dollars. According to the president, the law will be of great use to the middle class and he recognized that this type of legal norms only occur once per generation.

The infrastructure law will allow the generation of thousands of jobs, helping to reduce inflation in the country, currently at 5.4% considered by analysts to be the highest in the last 13 years.

The rule approved “550,000 million dollars in new spending and is substantially less than the initial package of 2.25 trillion dollars presented by the president in March,” but it is the highest budget dedicated to the infrastructure sector since 2018, when the country It was a victim of the great economic recession.

Upcoming social plan

As it will be recalled, the infrastructure law was approved with 228 votes in favor and 206 against, after various conferences and discussions between different legislators, including those from the Democratic Party, when six of its congressmen “opposed the text, making necessary the support of 13 Republicans.”

The difference between the legislators caused a significant delay in the approval of the law, besides the desire of some “progressive representatives who wanted it to be voted at the same time as Biden’s social plan of 1.75 billion dollars.” However, some negotiations were achieved and the progressive congressmen agreed to pass the law in exchange for “voting before November 15 on Biden’s social spending plan.”

M. Rodríguez

Source: bancaynegocios.com

La entrada Infrastructure Law approved by the United States senate apareció primero en Bitfinance.

The International Monetary Fund (IMF) and Ecuador reached an agreement at the technical staff level on the second and third review of the economic program of the Latin American country within the framework of the Expanded Service (SAF), as reported in a statement.

Once the reviews are completed, Ecuador would have access to financing for some 800 million dollars, which the country’s authorities would use for budgetary needs. Ecuador’s SAF-supported economic program aims to underpin the recovery from the pandemic, restore fiscal sustainability, and generate sustainable growth with high-quality jobs.

The representative of the Fund who headed the agency’s mission in Ecuador, Ceyda Oner, reported that the agreement is subject to the approval of the IMF’s Executive Board in the coming weeks, conditional on the implementation by the authorities of prior actions and compliance of all relevant policies of the Fund.

“The economic program of the authorities supported by the IMF aims to support Ecuador’s recovery from the pandemic, expand social assistance to protect vulnerable families, promote transparent management of public resources, restore fiscal sustainability with equity and promote sustainable growth with high-quality jobs,” said Oner.

K. Tovar

Source: FMI

La entrada Ecuador and the IMF reach an agreement to review the economic program apareció primero en Bitfinance.

The upcoming US budget reconciliation bill could include additional requirements for cryptocurrency companies, following a request from the US Department of the Treasury to extend the scope of new rules designed to protect the market for digital assets.

Roll Call published, that according to an anonymous official in the administration of President Joe Biden, “the administration is looking to add provisions to the budget bill that require US digital asset firms to report their foreign clients.”

The purpose of this possible regulation will be to optimize tax compliance and increase public revenues through the companies in charge of managing the cryptocurrency industry, as was done with the infrastructure bill recently.

According to Roll Call, the official’s account details the procedure to be followed by state institutions, once the US government obtains the information “it would exchange data on the activity related to cryptocurrencies of foreign citizens with respective governments to obtain information on the cryptocurrency operations of US citizens abroad (…). This information would then be used to improve tax compliance.”

Some of the measures recommended by the tax administration improvement firm for the 2022 strategic revenue proposals was to incorporate measures for the regularization and control of the crypto sector in the nation. Another measure would be to try to minimize the gap between what taxpayers pay and what they actually owe the government.

The provisioning measure for the exchange of prospective information is intended to help Democrats with the financing of the budget package, which plans to include massive spending services on health and social welfare.

M. Rodríguez

Source: cointelegraph.com

La entrada Budget bill could include new demands on the crypto market apareció primero en Bitfinance.