House trims IRS budget after scandal
The GOP led House cuts the 2014 IRS budget by 3 billion dollars about 24 percent from March levels and keeps 10 percent of enforcement funds blocked until watchdog recommendations are followed. The move targets the agency amid spending controversies including a 4.1 million conference and a 17 thousand speaker fee.
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Washington
Mixed Budget Deliberations Highlight Senate and House Divide
The piece notes a clash between tax increases and cuts in the 3.5 trillion federal budget. The Senate targets a 1.058 trillion cap, while the House shifts 41 billion from nondefense programs such as NASA and education. A 164 billion Senate measure from Tom Harkin underscores the split.
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Senate
House
NASA
Pentagon
Tom Harkin
Iowa
Kroger to Acquire Harris Teeter for 2.44 Billion
Kroger, the largest traditional grocer, moves to expand in the southeast and mid-Atlantic by buying Harris Teeter Supermarkets Inc for 2.44 billion in cash. Harris Teeter operates 212 stores in eight states including Delaware Florida Maryland and Washington DC. Kroger expects no store closures though FTC review could require some divestitures in overlapping markets.
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Kroger to Keep Harris Teeter Names After Acquisition
Kroger agrees to retain Harris Teeter branding and local store identities after purchasing the chain. The company notes Harris Teeter’s strength in fresh foods and affluence of its neighborhoods, with plans to expand its Fresh Fare concept and online click and collect in many locations.
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Kruger
Whole Foods
Harris Teeter
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