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Secret Service Reportedly Going Broke Protecting Trump Family

August 22, 2017 Tyler Durden 0

The Secret Service is going broke trying to protect President Donald Trump and his family, according to an exclusive report by USA Today. After Trump released his first budget outline, mainstream media outlets seized the opportunity to attack the president by reporting on the exorbitant cost of protecting First Lady Melania Trump, and son Barron Trump, who had remained behind at the Trumps’ suite in Trump Tower after the president moved to the White House so Barron could finish the school year.  

In an interview with USA Today, Secret Service Director Randolph “Tex” Alles said more than 1,000 agents have already hit the federally mandated caps for salary and overtime allowances that were meant to last the entire year.

Randolph “Tex” Alles

Here’s USA Today with more:

“The agency has faced a crushing workload since the height of the contentious election season, and it has not relented in the first seven months of the administration. “The president has a large family, and our responsibility is required in law,” Alles said. “I can’t change that. I have no flexibility.”

 

“The president has a large family, and our responsibility is required in law,” Alles said. “I can’t change that. I have no flexibility.”

According to USA Today, 42 people have secret service protection under Trump, a number that includes 18 members of his family. That’s up from 31 during the Obama administration.

The Secret Service said Monday it has enough money to protect President Trump through September, even as the agency acknowledged it’s running up against its spending limit for agents protecting the president and his family.
Since Trump took office, the Secret Service has spent more than $6.6 million to protect Trump’s Mar-a-Lago resort in Florida, and each weekend trip there costs an additional $1 million. To cover these costs, the agency has asked Congress to increase its $60 million budget, and allow it to exceed overtime caps for certain employees.

However, in a statement published in response to the USA Today report, the agency assured its employees, and the public, that it will be able to fully compensate employees for overtime, according to the Hill.

“The Secret Service has the funding it needs to meet all current mission requirements for the remainder of the fiscal year and compensate employees for overtime within statutory pay caps,” agency director Randolph “Tex” Alles said in a statement.”

The current fiscal year ends Sept. 30.
 

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Mnuchin Visits Fort Knox, Says “Gold Is Safe”

August 22, 2017 Tyler Durden 0

Treasury Secretary Steven Mnuchin had a busy day today: shortly after warning once again that a US debt ceiling deal has to be done by late September or else the country would run out of cash and suffer a technical default, roughly around the time he hinted that Trump may keep carried interest tax breaks for some firms that create jobs (while eliminating it for hedge fund managers), the former hedge fund manager and Hollywood producer paid a rare official visit to Fort Knox to check out the nation’s gold stash on Monday, while – as Bloomberg put it – keeping an open mind for future film projects.

“I assume the gold is still there,” Mnuchin told an audience in Louisville, Kentucky some 40 miles north of the biggest U.S. Bullion Depository (except of course for the foreign gold stash at the NY Fed). “It would really be quite a movie if we walked in and there was no gold.” It’s unclear if Mnuchin was envisioning a comedy or a drama.

After the visit, Mnuchin who was the first US Treasury Secretary to visit Fort Knox in nearly 70 years, playfullyreassured Americans the treasure was still secure.

“Glad gold is safe!” he wrote in a post on Twitter.

Thanks to @usmint staff for hosting at #FortKnox #USBD. First @USTreasury Secretary to visit since John Snyder in 1948. Glad gold is safe!

— Steven Mnuchin (@stevenmnuchin1) August 21, 2017

Mnuchin, whose action-film credits include ‘‘Mad Max: Fury Road,” “The Lego Batman Movie” and “Suicide Squad,” according to Bloomberg, said that he would be only the third secretary of the Treasury to go inside the vault since it was created in 1936 by President Franklin Delano Roosevelt.

“We have approximately $200 billion of gold at Fort Knox,” said Mnuchin. “The last time anybody went in to see the gold, other than the Fort Knox people, was in 1974 when there was a congressional visit. And the last time it was counted was actually in 1953.

Which is why the American public is so lucky it can take the word of a former Goldman partner without any trace of doubt… 

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