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State finance outlook improves

By ANDREW GOMES Honolulu Star-Advertiser A state panel has mildly downgraded its forecast for Hawaii general fund revenue growth next fiscal year, but also improved its outlook for the currentfiscal year that results in an overall net benefit. The changes were made Thursday by the Council on Revenues just as Gov. Josh Green announced he had signed a bill to mostly maintain state income tax cuts over the next five years. Those income tax cutswere largely baked into the council’s prior…Read more

Tulsi Gabbard resigns as the director of national intelligence

By DUSTIN VOLZ and JULIAN E. BARNES NYTimes News Service WASHINGTON – Tulsi Gabbard, the director of national intelligence and an advocate of a more restrained foreign policy, submitted a letter of resignationto President Donald Trump on Friday, saying that she was stepping away to support her husband after he recently was diagnosed with a rare form of bone cancer. The departure will bring an end to Gabbard’s rocky tenure overseeing the 18 U.S. intelligence agencies, during which she…Read more

Warsh takes charge of a Fed facing a rising inflation threat

By COLBY SMITH NYTimes News Service When President Donald Trump tapped Kevin Warsh in January to become the next chair of the Federal Reserve, the policy debate centered on when, not whether, interest rates would fall. Four months later, the economic challenges Warsh inherits after being sworn in Friday have all but eviscerated expectations of any immediate decrease in borrowing costs. Inflation is rising again, and the war with Iran has raised concerns that surging commodity prices could…Read more

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