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Tag: Mitch Daniels

  • Mitch Daniels Fast Facts | CNN Politics

    Mitch Daniels Fast Facts | CNN Politics

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    Here’s a look at the life of Mitch Daniels, former governor of Indiana.

    Birth date: April 7, 1949

    Birth place: Monongahela, Pennsylvania

    Birth name: Mitchell Elias Daniels Jr.

    Father: Mitchell Daniels Sr., drug company salesman

    Mother: Dorothy Mae (Wilkes) Daniels

    Marriage: Cheri (Herman) Daniels (1997-present and May 20, 1978-1994, divorced)

    Children: Margaret, Meredith, Melissa and Meagan

    Education: Princeton University, B.A., 1971; Georgetown University, J.D., 1979

    Religion: Presbyterian

    Daniels is a motorcycle enthusiast and rides a Harley Davidson.

    Daniels has worked in the presidential administrations of Ronald Reagan and George W. Bush.

    He is known for being fiscally responsible, balancing Indiana’s budget in his first term as governor, cutting expenditures wherever possible and having a surplus over multiple years.

    1971-1976 – Serves as aide and later adviser to Indianapolis Mayor Richard Lugar.

    1977-1983 – Serves as chief of staff to Senator Lugar (R-Indiana).

    1983-1984 – Executive Director of the National Republican Senatorial Committee (NRSC).

    1985-1987 – Serves as senior adviser to President Reagan.

    1987-1990 – Chief Executive Officer, Hudson Institute.

    1990-2001 – Executive at Eli Lilly.

    2001-2003 – Director of the Office of Management and Budget (OMB).

    2004 – Is elected the 49th governor of Indiana.

    January 10, 2005-January 14, 2013 – Two-term Republican governor of Indiana.

    May 22, 2011 – Announces he will not be running for president in 2012.

    June 21, 2012 – Purdue University announces Daniels has been unanimously elected to be the school’s next president. His term begins on January 15, 2013.

    January 27, 2015 – Daniels writes a Wall Street Journal opinion piece, “How Student Debt Harms the Economy.” He writes that there is “evidence that it’s not just consumer spending that these debts are denting, but also economic dynamism.”

    November 28, 2016 – Is elected as a member of the Board of Directors for Norfolk Southern Corporation.

    June 10, 2022 – Purdue announces that Dr. Mung Chiang will replace Daniels as president of Purdue University on January 1, 2023.

    January 31, 2023 – In a statement, Daniels says he has decided against a 2024 Indiana Senate bid.

    March 28, 2023 – The Liberty Fund announces that Daniels will join the private educational foundation as a distinguished scholar and senior adviser, beginning on April 1.

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  • St. Louis Fed president Jim Bullard, one of the central bank’s most hawkish members, stepping down

    St. Louis Fed president Jim Bullard, one of the central bank’s most hawkish members, stepping down

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    St. Louis Federal Reserve Bank President James Bullard, one of the most hawkish members of the central bank since it started it aggressive rate-hiking campaign, is stepping down.

    Bullard is leaving his position as president and CEO of the St. Louis Fed to become the inaugural dean of the Mitchell E. Daniels Jr. School of Business at Purdue University next month, the bank announced Thursday.

    While he’ll be available in an “advisory capacity” to the Fed until Aug. 14, Bullard has recused himself from his role on the central bank’s committee that determines the direction of interest rates and other monetary policy.

    Illinois State Police say a Greyhound passenger bus crashed into three tractor-trailers parked along a highway rest area exit in southern Illinois, killing three people and injuring 14 others, some seriously.

    A no trespassing sign hangs on a fence around the West Lake Landfill Superfund site on Friday, April 21, 2023, in Bridgeton, Mo. Federal officials plan to remove some of the hazardous leached barium sulfate that is at the landfill and cap the rest. (AP Photo/Jeff Roberson)

    The St. Louis region has been struggling with nuclear waste since uranium was first processed at a plant near downtown starting in the early 1940s.

    Susie Gaffney poses for a photo along Coldwater Creek near where she used to live Friday, April 7, 2023, in Florissant, Mo. The creek was contaminated when nuclear waste from the Manhattan Project flowed into the waterway past homes, schools and businesses. St. Louis played an important role in the country’s effort to build the first nuclear weapon. (AP Photo/Jeff Roberson)

    Newly public documents are showing how America’s push for the atomic bomb helped saddle St. Louis with an enduring radioactive waste problem. St.

    This photo provided by the National Archives and Records Administration shows the damaged sixth floor and roof of the Military Personnel Records Center in Overland, Mo., near St. Louis, after a massive fire that started on July 12, 1973. (National Archives via AP)

    Fifty years ago, millions of files were destroyed in a huge fire at the Military Personnel Records Center in suburban St. Louis.

    “It has been both a privilege and an honor to be part of the St. Louis Fed for the last 33 years, including serving as its president for the last 15 years,” Bullard said in a statement. “This is an outstanding organization with staff in every area of the Bank bringing their passion, integrity and a deep sense of purpose to our mission of promoting a healthy economy and financial stability.”

    Bullard has been among the Fed policymakers who’ve taken an aggressive stance toward interest rate increases as the central bank took on the task of reducing the hottest inflation in four decades.

    Beginning with its first hike in March 2022, the Fed lifted its benchmark interest rate to about 5.1%, its highest level in 16 years, before forgoing a hike at its meeting of policymakers last month.

    On Wednesday, the U.S. government reported that inflation at the consumer level rose 3% in June from a year earlier, marking its lowest point since early 2021, though it remains above the Fed’s 2% target.

    Kathleen O’Neill Paese, vice president and chief operating officer of the St. Louis Fed, has taken over Bullard’s post on an interim basis while the bank’s board searches for a permanent successor.

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