Hosting: New Orleans has been selected as the host city for the 2022 men’s college basketball Final Four, the NCAA announced today. The Associated Press reports the decision means New Orleans is set to host college basketball’s men’s semifinals and championship game for the sixth time—each time in the Superdome. Dan Gavitt, NCAA vice president for men’s basketball championships, says the NCAA also was eager to grant the 2022 event to New Orleans because it comes on the 40th anniversary of the 1982 Final Four, which was held in New Orleans. The city last hosted the Final Four in 2012. Read the full story.
Job offer: A senior person on President-elect Donald Trump’s transition team contacted JPMorgan Chase CEO Jamie Dimon to see if he would be interested in being U.S. Treasury secretary, a person familiar with the matter tells Reuters. It is unclear how Dimon responded, says the person, who was not authorized to speak publicly. Dimon has said multiple times in the past that he is not interested in the job. JPMorgan spokesman Andrew Gray declined to comment. Read the full story.
In debt: The federal government began its fiscal year with a deficit of $44.2 billion in October, a decrease from a year ago because the month started on a weekend. The Associated Press reports that tax receipts collected by the government rose 5% from October 2015 to $222 billion last month. The Treasury Department says expenditures by the government fell 24% from the same period to $266 billion, with the decrease largely coming from smaller Medicare and Veterans Affairs payments. Those particular outlays went out in September because Oct. 1 fell on a Saturday this year. The budget deficit is estimated to total $600 billion in fiscal 2017. That would be up slightly from $587.3 billion last fiscal year, which ended in September. The federal government has run a deficit every October since 1955.
