#budget-deficit

[ follow ]
#france
fromwww.aljazeera.com
4 days ago

Russia's funding for Ukraine war set to contract' as new sanctions loom

Years after Putin ordered the full-scale invasion of Ukraine, Russia's financial system is showing signs of vulnerability. Three and a half years of war against Ukraine have weakened Russia's cash reserves, indicators show, possibly signalling that its economic resilience is beginning to fray. Russia experts have told Al Jazeera that the country of 143 million people is now almost wholly dependent on export revenue from oil and gas for its cashflow, and a major round of new sanctions could bring it to the negotiating table.
Miscellaneous
#french-politics
fromAustin Monitor
1 week ago

'We need more time': Austin parents, teachers and staff voice concerns over school closure plan - Austin Monitor

"We've already lived through the painful impact of past closures, consolidations and modernizations, disruptions that left deep scars on our families, students and staff," she said. "Please, do not reassign our students again. Do not implement these boundary changes."
Education
East Bay (California)
fromThe Oaklandside
1 week ago

Oakland school board scrapes together a budget plan

Oakland Unified board approved a budget plan requiring hiring freezes and spending reductions while avoiding school closures, with $100 million in potential 2026-27 adjustments.
fromBusiness Matters
2 weeks ago

Reeves to relax planning laws and target banks with 2bn tax rise in bid to stabilise public finances

Rachel Reeves is poised to unveil a package of planning reforms and tax increases in her first full Budget on 26 November, as the Chancellor faces the daunting task of closing a £30 billion shortfall in the public finances. The Treasury is said to be exploring a range of measures to stimulate growth while raising revenue, including restoring the bank surcharge to 8 per cent-a move expected to generate around £2 billion annually.
UK politics
from24/7 Wall St.
2 weeks ago

From $2.9 billion to $36 Trillion, See Which US Presidents Added The Most To the US Debt

"National debt" is a term thrown around quite frequently during political discussions. This often-staggering figure is the amount of money a country owes its creditors. But what or who constitutes as a creditor to a major nation? These can include institutions both overseas and at home, as well as other foreign countries. Though any sort of debt is generally painted in a negative light, national debt is normal and often goes along with a healthy economy; it can even help stimulate growth.
US politics
#sfmta
fromFortune
3 weeks ago

U.S. gold reserves hit $1 trillion in value after record rally | Fortune

The US Treasury's gold reserves have surpassed $1 trillion in value - more than 90 times what's stated on the government's balance sheet - as the precious metal breaks new all-time highs. The world's biggest gold stash passed the milestone after prices rose above $3,824.50 an ounce on Monday, in a 45% rally this year. Its official value, however, based on the $42.22-an-ounce price set by Congress in 1973, is fixed at just over $11 billion.
US politics
#russia
World news
fromwww.theguardian.com
3 weeks ago

Is Trump right that Russia's economy is on the brink of collapse?

Russia's economy faces severe strain with rising defence spending, shrinking revenues, and growing deficits, forcing difficult trade-offs between military and civilian investments.
#oakland
fromsfist.com
3 weeks ago
California

Oakland Reopens Those Three Fire Stations They Had to Shut Down Because of Their Budget Deficit

fromsfist.com
3 weeks ago
California

Oakland Reopens Those Three Fire Stations They Had to Shut Down Because of Their Budget Deficit

Public health
fromThe Mercury News
4 weeks ago

Berkeley's Homeless Response Team trying to 'keep the lights on' while improving

Berkeley faces major homelessness program funding shortfalls that threaten existing services without at least $9 million in new or reallocated annual revenue.
California
fromSan Jose Spotlight
1 month ago

San Jose reins back plan to put police on horses - San Jose Spotlight

San Jose City Council deferred reinstating the Police Department's Mounted Unit until next year's budget due to a projected $25 million deficit and cost concerns.
fromwww.cbc.ca
1 month ago

U.S. tariffs to lower Ontario's economic growth in coming years: FAO report | CBC News

Ontario's economy is going to continue to slow this year as U.S. tariffs reduce demands for exports and businesses cut back on investments and hiring, a new report estimates. The province's real GDP growth is projected to slow to 0.9 per cent this year and 1.0 per cent next year due to the impact of U.S. tariffs, says the report from the Financial Accountability Office of Ontario (FAO), released Wednesday.
Toronto
fromwww.aljazeera.com
1 month ago

French no-confidence vote: What's next if the government collapses?

PM Bayrou is expected to lose, but a deadlock in parliament means France might struggle to find a replacement who can pass a budget aimed at cutting the deficit. The French government looks set to collapse in a vote of no confidence and tip the eurozone's second biggest economy into a political crisis. Prime Minister Francois Bayrou is expected to be ousted, casting doubt over President Emmanuel Macron's future. Monday's vote hinges on Bayrou's unpopular budget proposal for 2026, designed to slash France's fiscal deficit.
France news
California
fromwww.mercurynews.com
1 month ago

Hayward announces hiring freeze, creates budget war room' after city drains $31 million in reserves

Hayward froze hiring and launched a budget war room to address a structural deficit that drained $31 million and nearly exhausted city reserves.
#tariffs
#france-politics
UK politics
fromwww.theguardian.com
1 month ago

The budget, immigration, Trump's visit: the tests lying in wait for Keir Starmer

Labour faces falling poll support and a widening fiscal shortfall that forces difficult tax trade-offs amid manifesto and fiscal constraints.
France news
fromwww.thelocal.fr
1 month ago

Inside France: Strikes, smelly cheese and the prime minister's big surprise

France faces likely strikes, a nationwide blockade and a probable government collapse in early September, causing widespread disruption ahead of 2027.
fromPortland Mercury
1 month ago

A Month Before Classes Resume, University of Oregon Faculty Brace for More Layoffs

Following staffing cuts in June, another round of layoffs is coming at the University of Oregon, with entire departments potentially on the chopping block as the university seeks to address a projected budget deficit. In a June town hall, University of Oregon (UO) President Karl Scholz announced that the university was facing a significant budget shortfall due to a failure to meet its out-of-state enrollment targets, uncertainty about federal funding levels, and a variety of other costs.
Education
#pleasanton
fromBusiness Matters
2 months ago

UK government borrowing lower than forecast in July as tax receipts rise

Government borrowing came in well below expectations in July, offering some short-term relief to chancellor Rachel Reeves as she prepares her autumn budget. Public sector net borrowing totalled £1.1 billion last month, the Office for National Statistics (ONS) said - less than half the £2.6 billion forecast by economists and below the Office for Budget Responsibility's (OBR) £2.1 billion projection.
UK politics
California
fromABC7 San Francisco
2 months ago

SF students return to school as officials address payroll issue, budget and immigration enforcement

Nearly 50,000 students in San Francisco are back to school with a qualified educator in each classroom, despite ongoing financial and payroll challenges.
fromMission Local
2 months ago

'That's our babies!' Proud parents, rowdy kids at back to school day in S.F.

SFUSD is a sanctuary district, in a sanctuary city, that is within a sanctuary state. We are working very closely with our city leaders... to make sure our students, our families and our educators are safe.
San Francisco
Germany news
fromwww.dw.com
2 months ago

Germany updates: Welfare spending increases in 2024 DW 08/18/2025

Germany's social welfare agencies spent 20.2 billion euros in 2024, marking a 15% increase from the previous year.
#tax-policy
fromPadailypost
2 months ago

Opinion: Public deserves more time to vet new county sales tax

The supervisors are apparently considering a five-eighths of a cent tax, which would raise the countywide sales tax rate to 9.75%.
California
fromAustin Monitor
2 months ago

Council approves maximum tax rate increase in preparation for possible election - Austin Monitor

City Council considered a possible tax rate election to address Austin's $33 million deficit with a proposed budget of $6.3 million. The maximum increase could be 8 cents.
US politics
fromFortune Europe
2 months ago

U.K. borrows billions more than expected as debt costs surge

The UK government borrowing surpassed forecasts in June, with a budget deficit of £20.7 billion driven by a surge in debt-interest payments.
UK news
San Francisco
fromABC7 San Francisco
3 months ago

San Francisco approves plan to start charging for parking at Golden Gate Park

Charging for parking in Golden Gate Park is approved to help the Rec and Parks Department address its budget deficit.
#miami-dade
#trump-administration
fromwww.npr.org
3 months ago
US news

How the megabill will limit health care access. And, plans to ease gun regulations

Trump's megabill passed the Senate by a narrow margin, impacting health coverage and adding to the budget deficit.
fromNew York Post
5 months ago
US politics

House panel votes down Trump's 'ONE, BIG BEAUTIFUL BILL' as he rages against GOP 'GRANDSTANDERS'

President Trump's bill faced significant GOP opposition due to concerns over budget deficits.
US politics
fromNew York Post
5 months ago

House panel votes down Trump's 'ONE, BIG BEAUTIFUL BILL' as he rages against GOP 'GRANDSTANDERS'

President Trump's bill faced significant GOP opposition due to concerns over budget deficits.
Canada news
fromwww.mercurynews.com
3 months ago

Former Hayward city manager resigns, council promotes library director

Ana Alvarez's resignation comes after less than six months in office, amid performance evaluations and a significant budget deficit.
#caltrain
fromSFGATE
5 months ago
Alternative transportation

Caltrain is red-hot with Bay Area riders, but trouble lies ahead

fromSFGATE
5 months ago
Alternative transportation

Caltrain is red-hot with Bay Area riders, but trouble lies ahead

Fundraising
fromwww.mercurynews.com
3 months ago

Antioch council approves budget as city grapples with deficit

Antioch City Council approved a 2025-26 budget amid a $7.7 million deficit, focusing on reducing financial challenges and uncertainties ahead.
from48 hills
4 months ago

The supes will at last have a serious discussion about income inequality and taxing the rich - 48 hills

Income inequality is an existential threat to society, impacting public health, educational outcomes, and housing security. We must address this pressing issue through local taxes.
San Francisco
fromABC7 San Francisco
4 months ago

Berkeley Marina plans to start charging for parking amid budget deficit

"Parking fees at this level don't generate any revenue, especially if you have different rules for each lot," said Kamen.
East Bay (California)
SF parents
fromABC7 San Francisco
4 months ago

What's in store for SF schools amid budget crisis? Superintendent gives insight on district's future

San Francisco schools face a $114 million budget deficit and may consider school closures due to declining enrollment.
fromwww.mediaite.com
4 months ago

Scott Bessent Laughs At Elizabeth Warren's Elon Musk Crack

It is my view that over the 10-year window it will decrease.
US politics
fromThe Oaklandside
4 months ago

Oakland billboard deal could help close the city's budget gap

"I ask you for your full support," Councilmember Noel Gallo said at Tuesday's meeting. "I was here from the very beginning when we brought Becker Boards to Oakland, and I will tell you my experience has been an extremely positive one."
East Bay (California)
Cannabis
fromwww.mercurynews.com
4 months ago

Minnesota's cannabis tax will be one of the highest in the nation

Minnesota has increased its recreational marijuana tax by 50%, preparing the legal market while aiming to address budget deficits.
#portland
#elon-musk
from24/7 Wall St.
4 months ago
US politics

Elon Musk Calls Congressional Spending Bill a 'Disgusting Abomination' - What Does This Mean for Investors?

fromemptywheel
4 months ago
SF politics

One Explanation for Elon Musk's Claimed DOGE Departure that Gossip-Mongers Missed - emptywheel

from24/7 Wall St.
4 months ago
US politics

Elon Musk Calls Congressional Spending Bill a 'Disgusting Abomination' - What Does This Mean for Investors?

Cryptocurrency
fromBusiness Insider
4 months ago

Elon Musk says he didn't always agree with everything the Trump administration did

Elon Musk is leaving the Trump administration due to differences in opinion, particularly regarding fiscal policies.
fromemptywheel
4 months ago
SF politics

One Explanation for Elon Musk's Claimed DOGE Departure that Gossip-Mongers Missed - emptywheel

fromwww.mercurynews.com
4 months ago

Morgan Hill budget shows millions in shortfall for the city

We have to take this very, very seriously, said Councilmember Marilyn Librers, who recalled that in the late 90s, tight budgets forced the city to shut down several programs and services. This polarized the community and impacted public trust. Tackling this issue now is critical to ensure we don't repeat that history.
NYC politics
#berkeley-unified-school-district
US politics
fromFuturism
4 months ago

Trump Responds to Elon Musk's Attack

Trump reacts to Musk's criticism of the spending bill, indicating mixed feelings and the necessity of bipartisan support.
fromwww.mediaite.com
4 months ago

Elon Musk's AI Bot Gives Incredibly Harsh Analysis of Trump's Big Beautiful Bill

The Big Beautiful Bill is likely to increase the budget deficit, with estimates from CBO and CRFB suggesting an additional $2.3-$3.1 trillion over 10 years due to tax cuts outweighing spending reductions.
US politics
fromsfist.com
5 months ago

Barbara Lee About to Be Sworn In as Oakland Mayor

It's been a pretty wild turn of career events for 27-year Bay Area Congresswoman Barbara Lee.
NYC politics
#california
California
fromNew York Post
5 months ago

Blue-state blues: Gavin Newsom busted Cali's budget on migrants - and NY, NJ will soon follow

California faces a $12 billion budget deficit primarily due to high social-service spending on illegal immigrants.
California
fromLos Angeles Times
5 months ago

California faces an additional $12-billion budget deficit, Newsom says

California faces a $12-billion budget deficit for 2025-26, adding to an already significant fiscal challenge.
fromSan Jose Spotlight
5 months ago

Los Gatos considers cuts, hiring freezes to tackle budget shortfall - San Jose Spotlight

I'm trying to build as much financial flexibility today as we possibly can, because tomorrow you'll have less, (and) the day after less.
SF parents
SF LGBT
fromSan Jose Spotlight
5 months ago

Santa Clara County politicians want local funds for friend's group - San Jose Spotlight

Budget deficits are forcing tough decisions on community grants.
Supervisors propose $65K for LGBTQ+ leadership at the expense of local groups.
[ Load more ]