#federal-budget

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#elon-musk

Trump's Department of Government Efficiency will ironically require two men to run it

The Trump administration plans to create a Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy to cut federal spending.

How Elon Musk's government efficiency panel could work

Elon Musk has been tasked by Donald Trump to lead a panel aiming to cut U.S. federal spending significantly, targeting $2 trillion.

Musk's new role in Trump's government is today's ugh' moment in US politics. There will be many more | Emma Brockes

The appointment of Elon Musk to the Department of Government Efficiency under Trump raises concerns over his influence and potential conflicts of interest.

Trump Taps Elon Musk and Vivek Ramaswamy to Lead Dept. of Government Efficiency'

Trump's new initiative aims to significantly reduce government bureaucracy and spending with Musk and Ramaswamy leading efforts toward drastic changes.

Trump's Department of Government Efficiency will ironically require two men to run it

The Trump administration plans to create a Department of Government Efficiency led by Elon Musk and Vivek Ramaswamy to cut federal spending.

How Elon Musk's government efficiency panel could work

Elon Musk has been tasked by Donald Trump to lead a panel aiming to cut U.S. federal spending significantly, targeting $2 trillion.

Musk's new role in Trump's government is today's ugh' moment in US politics. There will be many more | Emma Brockes

The appointment of Elon Musk to the Department of Government Efficiency under Trump raises concerns over his influence and potential conflicts of interest.

Trump Taps Elon Musk and Vivek Ramaswamy to Lead Dept. of Government Efficiency'

Trump's new initiative aims to significantly reduce government bureaucracy and spending with Musk and Ramaswamy leading efforts toward drastic changes.
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#government-spending

America's National Debt Is Surging - but These Countries Look a Lot Worse

The U.S. national debt stands at $35.8 trillion, with increasing expenditures outpacing revenue, driven largely by healthcare and social benefits.

Bramson: Losing the path home - San Jose Spotlight

The U.S. government allocates minimal funds to housing assistance, exacerbating homelessness issues.
Local governments must compensate for federal funding shortfalls, leading to tough winters ahead.
California voters are increasingly limiting future housing resources and protections for the unhoused.

This US President Increased the National Debt by Over 700%

The U.S. national debt is unprecedented and unsustainable, driven by a mismatch between revenue and spending, growing faster than the economy.

America's National Debt Is Surging - but These Countries Look a Lot Worse

The U.S. national debt stands at $35.8 trillion, with increasing expenditures outpacing revenue, driven largely by healthcare and social benefits.

Bramson: Losing the path home - San Jose Spotlight

The U.S. government allocates minimal funds to housing assistance, exacerbating homelessness issues.
Local governments must compensate for federal funding shortfalls, leading to tough winters ahead.
California voters are increasingly limiting future housing resources and protections for the unhoused.

This US President Increased the National Debt by Over 700%

The U.S. national debt is unprecedented and unsustainable, driven by a mismatch between revenue and spending, growing faster than the economy.
moregovernment-spending
#cybersecurity
from Nextgov.com
1 week ago
Information security

Will cyber suffer under Trump's goal to slash federal budgets?

Trump's budget cuts may lead to reduced cybersecurity funding, raising concerns about vulnerability to cyber threats.

Following the federal cybersecurity money trail

The budget reveals federal prioritization of cybersecurity initiatives, following the National Cybersecurity Strategy.
President Biden's 2025 budget request includes a significant increase to $13 billion for cybersecurity spending by civilian agencies.

Will cyber suffer under Trump's goal to slash federal budgets?

Trump's budget cuts may lead to reduced cybersecurity funding, raising concerns about vulnerability to cyber threats.

Following the federal cybersecurity money trail

The budget reveals federal prioritization of cybersecurity initiatives, following the National Cybersecurity Strategy.
President Biden's 2025 budget request includes a significant increase to $13 billion for cybersecurity spending by civilian agencies.
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Home to Some of the Largest American Military Bases, This State Is Critical to US Defense Operations

The Department of Defense employs nearly 2.6 million people and is a key employer in Texas, highlighting its military significance.
Texas is home to a significant concentration of DOD personnel, emphasizing the state's strategic role in national defense.

Trump would make social security insolvent by 2031, report says

Biden's Social Security plan may face insolvency by 2034; Trump's proposals could accelerate this to 2031 and drastically cut benefits.
#national-debt

This US President Increased the National Debt by Over 700%

The U.S. national debt is at an unprecedented and unsustainable level, with 2024 marking a critical financial tipping point.

The Biden Administration Is Setting Money on Fire, Here's Where It's Going to Waste

Federal agencies wasted nearly $785 billion on improper payments over the past five years, presenting an opportunity for improved fiscal management.

This US President Increased the National Debt by Over 700%

The U.S. national debt is at an unprecedented and unsustainable level, with 2024 marking a critical financial tipping point.

The Biden Administration Is Setting Money on Fire, Here's Where It's Going to Waste

Federal agencies wasted nearly $785 billion on improper payments over the past five years, presenting an opportunity for improved fiscal management.
morenational-debt

Germany: Intel delays construction of Magdeburg factory DW 09/17/2024

Intel delays its German factory project by two years due to financial pressures and market demand, impacting job creation plans.
German Finance Minister urges redirected funding from Intel subsidies to address significant federal budget issues.

GOP rebellion puts Mike Johnson's spending plan on notice

House Speaker Mike Johnson may have to rethink his government funding plan due to GOP dissent and Democratic opposition ahead of the funding deadline.

Patrick McGorry urges government to move faster on mental health after federal budget boost

Investment in youth mental health services in the federal budget is welcomed, but urgency in reforms is needed to address the crisis.

Australia's Massive Military Budget

The 2025 federal budget allocated an extra $50.3 billion to defense over the next decade, totaling $764.6 billion, significantly impacting other budget areas.

ANALYSIS | Will $52.9B in new federal spending make inflation worse? | CBC News

New spending in the federal budget may impact inflation and interest rates, with a focus on economic growth and meeting inflation targets.

Are you renting with no plans to buy? Here's what the federal budget has for you | CBC News

The federal government's budget aims to make homeownership more attainable for millennials and Gen Z renters through various measures.

What do Canadians want to see in the upcoming federal budget? | CBC News

Focus on housing is a top priority for many Canadians ahead of the government's annual budget announcement.

Congress sends colleges $1.3 billion for projects

Colleges and universities are utilizing federal funding for a variety of projects, from purchasing equipment to starting new academic programs.
Earmarks in the fiscal year 2024 budget are providing financial assistance to institutions for projects ranging from $20,000 to $36 million.

German budget chaos: No vote on 2024 spending this year DW 12/07/2023

The 2024 federal budget in Germany may not be passed this year, but a political agreement among the governing parties is possible in the coming days.
Chancellor Olaf Scholz is confident that a result can be achieved soon.
#federal-government

Toronto could see cuts 'rapidly happen' without more money from feds, province: McKelvie | CBC News

Toronto's next mayor will have to oversee cuts to services if other levels of government don't help cover a nearly $1 billion budget shortfall, the deputy mayor said Wednesday, criticizing what she described as Ottawa's lack of support for the city.Jennifer McKelvie argued the federal budget released a day earlier had shut out Toronto.

CRTC asked to probe recent cellphone roaming fee hikes | CBC News

Industry Minister Francois-Philippe Champagne has asked the federal telecommunications regulator to look into wireless roaming fees, saying he's concerned about companies hiking their rates while phone bills in other jurisdictions are generally declining.In a letter to CRTC chairwoman and CEO Vicky Eatrides, Champagne said the regulator plays an important role in promoting affordability and empowering consumers to make informed decisions.

Cenovus reports $784M Q4 profit, CEO Alex Pourbaix to become executive chair | CBC News

Cenovus Energy Inc. chief executive Alex Pourbaix will step down from his CEO role later this year in order to devote more time to his evolving role as an outspoken champion of Canada's oilsands industry and its decarbonization ambitions.The Calgary-based energy company said Thursday that Pourbaix, who has led Cenovus since November of 2017, will become executive chair, while chief operating officer Jon McKenzie will become CEO in a transition that will take place after the company's annual meeting set for April 26.

Toronto could see cuts 'rapidly happen' without more money from feds, province: McKelvie | CBC News

Toronto's next mayor will have to oversee cuts to services if other levels of government don't help cover a nearly $1 billion budget shortfall, the deputy mayor said Wednesday, criticizing what she described as Ottawa's lack of support for the city.Jennifer McKelvie argued the federal budget released a day earlier had shut out Toronto.

CRTC asked to probe recent cellphone roaming fee hikes | CBC News

Industry Minister Francois-Philippe Champagne has asked the federal telecommunications regulator to look into wireless roaming fees, saying he's concerned about companies hiking their rates while phone bills in other jurisdictions are generally declining.In a letter to CRTC chairwoman and CEO Vicky Eatrides, Champagne said the regulator plays an important role in promoting affordability and empowering consumers to make informed decisions.

Cenovus reports $784M Q4 profit, CEO Alex Pourbaix to become executive chair | CBC News

Cenovus Energy Inc. chief executive Alex Pourbaix will step down from his CEO role later this year in order to devote more time to his evolving role as an outspoken champion of Canada's oilsands industry and its decarbonization ambitions.The Calgary-based energy company said Thursday that Pourbaix, who has led Cenovus since November of 2017, will become executive chair, while chief operating officer Jon McKenzie will become CEO in a transition that will take place after the company's annual meeting set for April 26.
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#back

Walmart joins Canadian grocery rivals in pushing back against profiteering claims | CBC News

Like its Canadian counterparts, Walmart is pushing back against claims that grocers are profiting from the rising cost of food.Gonzalo Gebara, the head of Walmart Canada, told MPs on the House agriculture committee Monday that rising prices were caused by "a perfect storm" of external factors, not price-gouging.

Russia Wants a Committed Fossil Fuel Relationship. China Has Cold Feet

There was one awkward moment at this week's closely-watched summit between Vladimir Putin and Xi Jinping.The Russian and Chinese presidents, who have met 40 times in the last decade, exchanged plenty of warm words.Xi reassured Putin of his continuing support for Russia's stance on Ukraine, and the pair signed a dozen collaboration agreements aimed at building a multipolar world with a diminished West.

Walmart joins Canadian grocery rivals in pushing back against profiteering claims | CBC News

Like its Canadian counterparts, Walmart is pushing back against claims that grocers are profiting from the rising cost of food.Gonzalo Gebara, the head of Walmart Canada, told MPs on the House agriculture committee Monday that rising prices were caused by "a perfect storm" of external factors, not price-gouging.

Russia Wants a Committed Fossil Fuel Relationship. China Has Cold Feet

There was one awkward moment at this week's closely-watched summit between Vladimir Putin and Xi Jinping.The Russian and Chinese presidents, who have met 40 times in the last decade, exchanged plenty of warm words.Xi reassured Putin of his continuing support for Russia's stance on Ukraine, and the pair signed a dozen collaboration agreements aimed at building a multipolar world with a diminished West.
moreback
#people

Will health insurance costs go up again in Germany?

There's a growing financial gap in Germany's health insurance system.The country's ageing population means that overall healthcare costs are going up and three years of the Covid pandemic made the problem even worse.According to the latest estimates, statutory health funds like TK and AOK are facing a financial black hole to the tune of around 17 billion this year.

Cost of German care insurance could rise in July

There's a growing financial gap in Germany's health insurance system.The country's ageing population means that overall healthcare costs are going up and three years of the Covid pandemic made the problem even worse.According to the latest estimates, statutory health funds like TK and AOK are facing a financial black hole to the tune of around 17 billion this year.

Will health insurance costs go up again in Germany?

There's a growing financial gap in Germany's health insurance system.The country's ageing population means that overall healthcare costs are going up and three years of the Covid pandemic made the problem even worse.According to the latest estimates, statutory health funds like TK and AOK are facing a financial black hole to the tune of around 17 billion this year.

Cost of German care insurance could rise in July

There's a growing financial gap in Germany's health insurance system.The country's ageing population means that overall healthcare costs are going up and three years of the Covid pandemic made the problem even worse.According to the latest estimates, statutory health funds like TK and AOK are facing a financial black hole to the tune of around 17 billion this year.
morepeople

Supreme Court leaves Trump-era offshore tax in place on investors

The Supreme Court ruled against a couple challenging a Trump-era tax provision, impacting potential federal budget consequences.
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