HSBC downgrades U.S. stocks, sees 'better opportunities elsewhere'HSBC downgrades U.S. equities due to tariff uncertainty while favoring European stocks bolstered by Germany's fiscal reform changes.
Assessing the whirlwind of housing policy changes in 2025Administration's focus on controlling mortgage rates is encouraging but not indicative of an effort to slow the economy.
Republicans in Congress Who Love Trump Now Disagree With Some of His PoliciesTrump's focus on tariffs and revenue generation creates friction with traditional GOP fiscal conservatism.
HSBC downgrades U.S. stocks, sees 'better opportunities elsewhere'HSBC downgrades U.S. equities due to tariff uncertainty while favoring European stocks bolstered by Germany's fiscal reform changes.
Assessing the whirlwind of housing policy changes in 2025Administration's focus on controlling mortgage rates is encouraging but not indicative of an effort to slow the economy.
Republicans in Congress Who Love Trump Now Disagree With Some of His PoliciesTrump's focus on tariffs and revenue generation creates friction with traditional GOP fiscal conservatism.
Willingness to ease off debt brake' may decide the German electionGermany may loosen its fiscal discipline to stimulate economic growth and increase defense spending.
EU must brace for impact of Trump wrecking ball on global trading system | Heather StewartGermany's shift away from strict fiscal discipline could lead to significant increases in public spending for defense initiatives.
Military Keynesianism'? Reeves faces British defence dilemma after EU spending surgeShifts in European and British defense spending policies reflect changing geopolitical dynamics.Germany is set to boost defense spending by relaxing debt rules, contrasting with Britain’s more cautious approach.
It's time to rev up Germany's economic engineGermany faces economic stagnation without decisive reforms.Bold reforms can repair and enhance Germany's economy.
Willingness to ease off debt brake' may decide the German electionGermany may loosen its fiscal discipline to stimulate economic growth and increase defense spending.
EU must brace for impact of Trump wrecking ball on global trading system | Heather StewartGermany's shift away from strict fiscal discipline could lead to significant increases in public spending for defense initiatives.
Military Keynesianism'? Reeves faces British defence dilemma after EU spending surgeShifts in European and British defense spending policies reflect changing geopolitical dynamics.Germany is set to boost defense spending by relaxing debt rules, contrasting with Britain’s more cautious approach.
It's time to rev up Germany's economic engineGermany faces economic stagnation without decisive reforms.Bold reforms can repair and enhance Germany's economy.
Republicans eye full-year CR, while Democrats look to use shutdown fight to stop Trump's firingsLawmakers are divided on government funding strategies, with a year-long continuing resolution favored by Republicans and a short-term stopgap supported by Democrats.
Wildfires. Sex abuse lawsuits. Trump. L.A. County budget is under "enormous" pressureL.A. County contemplates a hiring freeze amid budget pressures from lawsuits and natural disasters.
Cutting waste' or more tax: how Reeves could appease OBR in spring statementChancellor Rachel Reeves is facing significant financial pressures that may impact her fiscal policies amid rising borrowing costs and lower economic growth.
Reeves plans billions in benefits and other spending cutsMajor cuts to public spending are planned ahead of the Spring Statement, amidst economic challenges and rising costs.
How UK and EU could find more money for defence without spooking the marketsBritain's increase in defence spending faces challenges under current fiscal rules, with potential cuts required elsewhere.
Reeves' fiscal rules non-negotiable in face of bond sell-off, deputy tells MPsRachel Reeves remains committed to borrowing only for investment despite rising gilt yields.
Reeves vows to stand by fiscal rules to achieve stability despite market turmoilRachel Reeves asserts that her fiscal rules are non-negotiable for maintaining economic stability during a turbulent market period.
Davos day two: Rachel Reeves says she's absolutely' relaxed about wealth creation and defends budget tax rises live updatesChancellor Rachel Reeves emphasizes fiscal responsibility and the importance of stability for economic growth.
Cutting waste' or more tax: how Reeves could appease OBR in spring statementChancellor Rachel Reeves is facing significant financial pressures that may impact her fiscal policies amid rising borrowing costs and lower economic growth.
Reeves plans billions in benefits and other spending cutsMajor cuts to public spending are planned ahead of the Spring Statement, amidst economic challenges and rising costs.
How UK and EU could find more money for defence without spooking the marketsBritain's increase in defence spending faces challenges under current fiscal rules, with potential cuts required elsewhere.
Reeves' fiscal rules non-negotiable in face of bond sell-off, deputy tells MPsRachel Reeves remains committed to borrowing only for investment despite rising gilt yields.
Reeves vows to stand by fiscal rules to achieve stability despite market turmoilRachel Reeves asserts that her fiscal rules are non-negotiable for maintaining economic stability during a turbulent market period.
Davos day two: Rachel Reeves says she's absolutely' relaxed about wealth creation and defends budget tax rises live updatesChancellor Rachel Reeves emphasizes fiscal responsibility and the importance of stability for economic growth.
China sets 5 percent growth target despite trade war with USChina is shifting focus to domestic demand for economic growth amidst a trade war with the US.
Study: Portland region benefits state, but is it a fair deal?Portland region is crucial to Oregon's economy, raising questions about fairness in fiscal contributions.
For India budget, tightrope walk between creating jobs and gov't deficitIndia's growth is slowing, leaving little room for increased government spending to meet fiscal deficit targets.Economists warn against fiscal leniency as GDP growth falls to its slowest in years.
Why Brazil's currency depreciation is back to haunt Lula DW 01/24/2025Brazil's currency, the real, has dramatically devalued, raising concerns about inflation and fiscal stability under Lula's government.
Which President Is Responsible for Accruing the Most National Debt?National debt is a normal economic occurrence that can stimulate growth, but excessive debt leads to high borrowing costs and limits government action.
China sets 5 percent growth target despite trade war with USChina is shifting focus to domestic demand for economic growth amidst a trade war with the US.
Study: Portland region benefits state, but is it a fair deal?Portland region is crucial to Oregon's economy, raising questions about fairness in fiscal contributions.
For India budget, tightrope walk between creating jobs and gov't deficitIndia's growth is slowing, leaving little room for increased government spending to meet fiscal deficit targets.Economists warn against fiscal leniency as GDP growth falls to its slowest in years.
Why Brazil's currency depreciation is back to haunt Lula DW 01/24/2025Brazil's currency, the real, has dramatically devalued, raising concerns about inflation and fiscal stability under Lula's government.
Which President Is Responsible for Accruing the Most National Debt?National debt is a normal economic occurrence that can stimulate growth, but excessive debt leads to high borrowing costs and limits government action.
Paying down the debt will help Americans VASTLY more than DOGE 'dividends'Trump's proposal to distribute savings from DOGE could worsen fiscal issues and reignite inflation.
7 Ways the US National Debt Impacts Your Daily LifeNational debt can adversely affect inflation, interest rates, and lead to financial crises.Government shutdowns occur due to debt ceiling conflicts, impacting employment and program efficacy.
Why voters rejected BidenomicsBiden's economic policies have struggled, with inflation rising and manufacturing faltering, as argued by economist Jason Furman.
Are bond vigilantes back? Here's what to knowHigh government spending is raising concerns for investors amid fears of rising borrowing costs.The term 'bond vigilantes' refers to investors pushing for fiscal discipline by increasing borrowing costs.A surge in inflation and higher government spending are empowering bond investors today.
Without Words!' House Dem Fumes Over GOP Wanting To Raise Debt Limit By $4 Trillion During Hearing on Government WasteRep. Melanie Stansbury criticizes House Republicans' plan to raise the debt ceiling amid rising inflation and neglect of economic responsibilities.
UK borrowing overshoot stokes fears over fiscal rulesGovernment borrowing exceeded expectations in December, reaching £17.8 billion due to rising public expenditure amidst high inflation.
Paying down the debt will help Americans VASTLY more than DOGE 'dividends'Trump's proposal to distribute savings from DOGE could worsen fiscal issues and reignite inflation.
7 Ways the US National Debt Impacts Your Daily LifeNational debt can adversely affect inflation, interest rates, and lead to financial crises.Government shutdowns occur due to debt ceiling conflicts, impacting employment and program efficacy.
Why voters rejected BidenomicsBiden's economic policies have struggled, with inflation rising and manufacturing faltering, as argued by economist Jason Furman.
Are bond vigilantes back? Here's what to knowHigh government spending is raising concerns for investors amid fears of rising borrowing costs.The term 'bond vigilantes' refers to investors pushing for fiscal discipline by increasing borrowing costs.A surge in inflation and higher government spending are empowering bond investors today.
Without Words!' House Dem Fumes Over GOP Wanting To Raise Debt Limit By $4 Trillion During Hearing on Government WasteRep. Melanie Stansbury criticizes House Republicans' plan to raise the debt ceiling amid rising inflation and neglect of economic responsibilities.
UK borrowing overshoot stokes fears over fiscal rulesGovernment borrowing exceeded expectations in December, reaching £17.8 billion due to rising public expenditure amidst high inflation.
Exclusive: Mary Meeker's serious warning for "USA Inc."The worsening fiscal health of the U.S. government threatens its ability to manage future economic and geopolitical challenges.
Scotland's public sector pay outpaces rest of UK, driving up wage billScottish public sector employees have received higher pay increases compared to the rest of the UK, impacting finances.
Exclusive: Mary Meeker's serious warning for "USA Inc."The worsening fiscal health of the U.S. government threatens its ability to manage future economic and geopolitical challenges.
Scotland's public sector pay outpaces rest of UK, driving up wage billScottish public sector employees have received higher pay increases compared to the rest of the UK, impacting finances.
Keir Starmer faces backbench rebellion over shortsighted' cuts to aid budgetLabour MPs are rebelling against significant cuts to the international development budget to fund increased defense spending.
The Guardian view on defence spending: bold ideas needed to have guns as well as butter | EditorialLawless peace settlements lead to more conflict and Britain's austerity may hinder its defense capabilities against emerging threats.
Keir Starmer faces backbench rebellion over shortsighted' cuts to aid budgetLabour MPs are rebelling against significant cuts to the international development budget to fund increased defense spending.
The Guardian view on defence spending: bold ideas needed to have guns as well as butter | EditorialLawless peace settlements lead to more conflict and Britain's austerity may hinder its defense capabilities against emerging threats.
Republicans Consider Lies to Hide Cost of Trump Tax CutsSenate Republicans may alter budget rules to hide the true cost of extending Trump's tax cuts.
GOP May Try to Pay for Tax Cuts With Unpopular TariffsTrump's tax cut extensions face strong public opposition prioritizing deficit reduction.Extending tax cuts may add $5.4 trillion to national debt, complicating fiscal goals.
House Republicans Release a Roughly $3 Trillion Budget OutlineHouse Republicans outlined a plan for Trump's fiscal agenda, seeking $4.5 trillion in tax cuts while increasing the deficit by $3 trillion.
Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis showsRenewing expiring tax cuts could significantly benefit high earners while costing the government over $4 trillion, complicating fiscal policy discussions.
Scott Bessent confirmed as Treasury secretaryBessent aims to extend 2017 tax cuts while managing spending and boosting economic growth through a defined fiscal plan.
US Debt Faces Record as Trump and GOP Plan Tax CutsThe U.S. national debt is projected to reach unprecedented levels due to rising budget deficits and continued tax cuts.
Republicans Consider Lies to Hide Cost of Trump Tax CutsSenate Republicans may alter budget rules to hide the true cost of extending Trump's tax cuts.
GOP May Try to Pay for Tax Cuts With Unpopular TariffsTrump's tax cut extensions face strong public opposition prioritizing deficit reduction.Extending tax cuts may add $5.4 trillion to national debt, complicating fiscal goals.
House Republicans Release a Roughly $3 Trillion Budget OutlineHouse Republicans outlined a plan for Trump's fiscal agenda, seeking $4.5 trillion in tax cuts while increasing the deficit by $3 trillion.
Trump tax cuts, if made permanent, stand to benefit highest income earners, Treasury analysis showsRenewing expiring tax cuts could significantly benefit high earners while costing the government over $4 trillion, complicating fiscal policy discussions.
Scott Bessent confirmed as Treasury secretaryBessent aims to extend 2017 tax cuts while managing spending and boosting economic growth through a defined fiscal plan.
US Debt Faces Record as Trump and GOP Plan Tax CutsThe U.S. national debt is projected to reach unprecedented levels due to rising budget deficits and continued tax cuts.
Republicans Plan to Use a Budgeting Trick to Hide Deficit Created by Extending Trump Tax CutsRepublicans aim to alter CBO calculations to suggest Trump's 2017 tax cuts have no new cost, favoring the wealthy.
Warning higher borrowing costs may mean tax risesRising UK government borrowing costs may necessitate tax increases or spending reductions to maintain fiscal discipline.
Reeves faces tough choices as fiscal headroom vanishes, raising tax hike fearsChancellor Rachel Reeves may need to raise income taxes due to exhausted fiscal headroom and economic pressures.
Republicans Plan to Use a Budgeting Trick to Hide Deficit Created by Extending Trump Tax CutsRepublicans aim to alter CBO calculations to suggest Trump's 2017 tax cuts have no new cost, favoring the wealthy.
Warning higher borrowing costs may mean tax risesRising UK government borrowing costs may necessitate tax increases or spending reductions to maintain fiscal discipline.
Reeves faces tough choices as fiscal headroom vanishes, raising tax hike fearsChancellor Rachel Reeves may need to raise income taxes due to exhausted fiscal headroom and economic pressures.
How does the US spend taxpayer money? What to know as DOGE and Elon Musk look for cuts - PoynterElon Musk aims to cut $1 trillion from the U.S. deficit to prevent bankruptcy, though challenges remain in doing so.
Elon Musk Gets Awkward Laughs With Tech Support' Joke in Cabinet Meeting AddressElon Musk humorously refers to his role as 'tech support' while addressing US fiscal challenges at Trump's Cabinet meeting.
Warren to Musk: I've got your $2 trillion right hereSen. Elizabeth Warren proposed over 30 measures to cut $2 trillion in government spending, expressing concerns about the influence of wealth in government policies.
How does the US spend taxpayer money? What to know as DOGE and Elon Musk look for cuts - PoynterElon Musk aims to cut $1 trillion from the U.S. deficit to prevent bankruptcy, though challenges remain in doing so.
Elon Musk Gets Awkward Laughs With Tech Support' Joke in Cabinet Meeting AddressElon Musk humorously refers to his role as 'tech support' while addressing US fiscal challenges at Trump's Cabinet meeting.
Warren to Musk: I've got your $2 trillion right hereSen. Elizabeth Warren proposed over 30 measures to cut $2 trillion in government spending, expressing concerns about the influence of wealth in government policies.
Government's January surplus disappoints at 15.4bn, piling pressure on ChancellorThe government reported a surplus of £15.4 billion in January, lower than expected, raising fiscal concerns.
David Lammy says key projects in Ukraine, Gaza and Sudan to be protected as aid spending slashed UK politics liveThe accurate figure for the rise in defence spending is about £6 billion per year, contrary to the £13.4 billion initially stated by the PM.
UK borrowing unexpectedly jumps, piling pressure on Rachel ReevesUK government borrowing rose to 17.8bn, exceeding forecasts and raising concerns for budget planning and fiscal stability.
Rachel Reeves says she has iron grip' on finances as borrowing costs surgeRachel Reeves asserts control over public finances as bond market sell-off raises concerns about meeting fiscal rules.Increased government borrowing costs challenge fiscal discipline and economic growth plans.
Government's January surplus disappoints at 15.4bn, piling pressure on ChancellorThe government reported a surplus of £15.4 billion in January, lower than expected, raising fiscal concerns.
David Lammy says key projects in Ukraine, Gaza and Sudan to be protected as aid spending slashed UK politics liveThe accurate figure for the rise in defence spending is about £6 billion per year, contrary to the £13.4 billion initially stated by the PM.
UK borrowing unexpectedly jumps, piling pressure on Rachel ReevesUK government borrowing rose to 17.8bn, exceeding forecasts and raising concerns for budget planning and fiscal stability.
Rachel Reeves says she has iron grip' on finances as borrowing costs surgeRachel Reeves asserts control over public finances as bond market sell-off raises concerns about meeting fiscal rules.Increased government borrowing costs challenge fiscal discipline and economic growth plans.
Reconciliation is the key to unlocking Trump's agenda. Here's how it worksRepublicans are using budget reconciliation to pass legislation aimed at advancing Trump's agenda.
Here's how much you'll pay in taxes if Trump's tax cuts get extended or expireThe expiration of Trump's 2017 tax cuts could increase tax bills for 62% of filers unless extensions are implemented.
Trump Signs Order for Sovereign Wealth Fund and Says It Could Fund TikTok PurchaseTrump's executive order initiates a sovereign wealth fund to potentially finance the purchase of TikTok and other investments.
Trump's federal funding freeze is latest fiscal austerity signalThe Trump administration is committed to fiscal austerity, suspending federal grants and loans.
Trump's right to slim federal workforce, but he shouldn't rule out remote work | OpinionSupport for Trump's goal to reduce federal spending amid concerns over deficit levels.
Reconciliation is the key to unlocking Trump's agenda. Here's how it worksRepublicans are using budget reconciliation to pass legislation aimed at advancing Trump's agenda.
Here's how much you'll pay in taxes if Trump's tax cuts get extended or expireThe expiration of Trump's 2017 tax cuts could increase tax bills for 62% of filers unless extensions are implemented.
Trump Signs Order for Sovereign Wealth Fund and Says It Could Fund TikTok PurchaseTrump's executive order initiates a sovereign wealth fund to potentially finance the purchase of TikTok and other investments.
Trump's federal funding freeze is latest fiscal austerity signalThe Trump administration is committed to fiscal austerity, suspending federal grants and loans.
Trump's right to slim federal workforce, but he shouldn't rule out remote work | OpinionSupport for Trump's goal to reduce federal spending amid concerns over deficit levels.
HMRC begins the year with a record busting tax haul - London Business News | Londonlovesbusiness.comHMRC's January 2025 tax receipts reached a record £112bn, primarily driven by a surge in income tax collections.
Government revenue and spending diagramThe U.S. government faces a $1.8 trillion deficit in 2024 due to higher expenditures than revenues.
Hochul's quarter-trillion-dollar $pendapalooza is larded with millions in utter wasteGov. Hochul's proposed budget includes controversial expenditures that critics label as wasteful and excessive, raising concerns about fiscal responsibility.
This Foreign Country Holds Even More US Debt Than ChinaThe U.S. national debt is at $36 trillion, with interest payments consuming funds that could support education, healthcare, and infrastructure.
The Evening: Signs of Trouble for Trump's Spending CutsMusk and Ramaswamy's influence reveals significant challenges in achieving government spending reform amidst rising national debt.
Alarming report shows US drowning in red ink - as Democrats block spending cutsThe government faces an $838 billion cash shortfall, highlighting a significant fiscal challenge that may exceed previous deficits.Democrats oppose Trump’s proposed spending cuts, fearing they may exacerbate the federal financial crisis.
Pound falls as borrowing costs rise to highest since 2008The UK pound has fallen to its lowest level in nine months due to rising government borrowing costs. Economic stability is at risk.
Government revenue and spending diagramThe U.S. government faces a $1.8 trillion deficit in 2024 due to higher expenditures than revenues.
Hochul's quarter-trillion-dollar $pendapalooza is larded with millions in utter wasteGov. Hochul's proposed budget includes controversial expenditures that critics label as wasteful and excessive, raising concerns about fiscal responsibility.
This Foreign Country Holds Even More US Debt Than ChinaThe U.S. national debt is at $36 trillion, with interest payments consuming funds that could support education, healthcare, and infrastructure.
The Evening: Signs of Trouble for Trump's Spending CutsMusk and Ramaswamy's influence reveals significant challenges in achieving government spending reform amidst rising national debt.
Alarming report shows US drowning in red ink - as Democrats block spending cutsThe government faces an $838 billion cash shortfall, highlighting a significant fiscal challenge that may exceed previous deficits.Democrats oppose Trump’s proposed spending cuts, fearing they may exacerbate the federal financial crisis.
Pound falls as borrowing costs rise to highest since 2008The UK pound has fallen to its lowest level in nine months due to rising government borrowing costs. Economic stability is at risk.
Debt brake: How this fiscal rule could shape Germany's electionThe debt brake is a central election issue in Germany that could impact future investment and economic growth.
Overnight Vote-a-Rama' in the Senate Frames a Contentious Budget DebateThe Senate is engaged in an intense budget debate that highlights partisan divisions over fiscal policy and priorities.
Bond market sell-off drives up government borrowing costs; China's currency hits 16-month low on tariff fears business liveRising bond yields indicate waning investor confidence in central banks' rate-cutting abilities, causing market turbulence.
Cuts, tax rises and doing nothing: Rachel Reeves' options to tackle economic woeChancellor Rachel Reeves faces pressure to stabilize the UK economy amidst market volatility and political promises limiting her options.
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel ReevesUK government may miss its Budget borrowing targets due to rising interest rates, impacting fiscal rules.Rising long-term borrowing rates challenge the UK's economic stability and fiscal management.
Pound plummets to an eight-month low amid spike in gilt yields and reports of tariffs - London Business News | Londonlovesbusiness.comThe selloff of UK assets has weakened the pound due to soaring gilt yields and inflation concerns, leading to market volatility.
Pound hits 14-month low as UK bond sell-off continues, evoking fears of Truss moment business liveThe pound has reached a 14-month low amid rising UK borrowing costs and a strengthening US dollar.Analysts are increasingly concerned about the UK's economic stability and fiscal control.
Despite the promises, Labour may have to acknowledge more tax rises are needed | Heather StewartRachel Reeves may cut public spending if bond markets remain volatile, impacting fiscal rules and debt repayments.
Bond market sell-off drives up government borrowing costs; China's currency hits 16-month low on tariff fears business liveRising bond yields indicate waning investor confidence in central banks' rate-cutting abilities, causing market turbulence.
Cuts, tax rises and doing nothing: Rachel Reeves' options to tackle economic woeChancellor Rachel Reeves faces pressure to stabilize the UK economy amidst market volatility and political promises limiting her options.
Faisal Islam: Soaring UK borrowing costs are a problem for Rachel ReevesUK government may miss its Budget borrowing targets due to rising interest rates, impacting fiscal rules.Rising long-term borrowing rates challenge the UK's economic stability and fiscal management.
Pound plummets to an eight-month low amid spike in gilt yields and reports of tariffs - London Business News | Londonlovesbusiness.comThe selloff of UK assets has weakened the pound due to soaring gilt yields and inflation concerns, leading to market volatility.
Pound hits 14-month low as UK bond sell-off continues, evoking fears of Truss moment business liveThe pound has reached a 14-month low amid rising UK borrowing costs and a strengthening US dollar.Analysts are increasingly concerned about the UK's economic stability and fiscal control.
Despite the promises, Labour may have to acknowledge more tax rises are needed | Heather StewartRachel Reeves may cut public spending if bond markets remain volatile, impacting fiscal rules and debt repayments.
UK tax administration costs spiralling due to complex system, says watchdogThe UK tax system's complexity is driving up administration costs significantly for both the government and businesses.
Trump rates policy comes into focusThe economy benefits more from deregulation and fiscal policies than from further rate cuts by the Fed.
This US President Increased the National Debt by Over 700%The national debt has significantly increased under recent U.S. presidents, impacting the economy and governmental responsibilities.
Rightwinger Bart De Wever sworn in as Belgian prime ministerBart De Wever becomes Belgium's prime minister after a protracted coalition negotiation, signaling a rightward shift in the country's political landscape.
Campbell sued over sales tax hike - San Jose SpotlightCampbell's approved sales tax measure is challenged in court over alleged constitutional issues.
How the Debt Could Hamstring Trump's AgendaInvestors are increasingly cautious about lending to the U.S. amid rising concerns over national debt and fiscal policies.
Watch: Scott Bessent Secretary of the Treasury confirmation hearingScott Bessent's confirmation hearing will address key economic issues such as taxes and trade that impact U.S. fiscal policy. The outcome is significant for economic strategy.
Keir Starmer is right to gamble on an AI revolution, but it might not pay out in time | Rafael BehrAI is expected to significantly impact Britain's economy, but current economic conditions pose major challenges.
No 10 backs Rachel Reeves to remain in post for rest of parliamentKeir Starmer confirmed Rachel Reeves will remain chancellor and emphasized strict public spending cuts to meet fiscal rules.
Keir Starmer is right to gamble on an AI revolution, but it might not pay out in time | Rafael BehrAI is expected to significantly impact Britain's economy, but current economic conditions pose major challenges.
No 10 backs Rachel Reeves to remain in post for rest of parliamentKeir Starmer confirmed Rachel Reeves will remain chancellor and emphasized strict public spending cuts to meet fiscal rules.
Despite revenue increase, Newsom plans to pull from California's rainy day reservesCalifornia's Governor proposed a $322.2 billion budget, highlighting a modest surplus but relying on rainy day funds for expenditures.
Gov. Newsom Announces Spending Plans with Surprise Budget SurplusCalifornia's budget outlook has significantly improved, projecting a $17 billion surplus and a total budget of $322 billion for 2025-26.
Newsom budget plan fully funds Pre-K, maintains money to clear homeless encampmentsGov. Newsom's $322 billion budget prioritizes education and homelessness while anticipating legal battles with the incoming Trump administration over disaster aid.
How Did California Manage to Pay for Everything in 2024?California faced a $56 billion budget shortfall in 2024 due to inaccurate revenue projections from incomplete data in 2023.
Despite revenue increase, Newsom plans to pull from California's rainy day reservesCalifornia's Governor proposed a $322.2 billion budget, highlighting a modest surplus but relying on rainy day funds for expenditures.
Gov. Newsom Announces Spending Plans with Surprise Budget SurplusCalifornia's budget outlook has significantly improved, projecting a $17 billion surplus and a total budget of $322 billion for 2025-26.
Newsom budget plan fully funds Pre-K, maintains money to clear homeless encampmentsGov. Newsom's $322 billion budget prioritizes education and homelessness while anticipating legal battles with the incoming Trump administration over disaster aid.
How Did California Manage to Pay for Everything in 2024?California faced a $56 billion budget shortfall in 2024 due to inaccurate revenue projections from incomplete data in 2023.
Indonesia kicks off first free meal programme for children, pregnant womenPrabowo's free meal program targets child nutrition and economic growth in Indonesia, facing criticism for its high projected costs.
Opinion | What Will Trump Do With All That Power?The discussion revolves around hopes and challenges for Trump II's presidency, especially concerning fiscal policy and Democratic strategies.
Chip Roy Warns Speaker Johnson Over Keeping His Job: Don't Believe He Has The Votes'Rep. Chip Roy doubts Speaker Mike Johnson has enough support for reelection due to past failures and concerns from colleagues.
Treasury Secretary Janet Yellen says U.S. could hit debt limit in weeksThe U.S. Treasury is set to implement extraordinary measures soon to avoid hitting the debt ceiling.
Gov. Hochul is the face of the MTA's congestion-toll madness: Don't let her fool youGov. Hochul halted the MTA's surge-pricing toll increase but the base toll of $9 remains contentious amid fiscal scrutiny and efficiency challenges.
Rachida Dati stays in post as French culture minister in new governmentFrançois Bayrou's cabinet is negotiating a challenging budget for 2025 amidst significant public finance cuts required to stabilize national debt.