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.
Trump rates policy comes into focusThe economy benefits more from deregulation and fiscal policies than from further rate cuts by the Fed.
Federal Reserve is likely to cut interest rates next week. Here's what that means for youThe Federal Reserve is likely to lower interest rates by a quarter point, marking its third consecutive rate cut.
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.
Pound slumps as BoE's chief hawk calls for a double rate cut - London Business News | Londonlovesbusiness.comThe Bank of England's rate cut reflects a dire economic outlook, with growth projections lowered and inflation expectations heightened.
Pound swings after surprise dip in UK inflation - London Business News | Londonlovesbusiness.comUK inflation dropped to 2.5% in December, increasing the likelihood of an interest rate cut by the Bank of England.
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.
Trump rates policy comes into focusThe economy benefits more from deregulation and fiscal policies than from further rate cuts by the Fed.
Federal Reserve is likely to cut interest rates next week. Here's what that means for youThe Federal Reserve is likely to lower interest rates by a quarter point, marking its third consecutive rate cut.
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.
Pound slumps as BoE's chief hawk calls for a double rate cut - London Business News | Londonlovesbusiness.comThe Bank of England's rate cut reflects a dire economic outlook, with growth projections lowered and inflation expectations heightened.
Pound swings after surprise dip in UK inflation - London Business News | Londonlovesbusiness.comUK inflation dropped to 2.5% in December, increasing the likelihood of an interest rate cut by the Bank of England.
Who will Trump choose for Treasury secretary?Trump's search for a Treasury Secretary has become complex with candidates dropping out and new ones emerging amid internal party resistance.
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for LaborTrump seeks to solidify conservative economic leadership by nominating key figures focused on reducing the national debt and dismantling government excess.
Meet the 38 Republicans who defied Trump on the spending and debt deal.Hard-right Republicans resist Trump's spending demands, feeling secure in their positions despite potential political fallout.
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.
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.
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.
Who will Trump choose for Treasury secretary?Trump's search for a Treasury Secretary has become complex with candidates dropping out and new ones emerging amid internal party resistance.
Trump chooses Bessent to be treasury secretary, Vought as budget chief, Chavez-DeRemer for LaborTrump seeks to solidify conservative economic leadership by nominating key figures focused on reducing the national debt and dismantling government excess.
Meet the 38 Republicans who defied Trump on the spending and debt deal.Hard-right Republicans resist Trump's spending demands, feeling secure in their positions despite potential political fallout.
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.
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.
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.
Under Biden, National Debt Grew by $5 Trillion - Still Less Than Recent PresidentsAmerica's national debt has surpassed $35 trillion, with recent increases from Biden, Obama, and Trump prompting calls for accountability in fiscal management.
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.
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.
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.
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.
Under Biden, National Debt Grew by $5 Trillion - Still Less Than Recent PresidentsAmerica's national debt has surpassed $35 trillion, with recent increases from Biden, Obama, and Trump prompting calls for accountability in fiscal management.
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.
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.
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.
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.
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.
Starmer defends Reeves as she will remain Chancellor 'for many years' - London Business News | Londonlovesbusiness.comKeir Starmer reaffirms strong support for Rachel Reeves as Chancellor amid concerns about her fiscal performance.
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.
Starmer defends Reeves as she will remain Chancellor 'for many years' - London Business News | Londonlovesbusiness.comKeir Starmer reaffirms strong support for Rachel Reeves as Chancellor amid concerns about her fiscal performance.
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.
Trump's Treasury pick could butt heads with Trump on tariffs and immigrationBessent's pro-market strategies will significantly influence the U.S. economy and fiscal policies in the coming years.
Trump could push the US debt to levels that cannot be ignored by the end of 2025, BlackRock's bond chief saysThe US debt is nearing a tipping point potentially in 2025-2026, raising concerns about investor confidence.
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.
UK government borrowing in October tops forecasts at 17.4bnThe UK government faces rising borrowing and debt interest, complicating efforts to manage public finances and stimulate economic growth.
Reeves vows action on growth amid rising debt costsChancellor Rachel Reeves vows to enhance economic growth amid rising costs of servicing UK debt, advocating Labour's proactive measures for stabilization.
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.
Trump's Treasury pick could butt heads with Trump on tariffs and immigrationBessent's pro-market strategies will significantly influence the U.S. economy and fiscal policies in the coming years.
Trump could push the US debt to levels that cannot be ignored by the end of 2025, BlackRock's bond chief saysThe US debt is nearing a tipping point potentially in 2025-2026, raising concerns about investor confidence.
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.
UK government borrowing in October tops forecasts at 17.4bnThe UK government faces rising borrowing and debt interest, complicating efforts to manage public finances and stimulate economic growth.
Reeves vows action on growth amid rising debt costsChancellor Rachel Reeves vows to enhance economic growth amid rising costs of servicing UK debt, advocating Labour's proactive measures for stabilization.
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.
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.
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.
Sterling plummets to a 14-month low as FTSE tumbles - London Business News | Londonlovesbusiness.comThe pound has dropped to a 14-month low, while gilt yields rise due to inflation and fiscal instability concerns.
Warning higher borrowing costs may mean tax risesRising UK government borrowing costs may necessitate tax increases or spending reductions to maintain fiscal discipline.
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.
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.
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.
Sterling plummets to a 14-month low as FTSE tumbles - London Business News | Londonlovesbusiness.comThe pound has dropped to a 14-month low, while gilt yields rise due to inflation and fiscal instability concerns.
Warning higher borrowing costs may mean tax risesRising UK government borrowing costs may necessitate tax increases or spending reductions to maintain fiscal discipline.
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.
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.
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.
Market trouble threatens Labour's economic plansLabour under Starmer is focused on economic credibility, with strict fiscal rules set to guide financial policy.
Vos: New budget will say 'no'Wisconsin's budget won't meet agency spending requests, with a focus on fiscal restraint.
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.
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.
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.
Market trouble threatens Labour's economic plansLabour under Starmer is focused on economic credibility, with strict fiscal rules set to guide financial policy.
Vos: New budget will say 'no'Wisconsin's budget won't meet agency spending requests, with a focus on fiscal restraint.
Can China climb out of economic stagnation in 2025? DW 12/13/2024China is adopting proactive fiscal and monetary policies to address economic slowdowns and boost growth.
Scott Bessent confirmed as Treasury secretaryBessent aims to extend 2017 tax cuts while managing spending and boosting economic growth through a defined fiscal plan.
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.
China Eases Overall Monetary Policy Stance for First Time in 14 YearsChina's Politburo has shifted to a looser monetary policy to stimulate economic growth and counter price decline for the first time in 14 years.
DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debtThe U.S. must prioritize addressing its unsustainable debt through sensible budget conversations under the new administration.
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.
Can China climb out of economic stagnation in 2025? DW 12/13/2024China is adopting proactive fiscal and monetary policies to address economic slowdowns and boost growth.
Scott Bessent confirmed as Treasury secretaryBessent aims to extend 2017 tax cuts while managing spending and boosting economic growth through a defined fiscal plan.
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.
China Eases Overall Monetary Policy Stance for First Time in 14 YearsChina's Politburo has shifted to a looser monetary policy to stimulate economic growth and counter price decline for the first time in 14 years.
DOGE notwithstanding, here are the 2 options Trump has to tackle the $35T national debtThe U.S. must prioritize addressing its unsustainable debt through sensible budget conversations under the new administration.
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.
Campbell sued over sales tax hike - San Jose SpotlightCampbell's approved sales tax measure is challenged in court over alleged constitutional issues.
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.
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.
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.
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.
The Surprising Reason You Might End Up With Less Social SecuritySocial Security benefits can be taxed, affecting many seniors.Tax thresholds for Social Security have not changed in decades.Proposals to eliminate taxes on Social Security face feasibility issues.
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.
The Surprising Reason You Might End Up With Less Social SecuritySocial Security benefits can be taxed, affecting many seniors.Tax thresholds for Social Security have not changed in decades.Proposals to eliminate taxes on Social Security face feasibility issues.
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.
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.
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.
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.
Scoop: Jeffries' plan to kill the debt ceiling foreverDemocrats may leverage the debt ceiling negotiations for concessions while opposing Trump's call to abolish it.
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.
Scoop: Jeffries' plan to kill the debt ceiling foreverDemocrats may leverage the debt ceiling negotiations for concessions while opposing Trump's call to abolish it.
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.
Millions could soon get full social security benefits. Will the Senate pass this bill?The House passed a bipartisan bill to restore full Social Security benefits by repealing provisions that limit payments.
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.
Millions could soon get full social security benefits. Will the Senate pass this bill?The House passed a bipartisan bill to restore full Social Security benefits by repealing provisions that limit payments.
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.
Trump Calls to Get Rid of Debt Ceiling Entirely, Backing Proposal from Democrats That Sparked GOP RevoltTrump aims to abolish the federal debt ceiling, arguing it lacks real value for managing debt.
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.
Trump Calls to Get Rid of Debt Ceiling Entirely, Backing Proposal from Democrats That Sparked GOP RevoltTrump aims to abolish the federal debt ceiling, arguing it lacks real value for managing debt.
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.
What investors expect to see in 2025 under TrumpU.S. investors anticipate significant economic changes in 2025, impacting stocks, bonds, and currencies as President-elect Trump implements new policies.
HMRC rings in the holidays with record tax take nearing 850 billion - London Business News | Londonlovesbusiness.comThe UK Treasury is celebrating record tax receipts due to significant increases in income and corporation taxes for the year 2024.
Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?Republicans aim to extend 2017 tax cuts to avoid significant tax increases and protect previous legislative achievements.
What's Your Message to Elon Musk?' Steve Doocy Confronts Speaker Mike Johnson With Musk's Saying Spending Bill Shall Not Pass'Speaker Mike Johnson defends emergency spending bill despite criticism from fiscally conservative members within Congress.
Republicans Ponder: What if the Trump Tax Cuts Cost Nothing?Republicans aim to extend 2017 tax cuts to avoid significant tax increases and protect previous legislative achievements.
What's Your Message to Elon Musk?' Steve Doocy Confronts Speaker Mike Johnson With Musk's Saying Spending Bill Shall Not Pass'Speaker Mike Johnson defends emergency spending bill despite criticism from fiscally conservative members within Congress.
Inflation Concerns Loom as Trumponomics Revs UpInflation risks have resurfaced, elevated by trade tensions and fiscal policies, prompting market anxiety about future monetary policy adjustments.
Gold holds steady - London Business News | Londonlovesbusiness.comGold remains stable as the market anticipates the Fed's meeting and potential fiscal inflationary effects on gold's future as an investment.
Inflation Concerns Loom as Trumponomics Revs UpInflation risks have resurfaced, elevated by trade tensions and fiscal policies, prompting market anxiety about future monetary policy adjustments.
Gold holds steady - London Business News | Londonlovesbusiness.comGold remains stable as the market anticipates the Fed's meeting and potential fiscal inflationary effects on gold's future as an investment.
Caroline O'Doherty: Costs of climate failure fines would put solar panels on every home and farm in IrelandThe Irish government may face fines up to €20 billion for not meeting climate targets.
After a dramatic Nov. 5 election, who will serve on the Oakland City Council in 2025?Oakland's upcoming leadership is set to navigate significant fiscal challenges following a major election reshaping the city's governance.
EU's big economies must reform as Donald Trump's tariffs loom | Kenneth RogoffEurope's economic stagnation stems from excessive debt and insufficient reforms, not merely from a lack of stimulus measures.
US Treasury pick Bessent 'is a fiscal hawk': Wall Street reactsScott Bessent's nomination as US Treasury Secretary signals potential changes in fiscal policy affecting the bond market and broader economy.
Trump's voter base relies on spending Musk's DOGE might cutThe new administration must address fiscal challenges linked to federal transfer payments that heavily support Trump-voting counties.
DEVELOPING | Mayor Adams restores last of NYPD academy classes he cut last year with budget update | amNewYorkMayor Eric Adams reinstated suspended NYPD academy classes, bolstering the police force to address budgetary challenges amid the migrant crisis.
Sadiq Khan dials down call for national free school meals due to '22bn black hole'The London mayor calls for a national conversation about universal free school meals amidst fiscal challenges.
Town and Country charged no property tax for decades. Times have changed.Town and Country is implementing a municipal property tax for the first time since 1997 to address a budget shortfall.
China unveils 10tn yuan support for debt-stricken local governmentChina's debt support package aims to tackle local government debt but falls short of comprehensive solutions.
Friday BriefingTrump's proposed tax cuts face a fiscal reckoning as parts of his previous tax cut will expire in 2025.