Op-ed | The Invisible Hand of the New York City Budget Director | amNewYorkJacques Jiha, director of NYC's Office of Management and Budget, plays a crucial role in the city's financial decisions and budgetary control.
The DOGE Plan That Endangers U.S. RevenueIRS staff cuts could lead to significant losses in taxpayer revenue.Cutting IRS staff may incentivize tax evasion among taxpayers.
How Covid changed the British stateThe furlough scheme was a significant state intervention to protect workers during the Covid lockdown.
Will bills continue to rise and what does it mean for Labour?Rising household bills will exacerbate poverty among the UK's poorest households amid ongoing economic challenges.
Rachel Reeves rules out tax and spend' policies ahead of spring statementThe Independent emphasizes the importance of its ground reporting and accountability in journalism during pivotal political moments.
Labour could raise 25 billion per year until 2040 by incentivising UK business owners to sell to staff - London Business News | Londonlovesbusiness.comIncentivizing UK business owners to sell to staff could raise £25 billion a year, addressing public finance deficits and promoting local economic growth.
UK government's seized Bitcoin could be worth five times more than the UK economy by 2040 - London Business News | Londonlovesbusiness.comThe UK could use £5.2 billion of seized Bitcoin to address public finance issues.Potential future value of remaining Bitcoin could exceed £62 billion in five years.Experts predict Bitcoin value could reach £65 trillion by 2040 if trends continue.
Rachel Reeves : I was wrong to say no big tax rises would be neededRachel Reeves admitted she was wrong about no major tax rises being needed, yet insists further tax increases won't be necessary after recent budget adjustments.
How Covid changed the British stateThe furlough scheme was a significant state intervention to protect workers during the Covid lockdown.
Will bills continue to rise and what does it mean for Labour?Rising household bills will exacerbate poverty among the UK's poorest households amid ongoing economic challenges.
Rachel Reeves rules out tax and spend' policies ahead of spring statementThe Independent emphasizes the importance of its ground reporting and accountability in journalism during pivotal political moments.
Labour could raise 25 billion per year until 2040 by incentivising UK business owners to sell to staff - London Business News | Londonlovesbusiness.comIncentivizing UK business owners to sell to staff could raise £25 billion a year, addressing public finance deficits and promoting local economic growth.
UK government's seized Bitcoin could be worth five times more than the UK economy by 2040 - London Business News | Londonlovesbusiness.comThe UK could use £5.2 billion of seized Bitcoin to address public finance issues.Potential future value of remaining Bitcoin could exceed £62 billion in five years.Experts predict Bitcoin value could reach £65 trillion by 2040 if trends continue.
Rachel Reeves : I was wrong to say no big tax rises would be neededRachel Reeves admitted she was wrong about no major tax rises being needed, yet insists further tax increases won't be necessary after recent budget adjustments.
This Is What Biden Has Done to Increase the National Debt by Nearly $5 TrillionReducing the federal deficit is crucial for lawmakers and citizens. Understanding spending impacts personal finance and national debt sustainability.
From more tax to rewriting budget rules: six alternative ways Rachel Reeves could raise moneyRachel Reeves faces criticism for conservative fiscal strategies that may harm vulnerable populations amid rising wealth inequality.
Cross-party MPs urge Reeves to impose 2% tax on wealth above 10mProposed wealth tax on the rich could raise £24bn annually, aiming for a fairer economy.
No tax rises in payslips for 'working people', vows ministerLabour commits to not raising taxes on working people's payslips, despite potential tax rises in upcoming budget proposals.
Five key points from Starmer's speechThe government aims to implement painful economic measures with promises of future benefit, emphasizing the need for public support during tough financial times.
Rachel Reeves bets the house on 60,000 new bricklayers to help jumpstart economyThe Independent emphasizes the importance of on-ground journalism for unbiased coverage of critical issues facing the US.
This Is What Biden Has Done to Increase the National Debt by Nearly $5 TrillionReducing the federal deficit is crucial for lawmakers and citizens. Understanding spending impacts personal finance and national debt sustainability.
From more tax to rewriting budget rules: six alternative ways Rachel Reeves could raise moneyRachel Reeves faces criticism for conservative fiscal strategies that may harm vulnerable populations amid rising wealth inequality.
Cross-party MPs urge Reeves to impose 2% tax on wealth above 10mProposed wealth tax on the rich could raise £24bn annually, aiming for a fairer economy.
No tax rises in payslips for 'working people', vows ministerLabour commits to not raising taxes on working people's payslips, despite potential tax rises in upcoming budget proposals.
Five key points from Starmer's speechThe government aims to implement painful economic measures with promises of future benefit, emphasizing the need for public support during tough financial times.
Rachel Reeves bets the house on 60,000 new bricklayers to help jumpstart economyThe Independent emphasizes the importance of on-ground journalism for unbiased coverage of critical issues facing the US.
Liz Truss spends taxpayer cash on CV training for former stafferThe Independent emphasizes the need for grounded journalism and the importance of public support to ensure accessible news.
Reeves to be forced into fresh tax hikes or austerity as global economy falters, IFSChancellor Rachel Reeves may resort to tax hikes or austerity as public finances deteriorate, according to top economists.
Reeves may be forced to hike taxes as ministers refuse to rule out welfare U-turnThe Independent is dedicated to providing accessible journalism on critical issues without paywalls.Proposed reforms to Britain's welfare system may not proceed due to significant public and political backlash.
Watch live: Starmer and Reeves speak after Labour's 40bn tax-raising BudgetThe importance of accessible journalism at a crucial time in US history.
How much council tax in your local area will be this year with interactive mapThe Independent emphasizes on-ground journalism as crucial during critical historical moments.
Liz Truss spends taxpayer cash on CV training for former stafferThe Independent emphasizes the need for grounded journalism and the importance of public support to ensure accessible news.
Reeves to be forced into fresh tax hikes or austerity as global economy falters, IFSChancellor Rachel Reeves may resort to tax hikes or austerity as public finances deteriorate, according to top economists.
Reeves may be forced to hike taxes as ministers refuse to rule out welfare U-turnThe Independent is dedicated to providing accessible journalism on critical issues without paywalls.Proposed reforms to Britain's welfare system may not proceed due to significant public and political backlash.
Watch live: Starmer and Reeves speak after Labour's 40bn tax-raising BudgetThe importance of accessible journalism at a crucial time in US history.
How much council tax in your local area will be this year with interactive mapThe Independent emphasizes on-ground journalism as crucial during critical historical moments.
'Urban doom loop' likely fueling regional governnent deficitsPortland's budget shortfall exceeds $300 million, largely due to economic struggles and a declining population post-COVID-19.
PM Barnier tells parliament France must trim its colossal' debtNew PM Michel Barnier aims to reduce France's budget deficit and national debt with targeted tax hikes and spending cuts amidst political challenges.
'Urban doom loop' likely fueling regional governnent deficitsPortland's budget shortfall exceeds $300 million, largely due to economic struggles and a declining population post-COVID-19.
PM Barnier tells parliament France must trim its colossal' debtNew PM Michel Barnier aims to reduce France's budget deficit and national debt with targeted tax hikes and spending cuts amidst political challenges.
Frozen government money pipeThe Daily Treasury Statement provides detailed insights into the U.S. Treasury's daily financial operations.
Oakland cut police overtime to help balance its budget. Is it working?Oakland's police overtime budget is struggling under an $89 million shortfall, with cuts that may not yield expected savings.
Oakland has been paying too much overtime to city workers, watchdog reportsOakland has paid over $1.6 million in excess overtime due to improper calculation methods, necessitating urgent action to prevent further taxpayer waste.
Oakland's brand-new, revised deal to sell the Coliseum has a new timeline - and raises more questionsThe Oakland city sale of its Coliseum share is crucial for addressing a budget crisis, pending expected payments from a development group.
Oakland cut police overtime to help balance its budget. Is it working?Oakland's police overtime budget is struggling under an $89 million shortfall, with cuts that may not yield expected savings.
Oakland has been paying too much overtime to city workers, watchdog reportsOakland has paid over $1.6 million in excess overtime due to improper calculation methods, necessitating urgent action to prevent further taxpayer waste.
Oakland's brand-new, revised deal to sell the Coliseum has a new timeline - and raises more questionsThe Oakland city sale of its Coliseum share is crucial for addressing a budget crisis, pending expected payments from a development group.
NHS faces 5.7bn bill for patching up hospitals before demolishing themDelays in rebuilding crumbling hospitals will significantly increase repair costs, potentially reaching £5.7 billion by the time construction starts.
How Climate Change Will Affect Our Future: A Global PerspectivePublic finances are at risk, yet extreme green spending demands could cripple economic growth in the name of climate change.
Climate change fanatics want to bankrupt the entire world for little to no rewardClimate change will impact global GDP by just 1.9%-3.1% due to human adaptability, contrary to alarmist narratives.
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.
How Climate Change Will Affect Our Future: A Global PerspectivePublic finances are at risk, yet extreme green spending demands could cripple economic growth in the name of climate change.
Climate change fanatics want to bankrupt the entire world for little to no rewardClimate change will impact global GDP by just 1.9%-3.1% due to human adaptability, contrary to alarmist narratives.
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.
5 Cities That Developed New Crypto Projects and Initiatives in 2024 | HackerNoonQuincy, Massachusetts is pioneering DLT in municipal finance by using it for bond issuance, enhancing transparency and public engagement.
Pressure mounts on Rachel Reeves to drop dangerous' 1.3bn cut to benefits for disabledRachel Reeves faces pressure to reconsider £1.3bn cuts to disability benefits affecting 420,000 vulnerable people, as major policy reconsiderations are urged.
Government to review most Tory new-hospital schemesThe future of 25 projects under England's New Hospital Programme is uncertain due to feasibility and affordability concerns, as expressed by Health Secretary Wes Streeting.
State-funded UK scheme to save beloved community sites will close earlyThe community ownership fund, aimed at local asset control, is ending early, leaving substantial funds unallocated amid public finance issues.
Couple given go-ahead to sue governments over winter fuel paymentScottish couple seeks legal reversal of the scrapped universal winter fuel benefit, claiming inadequate government consultation and unlawful decision.
Inheritance tax receipts rise 0.2bn on year to 2.8bn in April to July 2024 - London Business News | Londonlovesbusiness.comInheritance Tax is rising due to higher asset values, frozen allowances, and increased wealth transfer from aging baby boomers.
Pressure mounts on Rachel Reeves to drop dangerous' 1.3bn cut to benefits for disabledRachel Reeves faces pressure to reconsider £1.3bn cuts to disability benefits affecting 420,000 vulnerable people, as major policy reconsiderations are urged.
Government to review most Tory new-hospital schemesThe future of 25 projects under England's New Hospital Programme is uncertain due to feasibility and affordability concerns, as expressed by Health Secretary Wes Streeting.
State-funded UK scheme to save beloved community sites will close earlyThe community ownership fund, aimed at local asset control, is ending early, leaving substantial funds unallocated amid public finance issues.
Couple given go-ahead to sue governments over winter fuel paymentScottish couple seeks legal reversal of the scrapped universal winter fuel benefit, claiming inadequate government consultation and unlawful decision.
Inheritance tax receipts rise 0.2bn on year to 2.8bn in April to July 2024 - London Business News | Londonlovesbusiness.comInheritance Tax is rising due to higher asset values, frozen allowances, and increased wealth transfer from aging baby boomers.
Could legal bid stop cruel' UK government plan to axe winter fuel benefit?The Labour government plans to abolish the Winter Fuel Payment, affecting millions of elderly and aiming to save significant funds.
Nearly 800,000 pensioners entitled to winter fuel payments will lose it, figures showThe UK government plans to cut winter fuel payments for 780,000 pensioners, primarily affecting low-income and disabled individuals, to address financial shortfalls.
Could legal bid stop cruel' UK government plan to axe winter fuel benefit?The Labour government plans to abolish the Winter Fuel Payment, affecting millions of elderly and aiming to save significant funds.
Nearly 800,000 pensioners entitled to winter fuel payments will lose it, figures showThe UK government plans to cut winter fuel payments for 780,000 pensioners, primarily affecting low-income and disabled individuals, to address financial shortfalls.
What the budget means for interest ratesReeves' budget may boost inflation and affect interest rate strategies despite aims for fiscal stability.
Rachel Reeves expected to extend stealth' freeze on income tax thresholdsLabour may extend the income tax threshold freeze beyond 2028 to address a £40bn public finance shortfall.
Reeves could raise 10bn a year by reducing pension tax relief, report saysRadical pension tax relief reforms could raise £10bn annually and address public finance shortfalls, according to the Fabian Society.
Winter fuel cut savings will be far less than Reeves expected, new analysis findsRachel Reeves' cut to pensioner winter fuel payments may yield significantly lower savings due to rising claims for pension credit.Projected savings from cuts to winter fuel payments are undermined by increased pension credit claims, challenging the fiscal strategy.
What the budget means for interest ratesReeves' budget may boost inflation and affect interest rate strategies despite aims for fiscal stability.
Rachel Reeves expected to extend stealth' freeze on income tax thresholdsLabour may extend the income tax threshold freeze beyond 2028 to address a £40bn public finance shortfall.
Reeves could raise 10bn a year by reducing pension tax relief, report saysRadical pension tax relief reforms could raise £10bn annually and address public finance shortfalls, according to the Fabian Society.
Winter fuel cut savings will be far less than Reeves expected, new analysis findsRachel Reeves' cut to pensioner winter fuel payments may yield significantly lower savings due to rising claims for pension credit.Projected savings from cuts to winter fuel payments are undermined by increased pension credit claims, challenging the fiscal strategy.
Budget 2024: How could Reeves find 40bn in taxes and cuts on Wednesday?Labour's first Budget in 15 years is confronting a significant fiscal gap left by the Conservative government, affecting public services and tax strategies.
Workers set for income tax hike as Rachel Reeves to extend freeze on thresholds'Keir Starmer and Rachel Reeves may break a manifesto pledge by extending income tax threshold freezes, impacting taxpayers amidst rising inflation.
What are employer national insurance contributions and what would raising them do?Chancellor Rachel Reeves may increase employer national insurance contributions in the upcoming budget, raising concerns about potential manifesto conflicts.
U.K. joins Europe in targeting the super-rich with fresh crackdown on foreign wealth, capital gains, and private jetsThe Autumn Budget signifies an end to austerity under Labour and includes a significant tax increase to stabilize public finances.
Capital gains tax won't rise to 39%, Starmer hintsThe government's stance on capital gains tax suggests no immediate rise to 39%, focusing instead on broader economic concerns.
The chancellor says she needs to raise 20bn. How might she do it?Chancellor Rachel Reeves must find £20bn in tax revenue without raising major tax rates, as she committed during her election campaign.
Budget 2024: How could Reeves find 40bn in taxes and cuts on Wednesday?Labour's first Budget in 15 years is confronting a significant fiscal gap left by the Conservative government, affecting public services and tax strategies.
Workers set for income tax hike as Rachel Reeves to extend freeze on thresholds'Keir Starmer and Rachel Reeves may break a manifesto pledge by extending income tax threshold freezes, impacting taxpayers amidst rising inflation.
What are employer national insurance contributions and what would raising them do?Chancellor Rachel Reeves may increase employer national insurance contributions in the upcoming budget, raising concerns about potential manifesto conflicts.
U.K. joins Europe in targeting the super-rich with fresh crackdown on foreign wealth, capital gains, and private jetsThe Autumn Budget signifies an end to austerity under Labour and includes a significant tax increase to stabilize public finances.
Capital gains tax won't rise to 39%, Starmer hintsThe government's stance on capital gains tax suggests no immediate rise to 39%, focusing instead on broader economic concerns.
The chancellor says she needs to raise 20bn. How might she do it?Chancellor Rachel Reeves must find £20bn in tax revenue without raising major tax rates, as she committed during her election campaign.
Watch live: Starmer warns Britain faces unprecedented challenges' ahead of BudgetBritain faces unprecedented challenges requiring urgent action on public finances and services, highlighting the need for a realistic approach to economics amidst a volatile landscape.
Reeves 'must find billions more' in time for BudgetChancellor Rachel Reeves must secure £16 billion to fulfill pre-election commitments alongside existing tax increases, amidst significant fiscal challenges.
Sixty days of Starmer: How has the Labour leader fared in his first two months?Sir Keir Starmer emphasizes the need for national renewal and public service while acknowledging challenges stemming from controversial decisions and a financial crisis.
Watch live: Starmer warns Britain faces unprecedented challenges' ahead of BudgetBritain faces unprecedented challenges requiring urgent action on public finances and services, highlighting the need for a realistic approach to economics amidst a volatile landscape.
Reeves 'must find billions more' in time for BudgetChancellor Rachel Reeves must secure £16 billion to fulfill pre-election commitments alongside existing tax increases, amidst significant fiscal challenges.
Sixty days of Starmer: How has the Labour leader fared in his first two months?Sir Keir Starmer emphasizes the need for national renewal and public service while acknowledging challenges stemming from controversial decisions and a financial crisis.
Home Office criticised for billions of asylum overspendingThe Home Office's budgeting for asylum spending is consistently insufficient and misaligned with actual requirements.
'Woeful' budgeting behind asylum overspends - IFSThe Home Office's repeated overspending on asylum support is due to inadequate budgeting practices, leading to significant shortfalls and reliance on Treasury funds.
Home Office continues to demand fees unlawfully charged for language testsUK visa applicants have been unlawfully charged for language tests, yet fees continue to be collected as the Home Office seeks legal backing.
Home Office criticised for billions of asylum overspendingThe Home Office's budgeting for asylum spending is consistently insufficient and misaligned with actual requirements.
'Woeful' budgeting behind asylum overspends - IFSThe Home Office's repeated overspending on asylum support is due to inadequate budgeting practices, leading to significant shortfalls and reliance on Treasury funds.
Home Office continues to demand fees unlawfully charged for language testsUK visa applicants have been unlawfully charged for language tests, yet fees continue to be collected as the Home Office seeks legal backing.
UK borrowing for September third highest on recordUK government borrowing in September reached £16.6bn, indicating financial struggles with higher spending relative to tax revenues.
Debt will overshadow IMF gathering as World Bank boss pleads for poorest countriesGovernments must reduce mounting public debt levels to ensure economic stability and avoid future crises.
Oakland vs. CWS: 'Extraordinary' moment in 2021 closed city meeting comes to lightA surprising proposal for a settlement significantly changed the expectation and dynamics of a tense legal dispute between Oakland and its recycling company.
UK government has no choice' but to cut winter fuel payment, says ministerThe UK government is compelled to cut the winter fuel allowance due to difficult public finance circumstances.
Labour 22bn black hole gloom unhelpful', former BoE chief economist warnsFormer Bank of England economist criticizes Labour's handling of fiscal black hole announcement, suggesting it created unnecessary fear and uncertainty.
UK government has no choice' but to cut winter fuel payment, says ministerThe UK government is compelled to cut the winter fuel allowance due to difficult public finance circumstances.
Labour 22bn black hole gloom unhelpful', former BoE chief economist warnsFormer Bank of England economist criticizes Labour's handling of fiscal black hole announcement, suggesting it created unnecessary fear and uncertainty.
The Age of Public Austerity and Private LuxuryNeoliberalism's rise was significantly influenced by social conservatives reacting to leftist movements, framing austerity as moral responsibility.
Met admits making mistakes on Palestine protestsThe Metropolitan Police acknowledged failures in managing large-scale protests and pointed out the heavy financial and resource burden on the service.
Explainer: When is Budget 2025? And everything else you need to knowBudget 2025 aims to support families with cost-of-living measures while avoiding inflation increases ahead of a possible general election.
Minister demands full review of 336,000 spend on shelter for 18 bikes at Leinster HouseThe expensive bike shelter's costs prompt public spending accountability discussions.
Leinster House's 336k bike shed is 'complete waste of public money', says Finance Minister Jack ChambersNeed for better value engineering and accountability in public projects.Lack of cost consideration led to unexpected budget issues.
Minister demands full review of 336,000 spend on shelter for 18 bikes at Leinster HouseThe expensive bike shelter's costs prompt public spending accountability discussions.
Leinster House's 336k bike shed is 'complete waste of public money', says Finance Minister Jack ChambersNeed for better value engineering and accountability in public projects.Lack of cost consideration led to unexpected budget issues.
Starmer warns things worse than ever imagined' in first key speech as prime ministerPublic finances are in worse shape than anticipated, with a 22 billion pound deficit impacting government budgeting.
By eyeing new tolls after Election Day, Gov. Hochul broadcasts contempt for New York votersGov. Hochul is exploring a politically motivated reduced-priced congestion toll that exempts city union workers after the November elections.
Bay Ridge Councilman to Run For City Comptroller in 2025Justin Brannan announced his candidacy for NYC Comptroller in 2025, emphasizing the need for tangible benefits for taxpayers.
What taxes might Rachel Reeves raise?Increasing taxes to address public finance deficit without burdening working people. Potential strategies include focusing on tax thresholds and capital gains tax.