#social-spending-cuts

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Higher education
from24/7 Wall St.
2 weeks ago

Student Loan Garnishment of Social Security Is Still Looming. Here Is Where Things Stand Now.

Social Security garnishments for federal student loan defaults are paused until a new repayment plan launches in July 2026.
Retirement
from24/7 Wall St.
1 week ago

Is Social Security Really Going to Cut Benefits? Here's the 1 Thing to Know

Social Security benefit cuts are not inevitable, as lawmakers have historically found solutions to maintain scheduled benefits.
SF politics
from24/7 Wall St.
4 hours ago

This Trump Administration Move May Cause Lasting Damage to Social Security

The Trump Administration's staffing cuts at the Social Security Administration may lead to long-lasting damage to the Social Security benefits program.
Retirement
from24/7 Wall St.
22 hours ago

Social Security Issues Major Warning to Retirees

Retirees must be vigilant against increasing government impostor scams targeting their Social Security information.
Retirement
from24/7 Wall St.
1 day ago

These 5 Trump Administration Changes are Hurting Social Security Retirees

The Trump Administration made changes to Social Security that negatively impact retirees despite pledging not to cut benefits.
Higher education
from24/7 Wall St.
2 weeks ago

Student Loan Garnishment of Social Security Is Still Looming. Here Is Where Things Stand Now.

Social Security garnishments for federal student loan defaults are paused until a new repayment plan launches in July 2026.
Retirement
from24/7 Wall St.
1 week ago

Is Social Security Really Going to Cut Benefits? Here's the 1 Thing to Know

Social Security benefit cuts are not inevitable, as lawmakers have historically found solutions to maintain scheduled benefits.
Washington DC
fromTruthout
23 hours ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
US politics
fromsfist.com
3 days ago

Day Around the Bay: Trans Nonprofits Brace For Funding Cuts When Community Needs Them Most

Nonprofits for the transgender community face funding cuts amid a significant city budget deficit, impacting support when it's most needed.
US Elections
fromFortune
5 days ago

Wealth taxes on billionaires and $30 minimum wages are part of the same plan, advocate says. 'They should pay their fair share' | Fortune

Most voters support a billionaire tax, with 52% of California voters favoring a one-time 5% tax on the state's billionaires.
Boston real estate
fromwww.businessinsider.com
5 days ago

2 charts show how the highest and lowest earners spend their money

Lower-income Americans face significant financial challenges, with spending disparities compared to higher-income households affecting their budgets and lifestyle choices.
UK news
fromwww.independent.co.uk
6 days ago

UK households dip into savings amid struggle with cost of everyday essentials

The Independent provides accessible journalism on critical issues like reproductive rights and economic challenges, relying on donations to support its reporting efforts.
Washington DC
fromNextgov.com
1 day ago

Civilian agencies face 10% cuts in Trump's 2027 budget

President Trump proposed a $2.2 trillion fiscal 2027 budget with increased defense spending and cuts to non-defense agencies.
UK politics
fromwww.theguardian.com
3 days ago

Next week's disability cuts will make people destitute and you might not understand how bad they are until it's too late | Frances Ryan

Almost 750,000 severely ill and disabled people in Britain face a significant cut to their universal credit support.
New York City
fromwww.amny.com
1 week ago

NYC BUDGET: City Hall approves first round of savings after Mamdani told agencies to tighten belts | amNewYork

Mayor Zohran Mamdani's administration identified over $1.7 billion in savings to address NYC's budget gap through various efficiency measures.
UK politics
fromwww.bbc.com
3 days ago

Reform UK pledges to cut welfare to keep pensions triple lock

Reform UK plans to maintain the triple lock on pensions while proposing significant cuts to the benefits bill to offset costs.
SF politics
from48 hills
3 days ago

SF budget picture improves as mayor tries to cut the tax that is part of the recovery - 48 hills

San Francisco's financial outlook is improving, driven by increased tax revenues, particularly from high-end real estate transactions.
Right-wing politics
fromFortune
2 weeks ago

Economists agree: You're not crazy for feeling like the rich get richer, and the poor are doing worse. Welcome to the 'K-shaped economy' | Fortune

The K recovery illustrates a growing economic divide where the wealthy prosper while the poor struggle, echoing historical patterns of inequality.
fromTruthout
4 days ago

Low-Income Moms Struggle to Keep Their Families Afloat Amid Gas Price Increases

Luna Rosado, a single mother, has seen her gas expenses rise by $40 weekly due to a 30 percent increase in prices after the war in Iran. This has resulted in $160 less for groceries and other necessities each month, forcing her to constantly adjust her budget.
Washington DC
London politics
fromwww.bbc.com
2 weeks ago

Most council events cut over cost in Tower Hamlets

London councils cancelled 17 events in five years due to financial constraints, with Tower Hamlets accounting for 10 cancellations amid a £1bn budget shortfall.
Retirement
fromwww.housingwire.com
5 days ago

Policy turmoil, fiscal uncertainty cause retirement hesitation

Policy uncertainty significantly impacts economic activity and household financial decisions, particularly for near-retirees and retirees.
Fundraising
fromwww.theguardian.com
2 weeks ago

The Guardian view on falling donations to charity: rising living costs are part of the problem, but not all of it | Editorial

UK charitable donations fell from 15.4 billion to 14 billion, marking the first overall drop since 2021, with fewer donors giving smaller amounts despite high-profile fundraising campaigns.
UK politics
fromwww.bbc.com
6 days ago

PM launches Labour's local election campaign with focus on cost of living

Sir Keir Starmer emphasizes Labour's commitment to reducing the cost of living amid global conflicts affecting household bills.
Fundraising
fromwww.theguardian.com
2 weeks ago

High levels of debt on essential UK bills are the new normal', warn campaigners

Low-income households face rising arrears on essential bills including housing, utilities, and council tax, with rent and mortgage debt increasing significantly despite slower cost growth.
UK politics
fromwww.theguardian.com
6 days ago

Families hardest hit by energy crisis could be given funds dispensed by local councils

UK ministers are considering financial support for families affected by rising energy costs due to the Middle East conflict.
London politics
fromwww.independent.co.uk
3 weeks ago

Activists target supermarkets in mass shoplifting campaign for food banks

Take Back Power conducted coordinated mass shoplifting across UK cities, redistributing food to local food banks while arguing legality does not determine morality.
fromLondon Business News | Londonlovesbusiness.com
1 week ago
UK politics

Labour to axe 800 councillors and close 43 councils in sweeping shake-up - London Business News | Londonlovesbusiness.com

Labour plans to cut 800 councillors and shut down 43 councils in England, restructuring local government by 2028.
East Bay (California)
fromThe Oaklandside
1 month ago

Budget cuts devastated an Oakland public safety program. Now neighbors are scraping by

Oakland's elimination of the Neighborhood Services Division devastated nearly 50 volunteer-run neighborhood councils that lost dedicated coordinators and community resource officers, forcing them to operate independently without city support.
SF politics
fromLos Angeles Times
2 weeks ago

Eliminating a corporate tax break is pitched as a way to make up for federal healthcare cuts

California lawmakers propose repealing a tax break allowing multinational corporations to exclude foreign subsidiary income from state taxation, potentially generating billions in annual revenue.
Environment
fromwww.independent.co.uk
1 month ago

UK's climate aid cuts condemned as reckless' slashing by charities and campaigners

The UK government is cutting international climate finance funding from 11.6 billion to 9 billion pounds, contradicting climate pledges and harming vulnerable nations during a critical climate crisis.
fromTheregister
1 week ago

Wales used Copilot to justify axing publicly funded body

I was alarmed and made a point to the board that the review refers to Microsoft Copilot as being used to evaluate the returns. I don't think you can rely on artificial intelligence to do that. It's just wrong.
UK politics
US politics
fromwww.independent.co.uk
1 month ago

IFS warns UK faces tax hikes or cuts to public services in bid to hit defence target

UK government must choose between tax increases or public service cuts to meet NATO's 3.5% defense spending target, requiring an additional £35 billion annually.
UK politics
fromwww.independent.co.uk
1 week ago

Government losing hard-won gains on women's rights as aid cuts bite, MPs warn

Government cuts to international aid threaten women's rights and undermine the Women, Peace and Security agenda, risking hard-won gains in global gender equality.
Miscellaneous
fromIndependent
1 month ago

Tanaiste vows Government action over surging energy and healthcare costs

Tánaiste Simon Harris announced taxation and support measures for low and middle-income earners struggling with take-home pay, while acknowledging rising electricity bill arrears affecting one in seven Irish households.
UK politics
fromwww.theguardian.com
1 week ago

The Guardian view on aid cuts: Britain championed development funding its meanness is shortsighted | Editorial

Global child mortality decreased significantly due to overseas development aid, but cuts in aid budgets threaten to reverse this progress.
Public health
fromLGBTQ Nation
1 month ago

Funding cuts are devastating Black HIV prevention work. But activists say pressure is working. - LGBTQ Nation

Federal funding cuts to HIV prevention and care programs threaten Black-led organizations that have historically filled gaps in public health infrastructure and served as first responders to the HIV crisis.
Fundraising
fromIrish Independent
1 month ago

Hundreds protest in Dublin calling for emergency disability payment

Disability organizations rallied in Dublin demanding immediate emergency payment for disabled people after last year's budget reduced support by up to €1,400 annually.
US news
fromwww.aljazeera.com
1 month ago

South Africa: A year after USAID cuts

US government USAID funding cuts in 2025 caused widespread job losses in South Africa, with health workers and patients continuing to experience severe impacts a year later.
UK politics
fromwww.independent.co.uk
2 weeks ago

Ministers are trying to bury the consequences of UK aid cuts

The UK Labour government cut 40% from international development budget, withdrawing from pandemic prevention and polio eradication initiatives despite global health risks.
Retirement
from24/7 Wall St.
4 weeks ago

66-Year-Olds Claiming Social Security in 2026 Could Face Shocking Benefit Cut

Full retirement age has increased beyond 66 for most workers, and claiming at 66 in 2024 results in approximately 6.67% benefit reduction.
SF politics
fromFortune
1 month ago

Nationwide voter revolt over property taxes collides with reality that every other revenue source has been slashed already | Fortune

Multiple states are pursuing property tax cuts during election years, facing resistance over impacts on local government and school funding, reminiscent of California's 1978 Proposition 13.
UK politics
fromwww.theguardian.com
3 weeks ago

Labour has weapons in its arsenal to cushion the poorest from Iran war economic fallout | Heather Stewart

Labour's scrapping of the two-child limit will provide £440 monthly to over half-a-million households from April, potentially lifting 480,000 children out of poverty by 2026 amid rising inflation concerns.
Major League Baseball
fromTalkNats.com
1 month ago

It's all about the money..... and the lack thereof! | TalkNats.com

MLB's revenue-sharing model and absence of a salary cap produce low profitability, encourage cost-minimizing ownership, and require CBA reforms for competitive balance.
fromNonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
2 months ago

Nonprofits Devise Creative Solutions to Address Federal Funding Cuts | Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.

Over the years, I've worked as a consultant on numerous federal grant projects from the US Department of Agriculture and elsewhere that focused on local economic development and were granted to nonprofits serving their communities. But since the 2024 elections, the focus of my work-and that of the small New Mexico-based consulting firm, Prospera Partners, that I lead-has shifted to help nonprofits develop strategies to sustain themselves despite federal cuts in funding and to programs that once supported their work.
Non-profit organizations
Germany news
fromwww.dw.com
2 months ago

Germany: Local governments face financial collapse DW 01/07/2026

Germany's municipalities face severe budget shortfalls as automotive industry collapse slashes trade-tax revenues once underpinning wealthy towns like Weissach.
Education
fromMission Local
2 months ago

SFUSD's proposed cuts will hit small schools hardest. Most are already hurting.

Proposed $102 million SFUSD cuts will disproportionately impact high-need students, removing assistant principals, counselors, and security from small, low-income secondary schools.
#local-government-finance
fromwww.theguardian.com
2 months ago

Vienna closes museums and cuts opening hours as part of austerity drive

The apartment where the Austrian composer Franz Schubert died, the residence of Blue Danube writer Johann Strauss, as well as the house where Joseph Haydn lived are to be closed temporarily owing to cost-saving measures, the director of Vienna's museums announced on Wednesday. The closures are part of broader austerity measures that will also see the price of public transport in the Austrian capital rise by almost 30% for some tickets. We all have to economise, said Matti Bunzl, the head of public body the Wien Museum that oversees several historical sites in the Austrian capital.
Music
fromwww.thelocal.fr
2 months ago

OPINION: PM has steadied France, but sacrificed any hope of cutting the deficit

The Prime Minister, Sebastien Lecornu, was given little chance of survival, let alone finding a budget deal, when he was appointed for a second time in October. He deserves some credit for backing the heavy truck of the French political system out of a cul-de-sac (English for voie sans issue). Otherwise, what have we learned? That France still refuses to face up to a deficit crisis a half-century in the making;
France news
World news
fromenglish.elpais.com
1 month ago

Public debt: A ticking time bomb about to explode?

Global public debt is nearing $100 trillion and exceeds historical norms, becoming a structural economic burden while growth remains insufficient.
Canada news
fromwww.cbc.ca
2 months ago

Changes to federal funding put Toronto youth violence prevention programs at risk | CBC News

Federal crime-prevention funding ending March 31, 2026 will cut Toronto's social development budget by $6.2M and risks youth violence-prevention programs.
UK politics
fromwww.independent.co.uk
1 month ago

Conservatives pledge to boost defence spending by bringing back two-child benefit cap

The Conservative Party plans to reinstate the two-child benefit cap and redirect the estimated £3.2 billion annually to defence spending and deficit reduction if elected.
fromwww.thelocal.es
1 month ago

Inside Spain: The struggle to save up and the darkest January in 30 years

Do you remember a time in your city in Spain when bar and restaurant terraces were not packed with locals having fun (except for during the Covid-19 lockdown, of course)? No matter how tight finances are, Spaniards always seem to have the money for eating and drinking out. Some would say this carpe diem attitude is to be admired rather than sniffed at. After all, it goes hand in hand with the much-admired Spanish lifestyle - outdoors, in the company of others, enjoying the moment.
Miscellaneous
UK politics
fromLondon Business News | Londonlovesbusiness.com
1 month ago

Fiscal drag caused by the freezing of personal allowances impacting people's finances - London Business News | Londonlovesbusiness.com

Chancellor Rachel Reeves' policies raise concerns about cost of living impacts despite claims of £1,000 annual improvement, with frozen tax thresholds until 2030 potentially offsetting gains.
Public health
fromLos Angeles Times
1 month ago

L.A. County cuts nearly $200 million in homeless services to close budget gap

County cuts nearly $200 million in homeless services, shrinking outreach, motel placements, rental assistance, and shelter programs amid a $270 million budget shortfall.
Germany news
fromwww.dw.com
2 months ago

Germany: The harsh reality of cutting development aid

Germany will concentrate reduced development funds on hunger, poverty, and security priorities while acknowledging it cannot replace US aid or match China.
fromTruthout
2 months ago

The Affordability Crisis Is Real. Only Worker Organizing Can Offer Solutions.

A friend recently told me a story that made this reality impossible to ignore. Her elderly parents live near an elementary school not far from the nation's capital. For several years, they had been quietly raising money to provide groceries and basic supplies for families whose children were going hungry. When Republicans suspended SNAP benefits, the need surged overnight. What had been a steady act of care suddenly became an emergency response.
US politics
London politics
fromwww.standard.co.uk
1 month ago

Flagship London borough warns of looming financial crisis as it makes big council tax announcement

Westminster will keep almost all council tax frozen, add a small adult social care precept, but warns of severe budget shortfalls from government funding changes.
fromwww.dw.com
2 months ago

Trump admin cuts federal funding for childcare in 5 states DW 01/07/2026

The freeze applies to the "Child Care and Development Fund" worth $2.4 billion (2.2 billion), the "Temporary Assistance for Needy Families" worth $7.35 billion and the "Social Services Block Grant" worth $869 million. HHS said it had notified the five states and that they would require extra documentation to access the funds. The New York Post was the first to report the funding freeze for certain social services on Monday, citing unnamed federal officials that expressed "concerns that the benefits were fraudulently funneled to non-citizens."
US politics
UK news
fromLondon Business News | Londonlovesbusiness.com
1 month ago

Taxpayers have been taken advantage off yet again by immigrants and the government - London Business News | Londonlovesbusiness.com

Hundreds of migrants will receive compensation after authorities unlawfully seized phones, disrupting contact, legal access, and everyday life.
US politics
fromFortune
2 months ago

Rethinking affordability: policy has to start with how households experience shocks | Fortune

Many households face persistent declines in economic well-being, so headline improvements often fail to restore household affordability.
UK news
fromwww.independent.co.uk
1 month ago

MPs warn of catastrophic' consequences if UK does not pause aid cuts

UK plans to cut overseas aid from 0.5% to 0.3% of GNI and restructure the FCDO, risking severe global harm and prompting calls to pause.
US politics
fromPsychology Today
2 months ago

In the U.S., Who Deserves Financial Stability?

Cultural defaults like individualism and the American Dream shape attitudes toward social welfare and can help or hinder changemakers seeking equitable policy solutions.
UK news
fromwww.bbc.com
2 months ago

Government to give cash payouts to people in financial crisis

Crisis and Resilience Fund provides £1bn yearly for three years to let councils deliver cash emergency support to low-income people.
US politics
fromwww.mercurynews.com
1 month ago

Federal budget cuts lead this East Bay county to consider a new tax to fill the gaps

Contra Costa County may seek a 0.625% sales tax increase to raise ~$150 million annually to reduce budget shortfalls and preserve health services.
US politics
fromFlowingData
2 months ago

Job cuts for every federal agency

The federal workforce has shrunk by about 220,000 workers, while Immigration and Customs Enforcement grew roughly 30 percent amid expanded deportation efforts.
UK politics
fromTheregister
1 month ago

The UK government isn't spending much taxpayer cash on X

Most UK government departments ceased paid spending on X since July 2024, while the Department for Education spent £27,118.
fromLondon Business News | Londonlovesbusiness.com
2 months ago

UK in danger of becoming a 'welfare state with a bankrupt country attached' - London Business News | Londonlovesbusiness.com

My reforms changed the welfare system to make work pay and brought workless households to an all-time low. But because of the post-Covid collapse in vetting and rise of health-related welfare claims, millions of workers could take home more from welfare than wages after tax. This is an outrageous state of affairs. The system must stop writing off thousands every day and incentives to work need to be restored to end this ruinous waste of human potential.
UK politics
UK politics
fromwww.theguardian.com
2 months ago

The Guardian view on deepening poverty in the UK: a catastrophic Tory legacy has cut millions adrift | Editorial

Conservative policies from 2010–2024 left overall relative poverty unchanged, increased deep destitution, and forced millions into severe hardship despite many being in work.
UK politics
fromwww.theguardian.com
2 months ago

Scottish budget: SNP government cuts taxes for lowest earners

Scottish government raised income-tax thresholds modestly, cutting taxes mainly for low earners while using reserves, spending cuts, and borrowing to fund election pledges.
fromwww.bbc.com
1 month ago

County council facing 'effective bankruptcy'

"If we don't get what we need [in terms of extra government help] then a Section 114 Notice will come in, which is effective bankruptcy. We'd then get administrators come in, in effect - they'd then make a plan for where the money gets spent in Worcestershire. It would be a catastrophe. We're going to have to halt projects that were put into the budget by the previous administration, things that maybe were 'nice to have', but we can't afford them."
UK politics
fromBusiness Matters
2 months ago

Government to give cash payouts to people in financial crisis

The government is to roll out a new £1bn-a-year support scheme designed to give people on low incomes direct access to emergency cash when they face sudden financial shocks. The Crisis and Resilience Fund, which launches in April, will run for an initial three years and replace the temporary Household Support Fund that has been extended repeatedly since its introduction during the pandemic in 2021.
UK politics
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