Murphy blames GOP for rising energy costs in New Jersey, cites federal spending bill
TRENTON, N.J. — New Jersey Gov. Phil Murphy is blaming Republicans and the Trump Administration for rising energy prices across the state, criticizing a recently signed federal spending bill he says will…
Brazil’s Lula eyes flexible primary surplus target to replace spending cap
By Lisandra Paraguassu SAO PAULO (Reuters) – Economic advisers to Brazilian presidential candidate Luiz Inacio Lula da Silva are looking at two main ideas to replace a constitutional spending cap, including a…
As NYC teacher and student numbers plummet, school spending increases
Reagan Reese on October 4, 2022 New York schools will spend almost double the national average per pupil, as state aid increases 9.4% per student even as student enrollment and teacher numbers…
U.S. construction spending posts biggest drop in 1-1/2 years in August
WASHINGTON (Reuters) – U.S. construction spending fell by the most in 1-1/2 years in August, pulled down by a sharp decline in outlays on single-family homebuilding amid surging mortgage rates. The Commerce…
China offers loans of $42 billion for infrastructure spending
BEIJING (Reuters) – China has distributed an additional 300 billion yuan ($42 billion) allocated for infrastructure projects through three state policy banks as of Wednesday, the official Securities Times reported on Thursday.…
Miami Resident Charged with Running $4.6 Million Ponzi Scheme, Spending Investor Money on Wedding and Vacations
MIAMI — South Florida federal prosecutors have charged Judith Dianne Paris-Pinder, 49, with defrauding people out of millions by lying about the nature of proposed investments (soon-to-be paid, lawyer-negotiated insurance company settlements)…
U.S. Senate Republican leader opposes Manchin energy permitting proposal included in stop-gap spending bill
WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell said an energy permitting proposal by Democratic Senator Joe Manchin is a “poison pill” in a stop-gap spending package to keep federal government…
Inflation, spending cuts undermine Biden’s hunger policy
By Christopher Walljasper CHICAGO (Reuters) – Grace Melt made her first visit to the Nourishing Hope food pantry on Chicago’s North Side in August. Throughout the COVID-19 pandemic, she used food stamps…
US House could take up stop-gap spending bill on Tuesday, Pelosi says
WASHINGTON (Reuters) – The U.S. House of Representatives can consider the stop-gap government spending bill next week as soon as it passes the Senate, hopefully as soon as Tuesday night, House Speaker…
Brazil’s govt eyes new fiscal rule to increase spending from 2023
By Bernardo Caram BRASILIA (Reuters) – Brazil’s Economy Ministry is mulling a new fiscal rule that would allow government spending to grow above inflation depending on economic growth and the gross debt…
Japan PM Kishida faces pressure to ramp up spending as approval slides
By Leika Kihara TOKYO (Reuters) -Japan’s ruling party is ramping up calls for a fresh spending package worth at least $105 billion to cushion the blow from rising inflation, reinforcing fears that…
India economic growth to be sustained by consumer spending rebound, says govt review
MUMBAI (Reuters) – A sharp rebound in consumer spending and rising employment will sustain economic growth in India in the months ahead, the government said in its monthly economic review for August…
White House unveils $2 billion biotech spending plan ahead of industry summit
By Jarrett Renshaw (Reuters) – The White House released new details on Wednesday on how it plans to invest more than $2 billion in the U.S. biotechnology sector as it hosts a…
Energy permitting bill to be attached to stop-gap spending bill -U.S. Senate leader Schumer
WASHINGTON (Reuters) – A bill aimed at updating federal permitting of energy pipelines and other facilities will be attached to a temporary spending bill that must be enacted before Sept. 30, U.S.…
‘Boondoggles Of Spending’: Military Personnel Are Struggling To Get By As Pentagon Budget Falls Short
‘Boondoggles Of Spending’: Military Personnel Are Struggling To Get By As Pentagon Budget Falls Short Micaela Burrow on September 12, 2022 Like many Americans, some military personnel are struggling to make ends…
French retirement spending threatens deficit targets -pension panel
PARIS (Reuters) – France’s public spending on pensions as currently planned threatens President Emmanuel Macron’s deficit-reduction targets, an independent retirement system panel said in a report to be released later this week.…
Euro zone Q2 growth revised up, supported by household spending
BRUSSELS (Reuters) – Euro zone economic growth was stronger than previously estimated in the second quarter, data showed on Wednesday, as household spending recovered after half of year of stagnation despite the…
Business travel budgets rising as firms use 2019 as spending benchmark -CWT
By Jamie Freed SYDNEY (Reuters) – Business travel budgets are poised to rise in 2023 as companies benchmark against pre-pandemic levels of travel spending despite growing uncertainty over the economic outlook, a…
Australia government spending makes minor contribution to Q2 GDP
SYDNEY (Reuters) – Australian government spending edged up 0.5% in the June quarter as consumption paused after a very strong first quarter, making a minor contribution to economic growth. Spending on operational…
Single-family homebuilding weighs on U.S. construction spending in July
WASHINGTON(Reuters) – U.S. construction spending declined further in July as rising mortgage rates weighed on single-family homebuilding, offsetting a rebound in outlays on public projects. The Commerce Department said on Thursday that…
SMITH: Biden’s Spending Spree Has Supercharged Washington’s Power Over The American People
SMITH: Biden’s Spending Spree Has Supercharged Washington’s Power Over The American People Rep. Jason Smith on August 31, 2022 When huge swaths of the country were forced to shut down in response…
Finland to slash electricity tax over winter, subsidise bills
By Essi Lehto and Anne Kauranen HELSINKI (Reuters) -Finland on Thursday slashed value-added tax on electricity to 10% from 24% over the winter and said it would pay more subsidies to those…
Sri Lanka’s president to cut spending in interim budget
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the…
M onthly inflation brakes sharply; Gasoline price drop restrains U.S. consumer spending
By Lucia Mutikani WASHINGTON – U.S. consumer spending barely rose in July as falling gasoline prices hurt sales at service stations, but monthly inflation slowed sharply, which could reduce the need for…
‘Incongruities In Morality’: Biden’s Climate Activist Allies Aren’t Happy With Massive Spending Bill
‘Incongruities In Morality’: Biden’s Climate Activist Allies Aren’t Happy With Massive Spending Bill Jack McEvoy on August 18, 2022 Activists on President Joe Biden’s environmental justice council are frustrated by what they…
UK consumer spending drops as inflation hit intensifies
LONDON (Reuters) – British consumers’ spending on credit and debit cards fell sharply over the past week and other measures of their behaviour were either stable or declined, weekly data collated by…
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