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…
Thai govt set to further increase spending in 2025 fiscal year
BANGKOK (Reuters) – Thailand is planning a larger budget deficit of 713 billion baht ($20.71 billion) for the 2025 fiscal year and higher spending of 3.6 trillion baht that year, the government…
China identifies second set of projects in $140 billion spending plan
SHANGHAI (Reuters) – China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and…
Paychex’s quarterly revenue growth slows on weak client spending
(Reuters) – Payroll services provider Paychex reported its slowest rise in quarterly revenue in over two years on Thursday, hurt by tepid spending by businesses and a slower pace of hiring, sending…
OECD urges Brazil to rein in required spending and lower trade barriers
BRASILIA (Reuters) – The Organization for Economic Cooperation and Development (OECD) urged Brazil on Monday to reconsider its mandatory expenditures and dismantle trade barriers in order to bolster the potential growth of…
Exclusive-Ecuador will cut $1 billion in spending before seeking loans, sell some gold, president says
By Alexandra Valencia QUITO (Reuters) – Ecuador’s new government will cut $1 billion in spending to deal with “brutal inefficiency” before potentially seeking loans from multilateral organizations, and raise some $300 million…
Disney, Comcast increase US ad spending on Instagram after dropping Musk’s X – report
By Jaspreet Singh (Reuters) – Big U.S. companies including Walt Disney and Comcast increased advertising spending on Instagram after pausing commercials on X last month, according to Sensor Tower, as marketers flee…
Argentina devalues peso, cuts spending in economic shock therapy
(Reuters) – Argentina will weaken its peso by more than 50% to 800 per dollar, cut energy subsidies and cancel public works tenders as part of an economic shock therapy aimed at…
Argentina’s Caputo announces peso devalution to 800 per dollar, spending cuts
BUENOS AIRES (Reuters) – Argentine Economy Minister Luis Caputo laid out the new government’s economic shock plan on Tuesday, targeting public spending and a sharp currency devaluation as it looks to defuse…
Australia mid-year budget to flag spending curbs amid inflation risks
SYDNEY (Reuters) – Australia’s mid-year budget update will include about A$10 billion ($6.56 billion) in savings, official data showed on Tuesday, as the government looks to cut spending in a bid to…
Refiner Phillips 66 forecasts lower spending in 2024
(Reuters) – U.S. refiner Phillips 66 forecast lower spending in 2024 on Friday, days after Elliott Investment Management sought a revamp of its board to boost lagging performance. In November, the activist…
China’s investments to Vietnam boom as Xi visits Hanoi, US spending down
By Francesco Guarascio HANOI (Reuters) – Chinese investments in Vietnam have boomed this year in contrast to a slowdown in U.S. spending and trade, official data show, as the world’s two largest…
Top US congressional Democrat on spending says Republicans dragging feet
By Richard Cowan and Moira Warburton WASHINGTON (Reuters) – The Democratic chair of the U.S. Senate committee that sets spending policy on Wednesday said Republican House Speaker Mike Johnson was blocking his…
US House, Senate aim for bipartisan talks on 2024 spending -lawmakers
By David Morgan WASHINGTON (Reuters) – Members of the U.S. Senate and U.S. House of Representatives are expected to begin bipartisan talks soon on fiscal 2024 spending, aiming to head off a…
Colombia needs to cut spending by $5.7 billion to meet 2024 fiscal rule-committee
BOGOTA (Reuters) – Colombia will need to cut spending in 2024 by 23 trillion pesos, some $5.75 billion, to comply with its fiscal rule, a committee said on Tuesday, amid uncertainty over…
Australia trade drags on Q3 growth, government spending a boost
By Wayne Cole SYDNEY (Reuters) – Australia’s current account slid into deficit in the September quarter as prices for some commodity exports fell and locals spent more money abroad, leaving trade as…
US construction spending rises in October
WASHINGTON(Reuters) – U.S. construction spending increased more than expected in October amid strong gains in single-family homebuilding, but data for the prior month was revised lower. The Commerce Department said on Friday…
Dem Senator Who Helped Pass Biden’s Massive Spending Bills Blames Corporations For Inflation
Dem Senator Who Helped Pass Biden’s Massive Spending Bills Blames Corporations For Inflation Mary Lou Masters on November 29, 2023 Pennsylvania Democratic Sen. Bob Casey, who’s up for reelection in 2024, is…
Spending fight imperils US Pacific island funding meant to counter China
By Michael Martina and David Brunnstrom WASHINGTON (Reuters) – U.S. budget wrangling could further delay funding approval for new agreements with Pacific island nations meant to counter Chinese influence, creating an opportunity…
GM to cut spending on Cruise after accident – FT
(Reuters) -General Motors is to scale back spending on its self-driving unit Cruise after a pedestrian accident last month, Financial Times reported on Tuesday. GM and Cruise did not immediately respond to…
Argentine election may boost farmer spending, grain prices -biotech firm Bioceres
By Tom Polansek (Reuters) – Argentina’s farmers may be more willing to spend money on seeds and other agricultural products, hoping that new President-elect Javier Milei’s policies will improve earnings from their…
‘Strike One And Two’: House Republicans Express Frustration With Mike Johnson, GOP Leadership Over Stopgap Spending Bill
‘Strike One And Two’: House Republicans Express Frustration With Mike Johnson, GOP Leadership Over Stopgap Spending Bill Arjun Singh on November 18, 2023 Many House Republicans are furious that the body passed…
France eyes cuts to business subsidies and healthcare spending
PARIS (Reuters) – France’s government aims to rein in spending on business subsidies and medical care as part of plans to come up with 12 billion euros in savings from 2025, government…
Credit card data show drop in Israelis’ spending since start of Gaza war -cenbank
By Steven Scheer JERUSALEM (Reuters) – Five weeks into Israel’s war with Palestinian militant group Hamas, Israelis are spending less but a recovery may have begun after a steep drop at the…
Home Depot, Lowe’s may signal more pain from muted consumer spending, housing demand
By Deborah Mary Sophia (Reuters) – Wall Street is bracing for another quarter of weak sales from U.S. home improvement chains Home Depot and Lowe’s as demand remained under pressure from uneven…
Rand Paul Warns Of Potential ‘Disaster’ For Taxpayers If Spending Bills Pass
Rand Paul Warns Of Potential ‘Disaster’ For Taxpayers If Spending Bills Pass Harold Hutchison on November 7, 2023 Republican Sen. Rand Paul of Kentucky warned that taxpayers face a “disaster” from Senate…
Breaking News
