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…
US Deficit Skyrockets Thanks To Biden’s Massive Government Spending
US Deficit Skyrockets Thanks To Biden’s Massive Government Spending Lillian Tweten on September 4, 2023 The federal government’s deficit for fiscal year 2023 is set to double thanks largely to large amounts…
Japan household spending suffers biggest drop in 2-1/2 years; outlook not as gloomy
TOKYO (Reuters) – Japanese household spending suffered its biggest drop in nearly 2-1/2 years squeezed by rising prices, although volatility in some items meant the outlook might not be as gloomy as…
UK consumer spending growth slows in August despite ‘Barbenheimer’ boost
By David Milliken LONDON (Reuters) – British consumer spending growth lost pace last month, adding to signs of a weakening economy, despite a doubling in cinema takings after the release of the…
From ‘jorts’ to clear backpacks, US back-to-school spending to hit record high this year
By Kailyn Rhone (Reuters) – See-through backpacks and jean shorts are among the popular last-minute purchases ahead of the new school year, several retailers said, as heat waves sweep the U.S. and…
US construction spending rises strongly in July on single-family housing
WASHINGTON (Reuters) – U.S. construction spending increased solidly in July as a shortage of houses on the market boosted outlays on single-family housing projects. The Commerce Department said on Friday that construction…
Qatar records $2.74 billion budget surplus in Q2, spending up sharply
By Rachna Uppal (Reuters) – Qatar recorded a budget surplus of 10 billion riyals ($2.74 billion) in the second quarter of 2023, the finance ministry said on Thursday, despite lower hydrocarbon revenue…
Japan makes record defence spending request amid tension with China
By Sakura Murakami TOKYO (Reuters) – Japan’s defence ministry made a record spending request on Thursday of 7.7 trillion yen ($52.67 billion), for fiscal 2024, the latest step of a plan to…
Government spending, macro headwinds threaten Brazil’s economy: ex-central bank chief Fraga
By Lisa Pauline Mattackal (Reuters) – Insufficient government spending cuts, rising global interest rates and tighter liquidity place Brazil in a risky fiscal situation, a former governor of the central bank said…
New Zealand cuts spending plans as China, global economies slow
SYDNEY (Reuters) – New Zealand said on Monday it would cut its future budget allowances, reduce spending on consultants and for some government programmes citing a deterioration in the global economy, and…
JENNY BETH MARTIN: House Freedom Caucus Wants To Do Something About Out Of Control Spending
JENNY BETH MARTIN: House Freedom Caucus Wants To Do Something About Out Of Control Spending Jenny Beth Martin on August 27, 2023 On Monday, the House Freedom Caucus (HFC) struck a blow…
US department stores see higher credit delinquencies amid strained spending
By Katherine Masters and Ananya Mariam Rajesh (Reuters) – Major U.S. department stores including Macy’s and Nordstrom are flagging delays in store credit card repayments, another risk to revenues as consumers pull…
Poland’s 2024 budget to see big spending on defence, social benefits
WARSAW (Reuters) – Poland plans to raise spending on defence, health, social benefits and public sector pay in 2024, the prime minister said on Thursday, after the government approved the budget for…
Australia economy to slow, govt spending to rise as population ages-report
SYDNEY (Reuters) – Australia faces decades of slower economic growth as its population gets older which will pressure the budget and lift national debt, a government report projected on Thursday, while taxation…
Germany On Track To Miss Climate Goals Despite $500B+ Green Spending Spree
Germany On Track To Miss Climate Goals Despite $500B+ Green Spending Spree Nick Pope on August 23, 2023 Germany is on track to fall short of its ambitious long-term climate change goals…
House Freedom Caucus Throws Wrench Into Congress’ Government Spending Fight
House Freedom Caucus Throws Wrench Into Congress’ Government Spending Fight Arjun Singh on August 21, 2023 The House Freedom Caucus has issued a list of demands for 12 appropriations bills that will…
‘Bloated Federal Spending’: Mike Pence Unveils Plan Reverting Power Back To The States
‘Bloated Federal Spending’: Mike Pence Unveils Plan Reverting Power Back To The States Mary Lou Masters on August 16, 2023 Former Vice President Mike Pence unveiled his plan Wednesday to bolster states’…
Target set to post first quarterly revenue drop in six years as consumers cut spending
By Granth Vanaik (Reuters) – Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from…
Federal Government’s Spending And Money Printing Spree Causing ‘Inflation Tax’ Which Is Greater Than Income Tax
Federal Government’s Spending And Money Printing Spree Causing ‘Inflation Tax’ Which Is Greater Than Income Tax Will Kessler on August 11, 2023 Americans are paying far more to offset the costs of…
Universities Are Spending Like Crazy To Grow Their Bureaucracies, And Students Are Footing The Bill, Analysis Finds
Universities Are Spending Like Crazy To Grow Their Bureaucracies, And Students Are Footing The Bill, Analysis Finds Reagan Reese on August 10, 2023 Public universities across the United States are spending money…
Rainy July hurts UK retailers: spending growth slowest in 11 months
LONDON (Reuters) – British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday.…
Morgan Stanley warns of hit to equity valuation if US fiscal spending is cut
(Reuters) – Brokerage Morgan Stanley on Monday warned that lofty U.S. equity valuations could be questioned by investors if aggressive fiscal spending is curtailed after the downgrade of sovereign debt by ratings…
Russia Doubles Defense Spending As War With Ukraine Escalates
Russia Doubles Defense Spending As War With Ukraine Escalates Jake Smith on August 4, 2023 Russia has doubled its defense spending goals amid surging costs in the war effort against Ukraine, Reuters…
US construction spending rises strongly in June
WASHINGTON (Reuters) – U.S. construction spending increased solidly in June and the prior month’s data was revised higher, boosted by outlays in both single and multifamily housing projects. The Commerce Department said…
US House, Senate leaders committed to passing spending bills, McCarthy says
WASHINGTON (Reuters) – U.S. House of Representatives Speaker Kevin McCarthy said on Thursday that he and Senate Majority Leader Chuck Schumer were committed to passing all spending bills by the Sept. 30…
Ukraine’s Zelenskiy calls for spending restraint, minister offers to resign
KYIV (Reuters) – Ukrainian President Volodymyr Zelenskiy urged his government on Thursday to keep a tight rein on spending in wartime, in a call that resulted in his culture minister, a proponent…
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