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…
EU ministers back more Ukraine aid, but differ on other spending
BRUSSELS (Reuters) – European Union finance ministers on Friday unanimously backed extra funds for Ukraine through a top-up of its long-term budget, although differences persisted over other spending that threaten to delay…
Back-to-school spending set for first decline in nine years as inflation bites – report
By Deborah Mary Sophia (Reuters) – Back-to-school spending is expected to fall for the first time in nine years as shoppers across all income levels pull back on non-essential purchases and prioritize…
For many, French urban spending can’t shake the ghetto feeling
By Tassilo Hummel WOIPPY, France (Reuters) – After a bout of street unrest just over a decade ago, the Woippy suburb of the northeastern city of Metz secured state funding to improve…
Aussie retailers in for more pain as high interest rates squeeze spending – Citi
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate…
Ireland to hike core government spending by 6.1% in 2024
DUBLIN (Reuters) – Ireland intends to increase core public expenditure by 6.1% next year in an overall budget package of 6.4 billion euros ($6.98 billion), according to its Summer Economic Statement. Two…
US construction spending beats expectations in May on housing
WASHINGTON (Reuters) – U.S. construction spending increased more than expected in May as a severe shortage of houses for sale boosted outlays on single-family homebuilding. The Commerce Department said on Monday that…
Fourth Of July Cookout Spending To Hit Record High Amid Inflation
Fourth Of July Cookout Spending To Hit Record High Amid Inflation Laurel Duggan on July 3, 2023 Individual spending on Fourth of July food items has risen to $93.34 on average across…
Investors, analysts question Nike’s wholesale strategy amid gloomy N. American spending
By Katherine Masters and Ananya Mariam Rajesh NEW YORK (Reuters) – Some analysts and investors question Nike’s move to sell its sneakers and clothing through other retailers including Macy’s as Americans grow…
Instant View: US consumer spending edges up in May; inflation still high
(Reuters) – U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal Reserve to resume raising interest rates next month. The personal consumption expenditures (PCE)…
Trump, DeSantis allies drive a 2024 election spending spree
By Jason Lange and Nathan Layne WASHINGTON (Reuters) – Two groups allied with former President Donald Trump and Florida Governor Ron DeSantis have pumped more than $30 million into the 2024 Republican…
Thailand’s economy picks up in May as tourism, spending rise
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s economy continued to recover in May as tourism gathered momentum and private and public spending increased while exports remained weak, the central…
Analysis-‘Show us the money’: Canada pressured by allies to up military spending
By Steve Scherer OTTAWA (Reuters) – Canada is expected to boost military spending after a government review next month, but the increase is unlikely to comfort allies facing new threats and it…
Oracle spending ‘billions’ on Nvidia chips this year – Ellison
By Stephen Nellis MENLO PARK, California (Reuters) – Oracle Corp is spending “billions” of dollars on chips from Nvidia Corp as it expands a cloud computing service targeting a new wave of…
Fed Chair Claims Massive Government Spending Bills Aren’t Driving Inflation
Fed Chair Claims Massive Government Spending Bills Aren’t Driving Inflation Harold Hutchison on June 28, 2023 Federal Reserve Chairman Jerome Powell claimed Wednesday during a panel at the ECB Forum on Central…
CARTER And GILMORE: Biden Wants Higher Taxes And More Spending. We Have A Better Idea
CARTER And GILMORE: Biden Wants Higher Taxes And More Spending. We Have A Better Idea James Carter and Jim Gilmore on June 17, 2023 Having resolved the latest federal debt ceiling “crisis,”…
Russian officials seek to streamline budget spending, but disagree on tax hikes
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) – Faced with a $42 billion budget hole so far this year, Russian officials on Thursday acknowledged the need for more efficient budget spending…
House GOP Spending Bill Would Block Veterans Affairs From Funding Sex Changes, Abortions
House GOP Spending Bill Would Block Veterans Affairs From Funding Sex Changes, Abortions Micaela Burrow on June 14, 2023 A GOP-led spending bill that passed committee Tuesday would block the Department of…
France’s Finance Minister pledges renewed push to cut public spending -FT
(Reuters) – French Finance Minister Bruno Le Maire will take a more stringent approach to public finances, he told the Financial Times ahead of a June 19 conference expected to unveil large…
U.S. ‘aspirational’ shoppers are spending less on fashion, jewelry
By Katherine Masters NEW YORK (Reuters) – A gulf in spending patterns between wealthy Americans and so-called “aspirational” shoppers is driving luxury retailers to search out new sources of revenue and, in some…
‘Their Policy Is Insolvency’: Pence Bashes Trump And Biden Over Entitlement Spending
‘Their Policy Is Insolvency’: Pence Bashes Trump And Biden Over Entitlement Spending Harold Hutchison on June 8, 2023 Former Vice President Mike Pence criticized former President Donald Trump and President Joe Biden…
McCarthy Pushes Back Against Senate GOP On Defense Spending
McCarthy Pushes Back Against Senate GOP On Defense Spending Arjun Singh on June 6, 2023 House Speaker Kevin McCarthy has signaled that he will not support an increase to the defense spending…
Senate Republicans Propose FY 2024 Budget Plan with $6 Billion of New Tax Relief, More Debt Reduction, Spending Moderation & Greater Transparency
The Republican members of the Senate Budget & Appropriations Committee proposed more than $6 billion of new tax relief, $1 billion for debt reduction, and greater transparency and fairness in State spending…
‘We Can’t Keep Kicking This Can Down The Road’: Haley Rips Trump, DeSantis Over Entitlement Spending
‘We Can’t Keep Kicking This Can Down The Road’: Haley Rips Trump, DeSantis Over Entitlement Spending Harold Hutchison on June 4, 2023 Former Ambassador to the United Nations Nikki Haley blasted former…
GOP Senators Slam House Republicans For Defense Spending Levels In Debt Bill
GOP Senators Slam House Republicans For Defense Spending Levels In Debt Bill Arjun Singh on June 1, 2023 Several Republican senators are criticizing their counterparts in the House of Representatives for including…
US construction spending surges in April
WASHINGTON (Reuters) – U.S. construction spending surged in April, boosted by investment in nonresidential structures, but higher mortgage rates continued to depress single-family homebuilding. The Commerce Department said on Thursday that construction…
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