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 …
Spending
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‘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 …
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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 …
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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 …
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US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 – source
by Reutersby Reuters(Reuters) – A deal reached to raise the U.S. federal government’s $31.4 trillion debt ceiling keeps non-defense spending roughly flat for current fiscal year and 2024, a source familiar with …
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NATO Countries Are Talking Big About Beefing Up Defense Spending, But Most Haven’t Backed Up Pledges
NATO Countries Talk Big About Beefing Up Defense Spending, But Most Haven’t Backed Up Pledges Micaela Burrow on May 24, 2023 Most NATO countries have failed to meet pledges to …
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Left-Wing Dem Rep Says There Will Be Backlash ‘In The Streets’ If Biden Agrees To Spending Cuts
Left-Wing Dem Rep Says There Will Be Backlash ‘In The Streets’ If Biden Agrees To Spending Cuts Harold Hutchison on May 23, 2023 Democratic Rep. Pramila Jayapal of Washington said …
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Japan govt eyes new budget account focused on childcare spending – media
by Reutersby ReutersTOKYO (Reuters) – Japan’s government may set up a new budget account to manage spending linked to childcare funding reforms, the Nikkei business daily reported on Monday. Prime Minister Fumio …
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MSNBC Guest: Republicans Really Want Spending Cuts Because They’re ‘Cruel’
MSNBC Guest: Republicans Really Want Spending Cuts Because They’re ‘Cruel’ Harold Hutchison on May 19, 2023 Washington Post columnist Eugene Robinson claimed Friday that Republicans were pushing for spending cuts …
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ALFREDO ORTIZ: America Needs A Debt Ceiling Deal That Actually Does Something About Reckless Spending
ALFREDO ORTIZ: America Needs A Debt Ceiling Deal That Actually Does Something About Reckless Spending Alfredo Ortiz on May 17, 2023 After months of intransigence, President Joe Biden finally seems …
- Business News
Russia’s defence spending jumped 282% y/y to $26 billion in Jan-Feb -budget data
by Reutersby Reuters(Reuters) – Russia spent 2 trillion roubles ($26 billion) on defence in January and February alone, a 282% jump on the same period a year ago, data on the budget …
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Blue City Weighs Spending Millions On Ritzy Hotel To House Homeless
Blue City Weighs Spending Millions On Ritzy Hotel To House Homeless Laurel Duggan on May 12, 2023 Democratic Los Angeles Mayor Karen Bass is pushing the city to buy a …
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(Reuters) – Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged …
- Business News
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
by Reutersby ReutersOSLO (Reuters) -Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion) from its sovereign wealth fund in 2023 to compensate for …
- Business News
Japan’s spending downturn, wages decline heighten pressure on economy
by Reutersby ReutersBy Kantaro Komiya TOKYO (Reuters) – Japan’s consumer spending unexpectedly fell in March at the fastest rate in a year, while real wages marked a twelfth month of decline on …
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‘The Market Is Smarter Than Biden’: Larry Kudlow Rips Biden Over Jobs Report, Spending
‘The Market Is Smarter Than Biden’: Larry Kudlow Rips Biden Over Jobs Report, Spending Harold Hutchison on May 5, 2023 Fox Business host Larry Kudlow ripped President Joe Biden over …
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Dem Rep Breaks With Biden, Calls For ‘Reduced Spending’ In Debt Ceiling Bill
Dem Rep Breaks With Biden, Calls For ‘Reduced Spending’ In Debt Ceiling Bill Arjun Singh on May 4, 2023 Democratic Rep. Jared Golden of Maine has broken with his party …
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EJ ANTONI: Will Another Rate Hike Finally End America’s Spending Spree?
EJ ANTONI: Will Another Rate Hike Finally End America’s Spending Spree? E.J. Antoni on May 4, 2023 The Federal Reserve’s hike of its benchmark target Federal Funds rate by another …
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By Jason Lange and Nathan Layne WASHINGTON (Reuters) – A group allied with Donald Trump’s bid for the 2024 Republican nomination is setting records for outside political spending early in …
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Florida Lawmakers Approve Bill Barring Colleges, Universities From Spending Money On Diversity, Equity And Inclusion
Florida Lawmakers Approve Bill Barring Colleges, Universities From Spending Money On Diversity, Equity And Inclusion Alexa Schwerha on May 3, 2023 Florida lawmakers approved a bill that will prohibit public …
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Czech budget gap at record $9.3 billion in Jan-April on social spending, energy subsidies
by Reutersby ReutersPRAGUE (Reuters) – The Czech Republic’s budget deficit doubled to 200 billion crowns ($9.30 billion) in January-April, a record for the four-month period and reaching two thirds of the full-year …
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Hedge funds bet consumers will rein in U.S. spending – Goldman Sachs
by Reutersby ReutersBy Nell Mackenzie LONDON (Reuters) – Global hedge funds’ bearish positions reached year highs in April, largely aimed at companies selling non-essential consumer products, in a bet that harsher economic …
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US construction spending rebounds in March on nonresidential structures
by Reutersby ReutersWASHINGTON (Reuters) – U.S. construction spending increased more than expected in March, boosted by investment in nonresidential structures, but single-family homebuilding remained depressed amid higher mortgage rates. The Commerce Department …
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Toms River council approves $14 million Mo Hill spending bill in 5-2 vote
by Phil Stiltonby Phil StiltonTOMS RIVER, NJ – The Toms River Township council has approved a $14 million spending bill proposed by Council President Matt Lotano and Mayor Maurice Hill that will pave the …
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By Lucy Craymer WELLINGTON (Reuters) – The New Zealand government is committed to reducing spending even though severe weather events earlier this year caused asset damage of roughly NZ$9 billion …