By Bianca Flowers (Reuters) – Caterpillar Inc is expected to post a rise in quarterly profit on Thursday, a sign that the industrial powerhouse continues to navigate supply-chain constraints and …
Spending
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Ukraine war spurs record global spending on military, Stockholm think tank says
by Reutersby ReutersSTOCKHOLM (Reuters) – Global military spending rose to a record last year as Russia’s war in Ukraine drove the biggest annual increase in expenditure in Europe since the end of …
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Kevin McCarthy Proposes $1.5 Trillion Debt-Limit Increase with Large Spending Cuts
Kevin McCarthy Proposes $1.5 Trillion Debt-Limit Increase with Large Spending Cuts Arjun Singh on April 19, 2023 House Speaker Kevin McCarthy released a long-awaited budget proposal Wednesday, which raises the …
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Trudeau Secretly Told NATO Officials Canada Won’t Ever Live Up To Its Defense Spending Commitments: REPORT
Trudeau Secretly Told NATO Officials Canada Won’t Ever Live Up To Its Defense Spending Commitments: REPORT Micaela Burrow on April 19, 2023 Canadian Prime Minister Justin Trudeau secretly told NATO …
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Analysis-Republican states could be hit hardest by McCarthy’s proposed spending cuts
by Reutersby ReutersBy Andy Sullivan WASHINGTON (Reuters) – The spending-cut proposals unveiled by U.S. House of Representatives Speaker Kevin McCarthy on Monday could fall hardest on people in Republican-leaning states, a Reuters …
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Lula’s government should revise Brazil’s mandatory spending constraints, says Haddad
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s government should revise the rules for increasing mandatory expenses and budget constraints before the end of the year, once reform of the tax system has been …
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JAMES CARTER: The Federal Gov’t Thinks It’s Spending Monopoly Money
JAMES CARTER: The Federal Gov’t Thinks It’s Spending Monopoly Money James Carter on April 6, 2023 As Mark Twain once observed, “It ain’t what you don’t know that gets you …
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Chicago Teachers Union ‘Breached Its Duty’ With Political Spending, Complaint Alleges
Chicago Teachers Union ‘Breached Its Duty’ With Political Spending, Complaint Alleges Reagan Reese on April 3, 2023 Teachers filed an ethics complaint Thursday against the Chicago Teachers Union (CTU) over …
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WASHINGTON (Reuters) – U.S. construction spending dipped in February as investment in single-family homebuilding maintained its downward trend amid higher mortgage costs. The Commerce Department said on Monday that construction …
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Gov. Phil Murphy wants to slash aid to nearly 200 school districts despite having a $10 billion surplus and spending millions on political pork.
- Business News
Indian states likely to fall short of spending targets, posing growth risk – economists
by Reutersby ReutersBy Ira Dugal MUMBAI (Reuters) – Twelve large Indian states, which have released their local budgets over the past few weeks and forecast aggressive spending growth in 2023-24, are likely …
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‘Political Malpractice’: Joe Manchin Tears Into Biden Over Climate Spending Law In Fiery Op-Ed
‘Political Malpractice’: Joe Manchin Tears Into Biden Over Climate Spending Law In Fiery Op-Ed John Hugh DeMastri on March 30, 2023 Democratic Sen. Joe Manchin of West Virginia criticized the …
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‘That’s Pathetic’: GOP Rep Shreds Defense Secretary For Letting NATO Allies Skimp On Defense Spending
‘That’s Pathetic’: GOP Rep Shreds Defense Secretary For Letting NATO Allies Skimp On Defense Spending Harold Hutchison on March 29, 2023 Republican Rep. Mike Waltz of Florida shredded Secretary of …
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Biden’s World Bank Pick Calls For ‘Trillions’ In Climate Spending
Biden’s World Bank Pick Calls For ‘Trillions’ In Climate Spending John Hugh DeMastri on March 29, 2023 Ajay Banga, the former CEO of Mastercard that President Joe Biden has nominated …
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Inflation Reduction? Dems’ Climate Spending Spree Could Cost $1.2 Trillion, Analysts Say
Inflation Reduction? Dems’ Climate Spending Spree Could Cost $1.2 Trillion, Analysts Say John Hugh DeMastri on March 23, 2023 Democrats’ Inflation Reduction Act (IRA) could cost roughly $1.2 trillion in …
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COPENHAGEN (Reuters) -Denmark’s government on Thursday proposed tightening public spending to try to ease inflation as it predicted prices would rise 3.9% this year. “The most important aim of this …
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‘Uncle Sugar’: ‘Generous’ Spending During COVID Pandemic Led To Bank Failures, Bill Maher Says
‘Uncle Sugar’: ‘Generous’ Spending During COVID Pandemic Led To Bank Failures, Bill Maher Says Harold Hutchison on March 17, 2023 HBO host Bill Maher said Friday that the inflation stemming …
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‘Warfighting Imperative’: Navy Plans To Increase Climate Spending Nearly 40% In 2024
‘Warfighting Imperative’: Navy Plans To Increase Climate Spending Nearly 40% In 2024 Micaela Burrow on March 14, 2023 The Navy wants Congress to fund an additional $397 million in climate …
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Penn State food behavior doc says eating healthy doesn’t have to mean spending more money on food
COLLEGE STATION, PA – A recent study conducted by WalletHub outlined the most overweight and obese states in America. That study could suggest that eating healthy is related to financial …
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ALFREDO ORTIZ: Americans’ Spending Power Continues To Tank In Latest Jobs Report
ALFREDO ORTIZ: Americans’ Spending Power Continues To Tank In Latest Jobs Report Alfredo Ortiz on March 10, 2023 Today’s February jobs report shows that American workers’ real wages have declined every month …
- Business News
Brazil fiscal framework to include rule to track spending, says Haddad
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s finance chief said the government’s eagerly awaited fiscal framework would include a new rule to monitor spending but without addressing public debt, in remarks on Friday …
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U.S. House Republican hardliners unveil spending demands for raising debt ceiling
by Reutersby ReutersBy David Morgan WASHINGTON (Reuters) – The hardline U.S. House Freedom Caucus responded to President Joe Biden’s $6.8 trillion budget proposal on Friday, with a list of demands including a …
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ROME (Reuters) – Italy’s Leonardo said on Friday it was set to benefit from higher defence spending following the Russian invasion of Ukraine and that orders for the current year …
- Business News
Greek economy expands in Q4 on higher consumer spending, investment
by Reutersby ReutersATHENS (Reuters) – Greece’s economy expanded in October-to-December last year with higher consumer spending and investment more than offsetting lower exports, official data showed on Tuesday. Seasonally-adjusted data showed gross …
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Valentine’s Day spending boosts British retail sales in February – BRC
by Reutersby ReutersBy Suban Abdulla LONDON (Reuters) – Valentine’s Day helped to boost British retail sales in February but volumes remained down on last year as households cut back on non-essential items, …