All articles tagged with #government spending
Prime Minister Sanae Takaichi's Cabinet has approved a record ¥122.3 trillion budget for the next fiscal year, including issuing ¥29.6 trillion in bonds to cover revenue shortfalls, and plans to submit it to parliament for approval.
Kevin Hassett discusses the ongoing government shutdown, its economic impact, legal challenges around funding, and potential solutions for healthcare and inflation, emphasizing the need to reopen the government and address economic concerns.
The article discusses President Trump's controversial use of funds outside legal appropriations to pay troops and other government actions, highlighting concerns over violations of the Antideficiency Act, erosion of constitutional principles of congressional control over finances, and signs of increasing authoritarianism in the U.S. government.
Global space investment reached a record $3.5 billion in Q3, driven by a diverse range of startups and increased government funding in the US, China, and Europe, indicating a maturing and expanding space industry.
The article discusses the Biden administration's expanded Obamacare subsidies, which have significantly increased enrollment and possibly led to widespread fraud and phantom enrollees, raising concerns about government spending and the future of healthcare policy amid political debates over extending these subsidies to prevent premium hikes and coverage loss.
A UN report accuses South Sudan's leaders of systematic looting, including $2.2 billion paid to companies linked to Vice President Bol Mel for incomplete road projects, amidst widespread poverty and conflict. The government denies the allegations, claiming data inaccuracies, but the report highlights corruption as a key factor in the country's ongoing humanitarian and economic crises.
Hundreds of women in Indonesia protested in Jakarta against police violence and government waste, symbolized by broomsticks, amid ongoing unrest over living costs and political perks. The protests, which turned violent at times, led President Prabowo to cancel a trip to China, though he was seen with world leaders before the cancellation. The movement calls for police reform and greater government accountability, with some reforms announced but protesters demanding deeper changes.
Global government bond markets are experiencing a selloff driven by concerns over rising debt levels, political instability, and uncertainties surrounding tariffs, leading to higher yields across major countries and challenging demand from traditional investors.
Hundreds of Indonesian students protested in major cities, defying security measures and following deadly riots that resulted in eight deaths, demanding reforms and criticizing government spending priorities, with President Prabowo promising security but also making concessions like cutting lawmakers' perks.
A record 111,000 asylum applications were made in the UK in the past year, with efforts underway to process cases faster and reduce reliance on hotel accommodations, amid ongoing political debates and legal challenges surrounding immigration policies.
The US national debt has surpassed $37 trillion, reaching this milestone years earlier than expected due to rapid growth driven by pandemic-related borrowing and recent legislative spending, raising concerns about increased costs for taxpayers and economic stability.
The US national debt has surpassed $37 trillion, a record high driven by pandemic-related borrowing and recent legislative spending, raising concerns about increased costs for taxpayers and economic stability.
The Trump administration temporarily halted then released NIH research funding amid internal debates over federal spending cuts, with concerns raised about potential impacts on scientific research and public health.
Tensions over the release of Jeffrey Epstein documents are complicating House Republicans' efforts to pass a bill to rescind $9 billion in government spending, amid broader political debates and Democratic efforts for transparency.
Palantir Technologies (PLTR) reached a record high driven by strong investor confidence in its AI-driven government and commercial contracts, with analysts optimistic about its growth potential, especially in government AI budgets and its user-friendly low-code AI platform, though some caution remains due to mixed analyst ratings and a potential downside.