#fiscal-policy

#fiscal-policy

Public broadcasting has long been overtaken by partisan activists," said U.S. Sen. Ted Cruz of Texas, insisting there is no need for government to fund what he regards as biased media.

With annual deficits for Bay Area transit agencies approaching $800 million, the scramble is on to find the revenue needed to keep BART and the region's other bus and rail systems operational.

last week's blowout is reminder to the government that gilt market will not accept excess borrowing

There is certainly plenty to hate for all kinds of Republicans. Swing-district 'moderates' upset about the Medicaid cuts in the House-passed bill saw them grow deeper in the Senate.

(The welfare U-turn) is signalling that the Labour Party is a lot less concerned about what the gilt market thinks. I would have thought it was seared into politicians' memories what happened to Liz Truss.

The Senate tax bill could add nearly $3.3 trillion to US deficits over a decade, raising concerns about its fiscal impact and long-term sustainability.

Just as a hidden and exceptionally costly Oakland property tax to pay for city employee pensions winds down after 45 years, officials are planning another levy to offset the cost of retirement benefits.

The data shows that that's the result. The math shows that that is the result. No one on this side of the aisle admits anymore that they didn't blow a huge hole in deficit.

'The budget is legally balanced, but the town has a structural imbalance which will grow if not addressed,' Constantin said.

"Our amendments prioritize essential city services that impact the safety and well-being of Oakland residents. We cannot let budget cuts endanger our community."

The budget for the fiscal year 2025-2026 ramps up defence spending to 2.55 trillion rupees ($9bn), up 20 percent from the current fiscal year.

Stride emphasizes that the Conservatives will not repeat the economic mistakes of the past, highlighting the importance of responsible fiscal discipline over unfunded tax cuts.

Reeves' fiscal rules, which aim for national debt to decrease relative to income, constrain capital spending despite increases in transport infrastructure investment.

As has been the case with other federal agencies under the Biden administration, NASA bureaucrats were racking up an astronomical tab doing union time on the taxpayers' dime.

April's public finances figures showed that despite the boost from the rise in employers' national insurance (NI) contributions, the fiscal year got off to a poor start.

Public sector spending has continued to significantly exceed income in April, leading to a spending deficit covered by borrowing of £20.2bn.

The recent decline of the U.S. dollar against the Japanese yen signals a potential shift in the dollar's global dominance due to mounting fiscal concerns.