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US federal budget crosses grim milestone as interest payments overtake defense spending
Yahoo Finance· 8 hours agoNeither is making deficit reduction a focus of his presidential campaign. Biden does have a plan of...
Where the inflation and national debt figures leave Sunak’s five priorities
PA Media: Money via Yahoo Finance· 5 hours agoRishi Sunak pledged at the beginning of 2023 to cut NHS waiting lists (Leon Neal/PA) At the time, he...
Debt-hungry American companies are flocking to Europe as interest rate cuts fuel $33 billion...
Fortune via Yahoo Finance· 5 days agoThe Eurozone is expected to cut rates in June. The trend is expected to help Europe...close some of...
Biden’s proposed tax hike would crush workers and the economy
The Hill· 2 days agoThe Biden administration is poised to impose a $3 trillion tax hike. President Biden is eager for...
Interest costs on the national debt just surpassed spending on defense, Medicare
FOX Business· 5 days agoInterest payments on the nation’s ballooning debt just eclipsed spending on defense and Medicare,...
Bank of England has room for three interest rate cuts this year, IMF suggests
Yahoo Finance UK· 1 day agoThe IMF added that, to be certain of stabilising debt by 2029-30, the government would need to raise...
Congress is already clashing on FY25 funding as House proposes big cuts
Government Executive· 5 days agoRepublicans on the House Appropriations Committee released their top-line spending levels for each...
Jamie Dimon is worried about how much the US is borrowing. Here’s why
CNN Business via Yahoo Finance· 1 day agoSo why the sudden confluence of concern? The big picture: Between the Trump-era tax cuts and...
House GOP looks to undercut McCarthy-Biden deal for 2025 funding
The Hill· 6 days agoRepublicans are proposing about $895 billion for defense programs and $710.7 billion for nondefense...
What Happened to "Paying off the National Debt"?
Calculated Risk· 1 day agoWhile the magnitudes of future federal unified budget surpluses are uncertain, they are highly likely to remain sizable for some time. [C]urrent forecasts suggest that under a reasonably wide ...
