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US federal budget crosses grim milestone as interest payments overtake defense spending
Yahoo Finance via AOL· 11 hours agoNeither is making deficit reduction a focus of his presidential campaign. Biden does have a plan 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...
Debt-hungry American companies are flocking to Europe as interest rate cuts fuel $33 billion...
Fortune via Yahoo Finance· 4 days agoThe Eurozone is expected to cut rates in June. The trend is expected to help Europe...close some of...
Bank of England has room for three interest rate cuts this year, IMF suggests
Yahoo Finance UK· 15 hours agoThe IMF added that, to be certain of stabilising debt by 2029-30, the government would need to raise...
Jamie Dimon is worried about how much the US is borrowing. Here’s why
CNN Business via Yahoo Finance· 14 hours agoSo why the sudden confluence of concern? The big picture: Between the Trump-era tax cuts and...
Interest costs on the national debt just surpassed spending on defense, Medicare
Fox Business via AOL· 4 days agoFrom just four decades ago, the debt skyrocketed from $907 billion to more than $34.5 trillion as of...
Congress is already clashing on FY25 funding as House proposes big cuts
Government Executive· 4 days agoRepublicans on the House Appropriations Committee released their top-line spending levels for each...
What Happened to "Paying off the National Debt"?
Calculated Risk· 14 hours 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 ...
In Defense of Defense Spending
The Dispatch via Yahoo Finance· 2 days agoIn a relatively flat funding environment, the military—which...costs that neither party is willing to address. While defense spending hikes will likely...
Raid inheritance and tax electric cars to bring down debt, says IMF
The Telegraph via Yahoo Finance· 9 hours agoThe IMF has urged ministers to raid inheritances and charge drivers for using the roads in a bid to...