Hochul punts NY reparations commission in new budget, but adds $5M to cost
Gov. Kathy Hochul is seeking a one-year extension of the New York State Reparations Commission to add $5 million to the controversial commission that examines possible payments to Black people in New York. The budget Hochul unveiled Tuesday calls for action to address the inequalities still faced by descendants of slavery and perhaps other Black […]
Hochul to unveil massive $252B budget proposal but new taxes, fees for MTA remain mystery
Gov. Kathy Hochul is scheduled to unveil her most expensive budget on Tuesday, with a $252 billion plan to continue increasing spending to fund new benefits. Mr. Hochul's administration proposal is $19 billion (8.3%) larger than last year's proposal and $36 billion (16%) more than the original plan for 2022. The state budget for 2024-25 […]
Argentina Seals Budget Surplus For First Time In 14 Years
Argentina's President Javier Millei attends the Atreju political rally organized by young radicals of Italy's right-wing party Fratelli d'Italia in Rome on December 14, 2024. (Photo by Filippo Monteforte/AFP) (Photo by Filippo Monteforte/AFP via Getty Images) OAN Staff Avril Elfie 1:30pm – Saturday, January 18, 2025 Argentina recorded its first budget surplus in 14 years, […]
Steve Cohen operating with Mets budget is always subject to change
The Mets are suddenly in the same situation as the Yankees when Juan Soto left for the Mets, strategically trying to replace Pete Alonso. That's ironic. Basically, both sides were going to spend $1 to keep a slugger, but when he left, they realized the best use of the money was to cut it into […]
House Budget Republicans eye more than 200 spending cuts, tax changes for major bill
Republican lawmakers on the House Budget Committee are preparing for a broad reconciliation bill expected this year, including more than 200 budget cuts, tax cuts, tariffs and programs like Medicare and Social Security, according to documents shared with The Hill. We are considering the possibility of changes. Different policy options are broken down by committees, […]
US budget deficit to hit $1.9 trillion in 2025: CBO
The Congressional Budget Office (CBO) projected Friday that the federal budget deficit will reach $1.9 trillion in fiscal year 2025. Nonpartisan budget statisticians estimate that federal spending for the fiscal year will total $7 trillion, or 23.3 percent of gross domestic product. This figure is estimated to reach 24.4 in 2035, with spending expected to […]
NYC Mayor Adams avoids deep budget cuts in record-breaking $114.5B election year spending plan
Mayor Eric Adams announced a record $114.5 billion spending plan Thursday, achieving his first city budget without painful spending cuts in an election year. The fiscal year 2026 spending plan is about $2 billion more than New York City's last enacted budget and includes investments in mental health, parks and quality of life programs. “By […]
Democrats grill Trump budget pick
sup, sub { font-size: 100% !important; } sup { mso-text-raise:10% } sub { mso-text-raise:-10% } Welcome to The Hill's Business & Economics Newsletter {beacon} business and economy business and economy Full text US tightens sanctions on Russia, targeting Moscow business partners The Treasury Department announced Wednesday that it would increase sanctions on companies and […]
‘Put Dutch First’ Says Wilders Ahead of Budget Row Over Ukraine Spend
Populist leader Geert Wilders says the Dutch must be a top priority for the Dutch government, with locked-in spending on Ukraine and, as he wants, putting more money in voters' pockets. Blame the climate for potentially hindering tax cuts. “Ultimately we want to put the Netherlands first,” populist leader Geert Wilders, the powerful man behind […]
Equity urges Bristol city council to drop cuts to arts and culture budget | Bristol
The country's largest performing arts and entertainment union has called on Bristol City Council to scrap plans that would cut hundreds of thousands of pounds from the arts and culture budget, including the closure of a number of museums. shareholder wrote on The city council has warned that the cuts will cause significant damage to […]