UK economy returns to growth in boost to Rachel Reeves before budget | Economic growth (GDP)
Britain's economy returned to growth in August after two months of flatness, giving Prime Minister Rachel Reeves a boost ahead of the autumn budget. The Office for National Statistics (ONS) announced that gross domestic product increased by 0.2% in August, after recording zero growth in June and July. The numbers were in line with Citi […]
Follow The Money: Understanding FEMA’s disaster budget in Hurricane Milton aftermath
It's hard to understand money when it comes to natural disasters. Will FEMA be able to adequately respond? Will residents receive money after their cars, homes, businesses and towns are destroyed by floods? Will Congress approve additional disaster relief in the short term and in the future? So let's follow the money. Reporter's Note: With […]
Trump agenda would add twice as much to national debt as Harris's: Budget group
Former President Trump's tax and spending plan could double the national debt compared to Vice President Harris' plan, reaching more than $7 trillion over the next decade, according to new estimates. rough Analysis published by The Committee for a Responsible Federal Budget (CRFB) estimated on Monday that the plans proposed by both candidates could add […]
Despite Skyrocketing Budget, Secret Service Can’t Seem To Find The Money To Protect The President
The U.S. Secret Intelligence Service's budget has increased by nearly $1 billion since 2014, but only $200 million of that has gone to protection operations, according to the agency's budget. The agency is set to receive an additional $231 million in funding from Speaker Mike Johnson's federal funding bill, but budget documents show it has […]
How Rachel Reeves could release billions more for investment in the budget | Autumn budget 2024
Rachel Reeves is considering changes to the government's so-called fiscal rules governing how much money can be spent in next month's budget. The changes are aimed at paving the way for billions of pounds of additional investment into the UK economy, helping to decarbonise the economy and restart growth. “It's time for the Treasury to […]
Donald Trump’s Plans Would Boost Economy in Near Term While Kamala Harris’s Would Slow Growth, Penn Wharton Budget Analysis Finds
An influential analysis published this month found that President Donald Trump's tax cuts and spending proposals would jump-start the economy in the short term, while Kamala Harris's would immediately slow economic growth. A budget model from the Wharton School of the University of Pennsylvania shows that in the long run, both candidates' proposals would result […]
Le Pen Demands Audit as Budget Crisis Threatens to ‘Blow Up’ Gov’t
Populist leader Marine Le Pen has called for a nationwide audit of France's finances to understand how the country fell into a financial crisis that threatens to tip the country into collapse before a new government is even formed. France's debt has risen sharply after the coronavirus lockdown and a massive spending boost due to […]
House passes bill to plug $3B VA budget shortfall
The House of Representatives passed emergency legislation on Tuesday to address a roughly $3 billion budget shortfall facing the Department of Veterans Affairs (VA), with officials warning that benefits for millions of veterans are at risk in the coming weeks. The bill passed by a voice vote with bipartisan support and now heads to the […]
MSNBC Columnist Calls to ‘Double the Size and Budget’ of ATF in Response to Donald Trump Assassination Attempt
MSNBC columnist Frank Figliuzzi responded to the second assassination attempt on former President Donald Trump by calling for doubling the “size and budget” of the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF). Figliuzzi attention The September 15, 2024 assassination attempt on President Trump was the second in two months, and the report noted that […]
UK debt projected to almost triple over next 50 years, watchdog warns | Office for Budget Responsibility
Britain's debt mountain will almost triple over the next 50 years to more than 270% of national income under pressure from an ageing population, the climate crisis and security risks, the public finance watchdog has warned. In a report outlining the main risks to government tax and spending in the second half of the century, […]