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America’s defense spending dragged into budget chaos 

The Pentagon is venturing into somewhat unprecedented territory as it prepares to release its fiscal year 2025 budget next Monday. The Department of Defense (Department of Defense) does not yet have a full budget for 2024, faces looming 1% across-the-board cuts unless Congress can break the impasse, and is still reeling from years of high […]

Republicans advance 2025 budget blueprint ahead of Biden’s State of the Union 

The Republican-led House Budget Committee on Thursday released a budget that includes ambitious proposals aimed at cutting federal spending, tightening work requirements for social programs and creating a special committee to address entitlement funding threats. Voted in favor of moving forward with the resolution. After several hours of price increase hearings that began early Thursday, […]

What to expect from Jeremy Hunt’s spring budget | Budget 2024 (spring)

Jeremy Hunt will set out the government’s plans for tax and spending in his Budget on Wednesday. In this budget, which is expected to be the last one before the general election, the Prime Minister’s biggest highlight is the possibility of a further reduction in National Insurance contributions paid by employees, following the 2p cut […]

Jeremy Hunt to cut national insurance by 2p in budget | Budget 2024 (spring)

The Guardian understands that Jeremy Hunt plans to cut National Insurance by 2p in Wednesday’s budget, a measure aimed at providing voters with pre-election benefits, but with an even bigger cut after the election. This could mean significant spending cuts. The British Prime Minister is preparing to announce his second major employment tax cut in […]

Sunak hints at further national insurance cuts in spring budget | Budget 2024 (spring)

Rishi Sunak has strongly hinted that there could be further cuts to National Insurance contributions in next week’s Budget. The First Minister told reporters gathered at the Scottish Conservative Party conference in Aberdeen on Friday that the livelihoods of working people across the UK would be affected, especially at a time when the Scottish National […]

Washington budget in flux as Republicans try to repeal carbon program

A conservative-backed effort to repeal Washington state’s landmark carbon pricing system and taxes on the sale of stocks and bonds has stalled the budget, with billions of dollars due in the final days of this year’s legislative session. In danger. Lawmakers are rushing to finalize three supplemental statewide budgets by the end of their regular […]