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Big city and state budgets are significantly overspending, putting NYC in danger, according to a fiscal watchdog: ‘not affordable and unready’

Big city and state budgets are significantly overspending, putting NYC in danger, according to a fiscal watchdog: 'not affordable and unready'

A recent report from the Fiscal Watchdog Group proclaimed that both urban and state budgets are “uncontrollable and unprepared,” especially with a potential recession on the horizon and upcoming federal cuts. The Citizens’ Budget Committee has suggested eliminating Governor Kathy Hochul’s $2 billion “Inflation Reduction Check,” which is set to be part of next year’s […]

Asia Morning Update: Analyst Claims Crypto Industry Is ‘Unready’ for Quantum Threat

Asia Morning Update: Analyst Claims Crypto Industry Is 'Unready' for Quantum Threat

Good morning, Asia. Here are the latest market updates: Welcome to the morning briefing from Asia, where we summarize key stories and market movements during US trading hours. For an in-depth look at the US market, check out Coindesk’s Crypto Daybook Americas. Bitcoin As Asia kicks off the trading day, Bitcoin’s price is approximately $106,402.39, […]