I think what's really at stake most of all is whether or not the president has violated the constitution because again we have to go all the way back to the founding of our country. You know, no taxation without representation is on that license plate on everybody in the District of Columbia. And what it really is saying is the Constitution gives to the Congress, not to the president, the power to impose taxes or tariffs. the Constitution gives to the Congress, not to the president, the right to regulate fo ...

Iraq’s Prime Minister Mohammed Shia Al-Sudani vowed to undertake major reforms if elected for a second term, aiming to cut the budget deficit, boost private-sector employment and attract more foreign direct investment. https://t.co/oUNW9FYuUn ...

The US Treasury indicated it’s not looking to boost sales of notes and bonds until well into next year, in a decision that will see the government increasingly rely on bills to fund the budget deficit. https://t.co/r3vQU1V6sk ...

France, the U.K. and Germany have rising budget deficits and debt, while the former crisis hot spots in southern Europe look financially healthier in a role reversal of sorts https://t.co/2QzXjVHypn ...

[Music] All of this impacts the central government because lower incomes and less employment means the government collects fewer taxes. At the same time, it needs to increase its spending because unemployment has risen. Many of the unemployed have inadequate savings and need financial support from the government.Additionally, governments create stimulus plans and increase their spending to make up for the decrease in the economy. Government's budget deficits explode in a deleveraging because they spend more ...

Saudi Arabia’s budget deficit deepened in the third quarter, with weaker Brent crude prices and revenues weighing on the oil exporter’s finances https://t.co/EIMQoKLPb2 ...

Our national debt in America is currently $ 37 trillion. Our net interest payments are $900 billion per year. It is the interest is our second largest federal expenditure.When you look at America's debt situation right now, you talk about the big debt cycle. You talk about how countries go broke. How far along in the cycle are we. How far along is America.This year, the government will spend about $7 trillion and it will take in about $5 trillion. So, it will spend 40% more than it's taking in. And it reall ...

MARTIN Several lawmakers have said that higher taxes are basically inevitable because of federal cuts to health care and food aid under President Trump's new mandates, new budget laws. Where does that leave what Mamdani is proposing and what Andrew Cuomo says he will do for the city. Well, it's going to make my daddy's proposals harder to get through the legislature.The state is facing a seven and a half billion dollar budget deficit. You have the cuts from the one big, beautiful bill. So they're going to h ...

Italy regained its highest score from any major credit assessor since 2018 after an upgrade by Morningstar DBRS that commended the government’s push to tame the budget deficit https://t.co/LmxVWfJ96t ...

Romania’s bonds are outperforming European peers, with yields poised to end the week near a 10-month low, as Prime Minister Ilie Bolojan’s government continues to tackle the budget deficit. https://t.co/m4iOn6wItF ...