A French tax break for company owners bequeathing assets to their offspring cost he government more than €5.5 billion last year, according to the state auditor https://t.co/4VWz01sk0l ...

RT Luke Gromen (@LukeGromen)We borrowed & spent $8T+ that’s now worth $0 & gained a $400B annual Veteran’s Affairs bill that grows ~2x tax receipts in the processImagine a company borrowing $8T to buy an asset that goes to $0 but leaves the company w/ a $400B/year asbestos liability that grows 5-10%/year. ...

Public Finance - Spain's central bank recommends lowering spending to reduce public debt [1] - Public debt exceeds 100% of Spain's economic output [1]

Government Shutdown Impact - The shutdown cost the country $0.5 trillion [1] - 20,000 flights were canceled or delayed due to the shutdown [4] - Over 1 million government workers were deprived of their paychecks [5] - Food stamp benefits were cut off for millions of Americans [5] - Tens of thousands of federal contractors and small businesses went unpaid [6] Political Stance - Republicans voted 15 times for a clean continuation of funding [1] - Democrats insisted on creating the longest government shutdown in American history for political reasons [2] - The speaker calls for a termination to the filibuster to prevent future shutdowns [6] Key Supporters - The speaker thanks Speaker Mike Johnson, Senate Majority Leader John Thune, House Majority Leader Steve Scalise, and Majority Whip Tom Emmer [3] - The speaker thanks the Teamsters, the American Federation of Government Employees, the Fraternal Order of Police, the National Small Business Association, the American Farm Bureau, and the American Trucking Association [3] - The speaker thanks Airlines for America, the Allied Pilots Association, and the National Air Traffic Controllers Association [4]

Most governments have little idea how much they spend on fighting climate change — or how to cope with its worsening effects https://t.co/H05FNxRhAB ...

The Republican-led Senate late Monday passed a spending package to end the record-long government shutdown, with Democrats providing enough votes to move the measure across the finish line.Read more: 🔗 https://t.co/NhzkuWH7Q1 https://t.co/o0CJIy4Wjy ...

The Senate passing legislation to end the government shutdown with support from a handful of Democrats. The bill now heading to the Republican controlled House. Joining us now is Bloomberg's Mike Shepard.Shep, just walk us through the progress we've made in the last 24 hours and the sequence of things over the next 24 hours. Well, we saw the Senate reach a breakthrough last night, Jon, with the chamber voting 60-40 to pass this interim spending measure that will keep most of the government open at least thr ...

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 ...

The markets know US and China depend on each other.The markets know interest rates have to come down.The markets know the government can’t stop printing money.The markets know asset prices are going higher. ...

The US was cut by one notch at Scope Ratings after more than three weeks of Washington stalemate over government spending triggered action by the European credit assessor https://t.co/AHulBg5PXA ...