The White House budget office is telling federal agencies to prepare plans for mass firings during a possible government shutdown.Listen to that and the latest stories on Bloomberg News Now. https://t.co/Qc9Mq5IRzO ...

The White House budget office is telling federal agencies to prepare plans for mass firings during a possible government shutdown https://t.co/zXdKKGrKUq ...

Sweden’s finance ministry unveiled its full budget plan for the coming election year, a bid to get the economy motoring in the traditionally frugal Nordic state https://t.co/YDkqVhHAF3 ...

Government Finance - UK Chancellor 需要额外 40 亿英镑来平衡预算 [1] - 英国央行可能在本周的关键决策中停止积极的国债出售 [1]

Pleasing both 10 and 11 Downing Street is often difficult in UK politics. A new Budget board with people from both departments is apparently going to help. Get The Readout with @AllegraStratton https://t.co/FEQxpXH8Nh ...

President Donald Trump’s administration has pulled back about 40% of the annual budget for the Department of Commerce’s commercial space policy office, sources said https://t.co/7eIv3NIKFs ...

Government Debt and Fiscal Policy - Global government borrowing is increasing due to spending exceeding revenue [1] - The US debt situation, while concerning, appears less critical compared to countries like France due to the US having more flexibility [2] - Rising US government borrowing costs are consuming an increasing portion of the budget, exceeding Medicare and defense spending [7] - A potential government shutdown is particularly thorny due to rising borrowing costs and potentially lower revenue from tariffs [6][7] Economic Impact and Risks - A French debt crisis could have a significant impact, potentially dwarfing the Greek debt crisis, which almost shut down European banks [3] - The UK faces potential currency risks due to not having the world's reserve currency, exemplified by the dramatic drop in the pound [3] - Cutting pensions, as seen in the Greek debt crisis where pensions were cut by 30% (from €1,500 to €1,000 per month), is a politically sensitive issue [5] Potential Solutions and Considerations - Addressing the fiscal situation requires either cutting spending or printing money, both of which have drawbacks [6] - Growing the economy is a potential solution, and the US is in a better position than many other countries to grow its way out of debt [12] - Higher taxes, including middle-class tax hikes, may be necessary if spending is not addressed [9][10] - Cutting mandated benefits like Social Security is a politically difficult but potentially necessary option in a worst-case scenario [11]

Government & Policy - UK Treasury announced the date for the Budget at the end of November [1] - The Budget announcement may impact Rachel Reeves' strategy, potentially providing more time or increasing speculation [1]

Japanese ministries and agencies made a record request for ¥122.4 trillion in spending in the budget for next fiscal year https://t.co/aezZpbQiag ...

Government Fiscal Policy - UK's annual budget is expected to be released on November 26 [1]