Budget
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Bloomberg· 2025-07-16 05:06
The EU will announce its plan for the bloc's next seven-year budget amid competing demands for funds as Europe tries to boost defense and its economy https://t.co/EOHs1fOCVI ...
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Bloomberg· 2025-07-08 18:48
South Africa’s National Treasury is worried that the US’s proposed 30% tariff could hit tax revenues and is modeling the impact it may have on the nation’s budget https://t.co/Tm8Ok8fPXr ...
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Bloomberg· 2025-07-06 12:20
Government Spending & Policy - Republican budget's significant spending item is poised to accelerate mass deportations [1] Social Impact - Mass deportations are being supercharged [1]
Starmer's Office Scrambles to Show Support for Reeves
Bloomberg Television· 2025-07-02 19:04
UK Economic & Political Uncertainty - Keir Starmer's initial reluctance to support Rachel Reeves raises questions about internal party dynamics and potential leadership challenges [1][2] - Speculation suggests a possible change in Chancellor of the Exchequer, potentially impacting market confidence and government stability [3] - The government's backtracking on proposed welfare changes reveals a £5 billion fiscal hole, hindering economic growth and tax cut promises [5] Market Reaction & Fiscal Policy - The UK market faces potential instability, reminiscent of the "Liz Truss" era, with concerns over unfunded tax cuts and bond market reactions [4][6] - Rachel Reeves' credibility with the bond market is crucial; her departure could trigger increased speculation and market volatility [7][8] - The ability to grow the UK economy and avoid tax increases is uncertain, given the government's recent policy setbacks [5][6] Budget & Economic Outlook - The upcoming budget, to be presented by either Rachel Reeves or a new Chancellor, faces significant challenges in achieving economic growth without raising taxes [6] - Failure to pass proposed changes raises concerns about the government's ability to manage the economy and fulfill its promises [5][6] - The UK is in a "waiting period," with close attention on key figures and their potential impact on economic policy [4][5]
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Bloomberg· 2025-06-30 22:33
New York City Mayor Eric Adams reached a deal with the City Council on a $115.9 billion budget, adding new funding for legal services for migrants and more money for early childhood education https://t.co/AzS8kvFaSW ...
Losing! MAGA budget hits WALL as Senate ref overrules Trump’s deficit-busting bill (Melber report)
MSNBC· 2025-06-27 00:00
President Trump's domestic agenda is now facing a new and major setback. This is on the budget and some of the things that Trump and the MAGA crowd want to ram through the budget, which is despite everything going on obviously in the world, still Donald Trump and the Republican party's greatest priority, getting this done somehow. And yet, as you're going to see in this breaking news, Republican senators are dealing with the setback in real time today.Well, I mean, as you know, it's pretty frustrating, righ ...