Core Points - The U.S. government experienced a slightly smaller budget shortfall in the most recent year due to increased tariff revenue [1] - Despite the reduction in the budget shortfall, the national debt reached another record high and continues to rise without signs of slowing down [1] Summary by Categories Budget Shortfall - The budget shortfall was slightly smaller in the most recent year compared to previous years, attributed to higher tariff revenue [1] National Debt - The national debt has risen to a record high, indicating ongoing financial challenges for the U.S. government [1] - There are no indications that the growth of the national debt will slow down in the near future [1]

Budget & Fiscal Policy - The report focuses on the mayor's proposed budget, specifically examining the mix of spending cuts and tax increases [1][2] - The analysis questions whether the mayor will consider budget cuts, given his historical reluctance to do so [2] - The report highlights the mayor's focus on increasing taxes for corporations and high-income earners [3] - The report emphasizes the need to address a $1.5 billion deficit for 2026 [5] Debt & Municipal Bonds - The city's potential reliance on debt to cover budget shortfalls is a key concern [4] - The city is active in the municipal bond market, primarily for infrastructure projects [4] - Airport financing is separate from the city's general budget [5] Credit Ratings & Pension Liabilities - Rating agencies view Chicago's pension liabilities as a significant pressure point [7] - The city's pension costs have increased due to recent legislation [8] - The administration needs to address the ongoing structural deficit to avoid potential ratings downgrades [8]

The Czech Republic’s next government may need to increase the budget deficit as the outgoing administration planned insufficient funding for a range of spending priorities, according to the winner of last weekend’s parliamentary election https://t.co/rAO3TZUKna ...

Caroline, Macron has bought himself a bit of thinking time here. What's the latest. Just like a good series on TV.Monday brought many unexpected twists in French politics. First, we had the Republicans being angry at the nomination of Bruno Le Maire as defense minister. During the afternoon, Bruno Le Maire actually came out with a tweet saying he was giving up this job as defense minister.But the problem is that prime minister Lecornu had already resigned because he said that the Republicans were not really ...

Saudi Arabia isn’t letting a $65 billion hole in its budget stop its deal machine. Read the Mideast Money newsletter https://t.co/9qHt0PxeK4 ...

Hungary’s budget deficit will widen next year on Prime Minister Viktor Orban’s pre-election spending, according to OTP Bank, the country’s largest lender https://t.co/hgAmz1GO6Q ...

want to get his take on the markets, treasuries, the economy amid this government shutdown. I want to bring in Drew Mattis. He's the chief market strategist at Metife Investment Management.Uh we keep uh we keep moving higher. Are we moving too high or you know, you can only get higher if you go higher. So where are we.>> Well, I think that's a great point. When you compare what earnings expectations are and you compare it to growth expectations among economists, you know, there's a gap there. uh and if you' ...

Alan, just walk us through how realistic and how probable Lecornu's chances are of striking a deal. I would really would hesitate to put a number on, you know, his chances. It it doesn't look great, I guess, let me put it that way.But that said, you know, in politics, you really never know. I mean, what he's done today is that today he's got these discussions. As you mentioned, he's meeting with the national rally right now at 1030 Paris time.He meets with the socialists and he meets with the greens and the ...

Italy’s cabinet approved a budget featuring a deficit at just 3% of output this year, allowing Premier Giorgia Meloni’s government to set aside more money for tax cuts and defense https://t.co/UhWzFq7InC ...

Italy’s budget deficit will match the EU’s 3%-of-output ceiling already this year, sources say https://t.co/kAQszYyA8j ...