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 ...

Economic Impact of Deleveraging - Lower incomes and increased unemployment reduce government tax revenue while simultaneously increasing the need for government spending on unemployment benefits [1] - Governments often implement stimulus plans and increase spending, leading to budget deficits as they spend more than they earn in taxes [2] - Governments may raise taxes on the wealthy to redistribute wealth, potentially causing resentment between different socioeconomic groups [3] - Continued economic depression can lead to social disorder and political instability, both within and between countries [4] Monetary Policy Response - Central banks, having lowered interest rates to near zero, may resort to printing money to stimulate the economy [5] - Central banks print money to buy financial assets and government bonds, as the Federal Reserve printed over $2 trillion during the 2008 crisis [6] - This action increases asset prices, benefiting those who own financial assets, but the central bank can only buy financial assets [7] - Central banks cooperate with the central government, which can buy goods and services, by buying government bonds, effectively lending money to fund stimulus programs [8] Risks and Policy Considerations - Policymakers must balance deflationary and inflationary measures to manage debt burdens and maintain stability during deleveraging [9]

Financial Performance - Saudi Arabia's budget deficit deepened in the third quarter [1] - Weaker Brent crude prices and revenues weighed on the oil exporter's finances [1]

Debt Situation - US national debt is currently $37 trillion [1] - Net interest payments are $900 billion per year, representing the second largest federal expenditure [1] - The government will spend 40% more than it takes in this year [2] - The debt is about six times the amount of money the government takes in [2] Debt Management - The government needs to come up with $12 trillion next year, essentially debt it has to sell [2] - $1 trillion, about half of the budget deficit, goes to interest [3] - $9 trillion of debt needs to be rolled forward as it's maturing [3] - An additional $2 trillion of debt will be sold [3]

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 ...

Credit Rating - Italy received its highest credit score from a major credit assessor since 2018 [1] - Morningstar DBRS upgraded Italy's credit rating [1] Government Policy - The upgrade commended the government's efforts to control the budget deficit [1]

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 ...