UK Chancellor of the Exchequer Rachel Reeves will need to find a further £4 billion to put her budget back on track if the Bank of England decides to stop active gilt sales at a critical decision this week https://t.co/SzIbKgxNhX ...

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]

US Congress Key Issues - Congress faces delayed showdowns, including the release of Jeffrey Epstein case files [1] - A budget battle looms with a 30-day deadline, potentially leading to a government shutdown [2] - Turmoil at the CDC will be a focus during RFK Jr's Senate testimony [2] Epstein Case - A bipartisan effort threatens a floor vote to release Epstein files with minimal redactions [4] - Victims of Jeffrey Epstein's sexual abuse may hold a press conference, potentially revealing new information [5] - The House Oversight Committee is also investigating the Epstein case, holding meetings with victims and issuing subpoenas [5][7] Budget and Government Shutdown - Democrats may resist cooperating on a budget, potentially leading to a government shutdown [16] - Democrats are considering withholding votes on the budget until they receive concessions [20] - Republicans could face blame if the government shuts down [24] Political Conflicts - Democrats are calling for RFK Jr's removal from his position [13] - The White House is accused of cancelling funding already approved by Congress [18] - Senate Republicans are considering a rule change to expedite the confirmation of President Trump's appointments [25]

Ahead of the most important Budget this parliament, UK Prime Minister Keir Starmer brings his own financial firepower into Number 10. But is it really what he needs? Get the Readout with @allegrastratton https://t.co/hTrsAgVUw2 ...

Government Fiscal Policy - Brazil's 2026 budget bill will be released without the additional $2.4 billion from court-ordered payments (precatorios) [1]