Government Policy & Finance - Italy's Senate approved the 2026 budget, aiming to reduce the country's deficit [1] - The approved legislation includes a contentious amendment regarding the ownership of Italy's gold reserves [1]

Public Finance & Market Risk - France faces potential market backlash if deficit reduction plans fail to bring it within 5% of economic output next year [1]

Saudi Arabia says it can rein in its deficit by 2026 after a surge in spending and bond sales to fund mega-projects — but Wall Street is skeptical https://t.co/rvKAFvF86O ...

And it's a fresh read on the nation's fiscal health. The aforementioned Steve Leeman with those [music] headlines and could probably also talk about the Fed. Steve.Yeah, Brian. Thanks for that introduction. The Treasury uh reporting that the deficit hits an October record of 284 billion, but with a bunch of asterises.I think that's the plural. Expenses were boosted by a calendar change moving some stuff from uh uh into October from November of about $ 105 billion. So that's also an issue, but they were redu ...

Economic Outlook & Uncertainty - The economic outlook for 2026 is uncertain due to confusing economic indicators [1][2] - Policy driving inflation and a large, growing deficit contribute to economic uncertainty [3] - The economy is not well-poised to handle a shock [3] Tariffs & Inflation - Tariffs are considered inflationary [4] - Wholesalers initially absorbed tariff costs, but these are now starting to impact prices, including food [5] - Economic analysis suggests tariffs ultimately translate to higher prices [6] - Tariff revenue is offsetting the deficit increase from the budget bill, but this may not continue if tariffs are challenged [8] Trade Deficit & Tariff Effectiveness - Tariffs have not rescued the deficit [9] - The trade deficit is wider year-to-date [10] - The primary benefit of tariffs has been creating a negotiating environment, though this is not considered a sustainable approach [11] - Higher prices and a weaker global economy are negative consequences of tariffs [12] Impact on American Households - Americans are worried about the cost of healthcare, housing, and food, which consume most of their paycheck [13] - Potential loss of healthcare support could lead to significant cost increases or lack of coverage for millions [14] - An eighth of the country faces extreme insecurity when nutrition benefits (SNAP) are threatened [16] - The economy is lopsided, with those living paycheck to paycheck struggling [17]

Foreign investors sold Indonesian government bonds again last month, underscoring concerns over the government’s plans to increase spending and raise the deficit limit https://t.co/BZnQhwgH6H ...

Government Policy & Taxation - France's National Assembly approved a tax increase on the country's largest companies for the upcoming year [1] - The tax increase is part of the government's strategy to control the deficit and negotiate with opposition lawmakers [1]

It's day 20 of the government shutdown. Joining us now, National Economic Council Director Kevin Hasset. Uh it's good to see you, Kevin.Good morning. >> This uh give me the blueprint of how you think this ends. I I don't think it's uh that >> difficult for you maybe to to go out on a limb here.Do you think the president gets involved and uh gives the Democrats some type of assurance for these uh Obamacare subsidies or do you think he takes a hard line. And and you mentioned on u over the weekend that some e ...

We'll get to that, but right now let's get over to Aiman Jabvers. He has got some breaking news out of the United States Treasury. >> Brian, that's right.Some BFA numbers here from the US monthly Treasury statement. US government reporting $198 billion surplus for the month of September. That's against a $50 billion estimate uh for that from Reuters.So, a big beat there in terms of the monthly surplus. Senior Trevy Treasury official uh tells us this is the largest surplus for any September on record ever. T ...

We're joined on Bloomberg TV and radio by Republican Senator Rand Paul of Kentucky. Senator, it's great to have you back on Bloomberg. Welcome.Thanks, Robert. Absolutely. I'm going to start with the government shutdown, which is, of course, driving so much of the conversation here in Washington, D.C. And you're in a unique situation. You're standing alone among Republicans in the Senate.Are you. The last debt and deficit hawk among Republicans in the upper chamber. Feels that way sometimes.Yeah. You know, t ...