Key TakeawaysUBS Group AG (UBS) is reportedly nearing a compromise with the Swiss government, potentially reducing its post-Credit Suisse capital burden from an initial $25 billion to around $15 billion, easing concerns over its financial requirements.The European Union is planning to lift sanctions on assets linked to Russian tycoon Oleg Deripaska to compensate Raiffeisen Bank International (RBI.VI) for damages incurred in Russia, amidst the Austrian bank's efforts to exit the Russian market.Germany is dep ...

Economic Struggles of Gen Z - Youth unemployment is at 105%, double the national average [1] - About one in three young adults still live at home [1][10] - 70% of Gen Z loses sleep over financial stress [1] - College costs are 42% of income compared to 13% for their grandparents [11] Political Implications - Political figures resonating with Gen Z address economic struggles directly [1][5][6] - Affordability, financial hardship, and the housing crisis are key issues [6][8][9] - Young people voted for Trump because they thought he would fix economic problems [7] - Political leaders need to pay attention to what young people are saying [8] Proposed Solutions and Criticisms - Zoning reform and quality immigration reform are potential solutions [16] - The current president has been criticized for exploding the debt by $4 trillion and reigniting the cost of living crisis [13] - The current president oversaw the most unaffordable housing market in American history [13] - 600,000 people lost around $4 billion on crypto [14]

It is a miracle that the government stayed so fiscally responsible for so much of our history. But now, what would Alexander Hamilton say? https://t.co/Nhqh42MQNE ...

RT Daniel Priestley (@DanielPriestley)Billionaire hedge fund manager @RayDalio has said the UK is in a debt doom loop.The government has 101% of debt to GDP ratio. It spends 45% of GDP. It borrows to pay interest payments. This is wildly unsustainable and irresponsible.The doom loop bit happens when the government raises taxes to fund debt, higher taxes reduce growth, reduced growth reduces investment, reduced investment causes wealth creators to leave and the 1% who pay 30% of the taxes pull away from the ...

RT Daniel Priestley (@DanielPriestley)Billionaire hedge fund manager @RayDalio has said the UK is in a debt doom loop.The government has 101% of debt to GDP ratio. It spends 45% of GDP. It borrows to pay interest payments. This is wildly unsustainable and irresponsible.The doom loop bit happens when the government raises taxes to fund debt, higher taxes reduce growth, reduced growth reduces investment, reduced investment causes wealth creators to leave and the 1% who pay 30% of the taxes pull away from the ...

Billionaire philanthropists John and Laura Arnold have made fiscal responsibility a signature cause.So when Congress passed Trump's tax bill they called it “catastrophic” https://t.co/XLFKYIQP3D https://t.co/uZX5gsBQqZ ...

Fiscal Policy & Budget Bill Overview - The Senate passed a budget bill with Vice President Vance's tie-breaking vote, now heading back to the House [1][2] - The administration aims to get the bill to President Trump's desk by the end of the week, emphasizing the importance of adhering to the President's timeline [2][3] - The bill represents the entirety of the first year's agenda for the President, marking a significant step forward not seen in 30 years [9] Disagreement on Fiscal Impact - The Committee for Responsible Federal Budget estimates the bill will add over $4 trillion to the national debt through 2034, exceeding the House-passed bill by $1 trillion [4] - The Office of Management and Budget (OMB) argues that external fiscal watchdogs are using artificial baselines by not assuming current tax relief [4][5] - Critics, including Elon Musk and some Republican lawmakers, express concerns that the bill will balloon the deficit and increase the debt [7][8] Mandatory Savings & Deficit Reduction - The bill includes $1.6 trillion in mandatory savings, which the OMB claims more than offsets additional tax relief and spending, resulting in net deficit reduction [6] - The $1.6 trillion in mandatory savings is described as historic, more than doubling the $800 billion seen in 1997 [6] - The administration emphasizes the bill's fiscal responsibility, citing border security, defense spending, and tax relief [9]