Angola plans to cut spending by a modest 1.7% next year to 33.24 trillion kwanza ($31.2 billion), according to budget document posted on Finance Ministry website https://t.co/zfBKLuBDJs ...

Because Congress was busy for the first time in American history doing a completely partisan recisions bill. Just hours after the Senate, the House voted to approve President Trump's $9 billion spending cut package. The bill claws back billions in previously approved congressional funding.Two Republicans joined all House Democrats in voting against it. The majority of the cuts, $8 billion, comes from foreign assistance programs such as migration and refugee assistance, as well as USAD. Another $1.1% billion ...

Tax Policy & Economic Impact - The speaker disagrees with the initial deficit numbers, citing temporary measures in the House bill that appear to raise revenue but could cause a recession [1] - The speaker suggests that achieving 3% growth instead of 18% (likely a typo and should be 1.8%) would add $4 trillion to revenue, making the bill a deficit reducer [1] - The speaker claims the bill represents the biggest tax cut in history and will be incredibly positive for the budget with a little bit of growth [2] Government Spending & Budget - The speaker mentions discretionary spending rescissions planned for the Senate, potentially amounting to $160 billion this year [2] - The speaker suggests that $160 billion in rescissions would have a deficit impact of $1600 billion (10 times $160 billion) [3]