[ad_1] LONDON — U.K. Treasury chief Rachel Reeves conceded Thursday that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees. On Wednesday, Reeves raised taxes by around 40 billion pounds ($52 billion) and announced more government borrowing to […]
[ad_1] No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans. The analysis released Monday by the nonpartisan Committee for a Responsible Federal Budget suggests a Harris presidency could increase the national debt over 10 years by $3.5 trillion. […]
[ad_1] SACRAMENTO, Calif. — Gov. Gavin Newsom on Saturday signed California’s budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and temporarily raising taxes on some businesses. Lawmakers passed the budget Wednesday following an agreement between Newsom and legislative leaders in which both sides made concessions and also had wins […]
[ad_1] SACRAMENTO, Calif. — California lawmakers approved a budget on Wednesday that slashes spending and temporarily raises taxes on some businesses to close an estimated $46.8 billion budget deficit. It’s the second year in a row the nation’s most populous state has been forced to pare back or delay some of its progressive policies that […]
[ad_1] HONG KONG — A Hong Kong court Thursday convicted 14 pro-democracy activists in the city’s biggest national security case under a law imposed by Beijing that has all but wiped out public dissent. Those found guilty included former lawmakers Leung Kwok-hung, Lam Cheuk-ting, Helena Wong and Raymond Chan. But the three judges approved by […]
[ad_1] TOPEKA, Kan. — Kansas legislators approved on Friday another year’s worth of funding for most state agencies and services after a few lawmakers staged a last-minute public protest over a 93% pay increase for themselves coming next year. The Republican-controlled Senate approved, 26-12, a bill with about $19 billion in spending for the state’s […]
[ad_1] SANTA FE, N.M. — Leading New Mexico lawmakers on Friday recommended a 5.9% increase in general fund spending for the coming fiscal year amid a windfall in oil-related income, while also sounding a cautionary note on the future of the state’s petroleum bonanza and setting aside more money in savings and investment accounts. The […]
[ad_1] ATHENS, Greece — The Greek parliament on Sunday evening approved the government’s 2024 budget, the first in 14 years with Greek debt listed at investment grade. The budget passed on a 158-142 vote in the 300-member body, with only lawmakers from the governing conservative New Democracy party voting for it. In a separate vote, […]
[ad_1] BERLIN — German Chancellor Olaf Scholz said Saturday he is confident that his troubled government will find a good solution to a budget crisis triggered by a court ruling last month, and promised his center-left party there will be no dismantling of the country’s welfare state. Leaders of Scholz’s three-party coalition have been wrangling […]
[ad_1] Republican Gov. Ron DeSantis is recommending Florida eliminate more than 1,000 state jobs in a spending proposal that cuts the current budget by more $4.6 billion ByThe Associated Press December 5, 2023, 4:55 PM FILE – Republican presidential candidate Florida Gov. Ron DeSantis speaks during the Family Leader’s Thanksgiving Family Forum, Friday, Nov. 17, […]
[ad_1] FRANKFURT, Germany — German Chancellor Olaf Scholz vowed Tuesday that his government will work “as fast as possible” to solve a budget crisis, but he offered few details on how he would achieve his goals of promoting clean energy and modernizing the struggling economy after a court decision struck down billions in planned spending. […]
[ad_1] German Chancellor Olaf Scholz (C), Finance Minister Christian Lindner (R) and Economy Minister Robert Habeck give statements to the media following the weekly government cabinet meeting on November 15, 2023 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Germany’s budget is in trouble. Last week, the constitutional court ruled that […]
[ad_1] TIRANA, Albania — Albanian opposition lawmakers disrupted the Parliament’s session again on Monday to protest what they say is increasingly authoritarian rule by the governing Socialists. Democratic lawmakers lit flares and piled chairs on top of each other in the middle of the hall the minute Prime Minister Edi Rama took his seat to […]
[ad_1] LANSING, Mich. — The top health official in one of Michigan’s largest counties is asking a judge to uphold a $4 million settlement in exchange for her resignation, coming after months of conflict with local conservative leaders who were elected in response to COVID-19 restrictions. Ottawa County leaders had attempted to fire Adeline Hambley […]
[ad_1] WASHINGTON — House Speaker Mike Johnson unveiled his proposal on Saturday to avoid a partial government shutdown by extending government funding for some agencies and programs until Jan. 19 and continuing funding for others until Feb. 2. The approach is unusual for a stopgap spending bill. Usually, lawmakers extend funding until a certain date […]
[ad_1] WASHINGTON — House Republicans went after the IRS — long a GOP whipping child — when they decided that emergency aid for Israel should be coupled with cuts elsewhere in the budget. The aid bill that passed the House on Thursday — unlikely to be approved by the Democratic-controlled Senate — would cut $14 […]
[ad_1] BISMARCK, N.D. — North Dakota lawmakers are scheduled to be back in Bismarck on Monday to begin a special session to fix a budget mess after the state Supreme Court struck down a major funding bill last month. Here is a preview of the issues involved in the special session and what awaits Republican […]
[ad_1] WASHINGTON — For many Americans, the Republican dysfunction that has ground business in the U.S. House to a halt as two wars rage abroad and a budget crisis looms at home is feeding into a longer-term pessimism about the country’s core institutions. The lack of faith extends beyond Congress, with recent polling conducted both […]
[ad_1] CNN — Federal agencies are making final preparations with the government on the brink of a shutdown and congressional lawmakers racing against Saturday’s critical midnight deadline – as House Speaker Kevin McCarthy mounts a last-minute push to avert the lapse in funding. McCarthy announced that the House will vote on a 45-day short-term spending […]
[ad_1] WASHINGTON — House Speaker Kevin McCarthy’s last-ditch plan to keep the federal government temporarily open collapsed in dramatic fashion Friday as a robust faction of hard-right holdouts rejected the package, making a shutdown almost certain. McCarthy’s right-flank Republicans refused to support the bill despite its steep spending cuts of nearly 30% to many agencies […]
