Tag #Budget Deficit

Showing 109 to 120 of 163 results

smh.com.au
🌐 85% Global Worthiness
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Cyclone Alfred to Slash \$1.2 Billion from Australian Budget

Cyclone Alfred will cost the Australian federal budget \$1.2 billion and slow economic growth, while think tanks urge significant reforms to address long-term economic challenges amid global uncertainty.

Progress

40% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Russia's National Wealth Fund Shrinks Amid War, Raising Economic Risks

Russia's National Wealth Fund's liquid assets have fallen to 3.4 trillion rubles (1.6% of GDP) as of March 1st, down from 8.43 trillion rubles in January 2022, primarily due to the war in Ukraine and a shift towards less liquid assets; this poses significant economic risks.

Progress

52% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Germany's Coalition Talks Hampered by Massive Budget Deficit and Debt Brake Reform

Germany's CDU/CSU and SPD are negotiating a coalition government facing a €130 billion deficit and requiring €900 billion for defense and infrastructure, necessitating a 'debt brake' reform and the creation of a €500 billion infrastructure fund, all to be approved by the current Bundestag before its...

Progress

36% Bias Score

Reduced Inequality
smh.com.au
🌐 85% Global Worthiness
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China's Record Deficit to Counter Economic Slowdown and US Tariffs

China announced a record budget deficit of 5.66 trillion yuan ($1.24 trillion) to boost its slowing economy and counter US tariffs, aiming for 5% GDP growth and prioritizing high-tech development; Premier Li Qiang also dropped the 'peaceful reunification' reference for Taiwan.

Progress

40% Bias Score

Decent Work and Economic Growth
abcnews.go.com
🌐 75% Global Worthiness
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Trump's Incompatible Tax Cut Plan Threatens Budget Balance

Trump's proposed tax cuts, which include extending his 2017 cuts and further reducing taxes for the wealthy while eliminating the tip tax, conflict with his promise to balance the budget, especially considering a recently passed House bill that would add nearly \$3 trillion to the deficit over the n...

Progress

48% Bias Score

Reduced Inequality
elmundo.es
🌐 75% Global Worthiness
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Vatican's Financial Crisis Deepens Amidst Pope's Illness

Facing internal opposition, Pope Francis, hospitalized with pneumonia, ordered a new commission to increase donations to the Vatican, which has a growing deficit and substantial pension fund liabilities.

Progress

48% Bias Score

Reduced Inequality
cbsnews.com
🌐 75% Global Worthiness
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Funding Gap Jeopardizes Yuba City Affordable Housing Project

Yuba City and Habitat for Humanity face a funding shortfall of $7 million for the "Merriment Village" low-income housing project, jeopardizing a $24 million state grant and delaying construction of over 200 units for low-income families, veterans, and seniors by the end of April.

Progress

56% Bias Score

No Poverty
theglobeandmail.com
🌐 90% Global Worthiness
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Trump's Unrealistic Deficit Elimination Pledge Threatens Global Economy

President Trump pledged to eliminate the US\$1.9 trillion federal deficit by 2029, a promise that contradicts the GOP budget resolution's forecast of continued deficits and proposed tax cuts, risking global economic instability.

Progress

56% Bias Score

Reduced Inequality
npr.org
🌐 75% Global Worthiness
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DOGE's Insignificant Impact on Federal Spending

Elon Musk's Department of Government Efficiency (DOGE) aims to cut \$1 trillion in federal spending by September 2025, but its claimed savings of \$105 billion are unsubstantiated and insignificant compared to the overall budget, highlighting the need for congressional action.

Progress

56% Bias Score

Reduced Inequality
dw.com
🌐 85% Global Worthiness
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Germany Plans Massive Debt-Financed Infrastructure Investment, Sparking Schuldenbremse Debate

Germany's new CDU/CSU-SPD coalition government plans a €500 billion infrastructure investment package financed by debt, necessitating a Schuldenbremse reform to accommodate increased defense spending, despite concerns about rising national debt and opposition from the AfD and Left party.

Progress

36% Bias Score

Reduced Inequality
euronews.com
🌐 75% Global Worthiness
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Italy's GDP Growth at 0.7% in 2024

Italy's 2024 GDP grew by 0.7%, driven by consumption and government spending, exceeding the Bank of Italy's forecast but missing the government's target; this contrasts with France's growth and Germany's contraction, and future growth may depend on the service sector.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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Republican Budget Framework: \$4 Trillion Tax Cut Debate

House Republicans propose a budget framework assuming \$2.6 trillion in economic growth from tax cuts, while Senate Republicans contend that extending the 2017 Tax Cuts and Jobs Act is costless; however, extending the TCJA will cost over \$4 trillion, potentially reaching \$15 trillion with addition...

Progress

24% Bias Score

Reduced Inequality

Showing 109 to 120 of 163 results