Tag #Budget Deficit

Showing 37 to 48 of 163 results

cnn.com
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Trump Signs $4.5 Trillion Domestic Bill Amidst Public Opposition

President Trump signed a $4.5 trillion domestic bill into law on July 4th, including tax cuts and increased funding for defense and immigration, but also reducing Medicaid and food assistance, potentially affecting 12 million Americans' healthcare.

Progress

68% Bias Score

No Poverty
nbcnews.com
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Trump Signs Sweeping Tax Cut and Spending Bill into Law

President Trump signed a sweeping tax cut and spending bill into law on July 4th, extending existing tax cuts, slashing taxes on tips and overtime, and increasing military and deportation spending, while cutting Medicaid and SNAP, despite projected increases to the national debt and significant publ...

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48% Bias Score

Reduced Inequality
bbc.com
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US Budget Approval Fuels Global Debt Concerns

The US budget's approval adds \$30 trillion to its \$370 trillion debt, prompting global concern over the dollar's value and the sustainability of US debt, with potential consequences ranging from austerity measures to a global financial crisis.

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56% Bias Score

Reduced Inequality
themoscowtimes.com
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Russia Depletes National Wealth Fund Amid Plunging Oil Revenues

Russia is increasing daily sales of yuan from its National Wealth Fund to $124 million to cover a budget deficit caused by sharply lower oil and gas revenues, which have fallen below the fiscal rule's benchmark price of $60 per barrel. Analysts warn that the fund's reserves could be depleted within ...

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36% Bias Score

No Poverty
npr.org
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House Passes Trump's $3.4 Trillion Spending Bill, Cutting Medicaid

The House passed President Trump's $3.4 trillion spending bill, which includes massive tax cuts and increased spending on defense and immigration, resulting in an estimated 12 million people losing health coverage due to Medicaid cuts.

Progress

44% Bias Score

No Poverty
dailymail.co.uk
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UK Faces £40 Billion Budget Deficit, Tax Hikes Imminent

Shadow Chancellor Rachel Reeves warned of upcoming tax increases to address a potential £40 billion budget deficit this autumn, resulting from costly government U-turns on welfare reforms and sluggish economic growth, leaving the government with limited options to balance the books.

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68% Bias Score

Reduced Inequality
theguardian.com
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Trump Signs Sweeping Spending Bill, Cutting Safety Nets and Boosting Immigration Enforcement

President Trump signed a spending bill cutting Medicaid and SNAP, increasing immigration enforcement by \$170 million, and enacting tax cuts largely benefiting the wealthy, despite projected \$3.3 trillion debt increase by 2034.

Progress

56% Bias Score

No Poverty
news.sky.com
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UK Welfare Bill U-Turn Creates £5.5bn Budget Shortfall, Hints at Tax Rises

The UK government's revised welfare bill, after significant concessions, now presents a £5.5bn budget shortfall, prompting Chancellor Rachel Reeves to indicate potential tax increases this autumn.

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64% Bias Score

Reduced Inequality
dw.com
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Trump's "Big Beautiful Bill" Passes House: Tax Cuts for Wealthy, Cuts to Social Programs

The US House passed President Trump's "Big Beautiful Bill" on July 3rd, 2024, enacting $4.5 trillion in tax cuts for the wealthy, funding increases for defense and immigration enforcement, and cuts to healthcare and food assistance programs for low-income Americans, expanding the national debt by $3...

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36% Bias Score

Reduced Inequality
it.euronews.com
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Congress Passes Trump's $4.5 Trillion Tax Cut and Spending Bill

The US Congress passed President Trump's $4.5 trillion tax cut and spending bill by a 218-214 vote, including $4.5 trillion in tax cuts and $1.2 trillion in cuts to programs like Medicaid and food stamps, projected to increase the deficit by $3.3 trillion and leave 11.8 million more uninsured.

Progress

48% Bias Score

Reduced Inequality
theguardian.com
🌐 85% Global Worthiness
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UK Faces £30 Billion Budget Shortfall: Reeves Weighs Risky Options

Facing a £30 billion budget shortfall, Chancellor Rachel Reeves must choose between breaking fiscal rules, cutting spending, increasing taxes (despite manifesto pledges), imposing wealth taxes, or raising business taxes, each option carrying significant political and economic risks.

Progress

44% Bias Score

Reduced Inequality
us.cnn.com
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Senate Bill: Tax Cuts for Businesses Offset by Cuts to Social Safety Net

The Senate-passed bill, which includes permanent tax cuts for businesses and high-income earners, also enacts significant cuts to Medicaid and food stamps, impacting millions of low-income Americans and potentially increasing the national deficit by $3.4 trillion over the next decade.

Progress

44% Bias Score

Reduced Inequality

Showing 37 to 48 of 163 results