Tag #Economic Policy

nbcnews.com
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Musk and Ramaswamy Begin Talks with Republicans on Federal Spending Cuts

Tech billionaire Elon Musk and conservative activist Vivek Ramaswamy met with congressional Republicans to advise on slashing federal spending and regulations, facing challenges from conflicting campaign promises and potential conflicts of interest.

Progress

52% Bias Score

Reduced Inequality
edition.cnn.com
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Trump's Efficiency Board Faces Steep Challenges to Spending Cuts

President-elect Trump's advisory board, aiming to cut $2 trillion in federal spending, faces significant hurdles due to mandatory spending commitments and the potential for legal challenges to unilateral spending decisions, mirroring the failed Reagan-era Grace Commission.

Progress

52% Bias Score

Reduced Inequality
t24.com.tr
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Turkey's High NEET Rate: 4.7 Million Young People Out of Education and Employment

In Turkey, 4.7 million young people aged 15–29 are neither in education nor employment (NEET), a rate of 25.8% compared to the EU average of 11.2%; this is attributed to fluctuating education policies and economic factors, resulting in a brain drain as many young people aspire to live abroad.

Progress

56% Bias Score

Quality Education
bbc.com
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UK Government's £70bn Spending Increase Funded by Business-Focused Tax Rises

The UK government implemented a near-£70bn public spending increase funded by tax rises, mainly affecting businesses through National Insurance, capital gains tax, and inheritance tax freezes; despite criticism, the Office for Budget Responsibility forecasts minimal long-term GDP change.

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36% Bias Score

Reduced Inequality
abcnews.go.com
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Trump's Economic Policies May Clash with Federal Reserve, Potentially Raising Interest Rates

President-elect Donald Trump's plans to cut taxes and impose tariffs may clash with the Federal Reserve's efforts to control inflation, potentially resulting in higher interest rates despite his promises of lower borrowing costs for American households.

Progress

40% Bias Score

cnnespanol.cnn.com
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Ramaswamy Targets Biden Administration's $6.6 Billion Rivian Loan

Incoming co-chair Vivek Ramaswamy plans to recover $6.6 billion in government loans disbursed to Rivian, a competitor to Elon Musk's Tesla, and other clean energy projects in the Biden administration's final days, raising concerns about political influence on funding decisions.

Progress

36% Bias Score

europe.chinadaily.com.cn
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Trump's conditional openness to Chinese auto investment in the US

Despite his campaign promise of imposing higher tariffs on Chinese goods, President Trump is considering allowing Chinese automakers to manufacture vehicles in the US, creating jobs and boosting the US economy; however, this will require the complete production and employment of Americans.

Progress

40% Bias Score

Decent Work and Economic Growth
theguardian.com
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Trump's Billionaire-Filled Administration Sparks Concerns

Donald Trump's 2024 administration will be the wealthiest in US history, with at least 11 appointees holding billionaire status or close ties to billionaires, raising concerns about policy decisions favoring the wealthy and potential cuts to social programs.

Progress

64% Bias Score

Reduced Inequality
foxnews.com
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Sheehy's Montana Senate Win Shifts National Policy Focus

Republican Tim Sheehy defeated incumbent Senator Jon Tester in Montana by seven points, winning a key Senate race for the GOP. Sheehy plans to prioritize border security, economic growth, responsible public land management, and military readiness in the upcoming Congress.

Progress

64% Bias Score

Decent Work and Economic Growth
forbes.com
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U.S. National Debt: Domestic Holdings Mitigate Economic Risk

The U.S. national debt, while seemingly enormous at $37 trillion, is largely an internal asset due to 70% domestic ownership, significantly reducing its economic impact compared to the 30% held externally.

Progress

56% Bias Score

Reduced Inequality
theglobeandmail.com
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Trump's Influence on the Federal Reserve Risks Inflation and Market Instability

President-elect Trump's potential interference in the Federal Reserve's monetary policy, through a "shadow" chair and the upcoming appointments to the board, creates market uncertainty and risks dangerously low interest rates and increased inflation, particularly after 2026 when Chair Powell's term ...

Progress

64% Bias Score

theguardian.com
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Starmer Unveils Six Key Policy Milestones for UK Economic and Public Service Reform

UK Prime Minister Keir Starmer announced six key policy milestones including 150 major infrastructure projects, aiming to boost economic growth, improve public services, and increase accountability, while facing criticism for lowered targets and excluding immigration.

Progress

48% Bias Score