DOGE Aims to Cut $2 Trillion in Federal Waste
A non-governmental committee, the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, aims to slash $2 trillion in government waste by July 4, 2026, through spending cuts, program eliminations, and workforce reductions, collaborating with the Office of Management and Bu...
DOGE Aims to Cut $2 Trillion in Federal Waste
A non-governmental committee, the Department of Government Efficiency (DOGE), led by Elon Musk and Vivek Ramaswamy, aims to slash $2 trillion in government waste by July 4, 2026, through spending cuts, program eliminations, and workforce reductions, collaborating with the Office of Management and Bu...
Progress
64% Bias Score
Japan's Defense Spending Plan Faces Tax Revenue Uncertainty
Facing uncertainty over tax revenues, Japan plans to spend \$272 billion on defense through 2027, while delaying an income tax hike and relying on potentially unsustainable corporate tax revenue, raising concerns about long-term fiscal stability.
Japan's Defense Spending Plan Faces Tax Revenue Uncertainty
Facing uncertainty over tax revenues, Japan plans to spend \$272 billion on defense through 2027, while delaying an income tax hike and relying on potentially unsustainable corporate tax revenue, raising concerns about long-term fiscal stability.
Progress
48% Bias Score
France's New Government Targets Deficit Reduction Amidst Political Challenges
France's new government plans to reduce its 2025 deficit to 5-5.5% of GDP, raising €50 billion through tax increases and spending cuts, aiming for a 3% deficit by 2029, despite political challenges and warnings about relying on temporary emergency legislation.
France's New Government Targets Deficit Reduction Amidst Political Challenges
France's new government plans to reduce its 2025 deficit to 5-5.5% of GDP, raising €50 billion through tax increases and spending cuts, aiming for a 3% deficit by 2029, despite political challenges and warnings about relying on temporary emergency legislation.
Progress
48% Bias Score
Eurozone Faces Economic Uncertainty as Germany and France Lack 2025 Budgets
Germany and France's lack of 2025 budgets due to political infighting and economic challenges raises concerns about the Eurozone's future, with economists warning of potential decline and loss of standing in a world marked by superpower rivalry.
Eurozone Faces Economic Uncertainty as Germany and France Lack 2025 Budgets
Germany and France's lack of 2025 budgets due to political infighting and economic challenges raises concerns about the Eurozone's future, with economists warning of potential decline and loss of standing in a world marked by superpower rivalry.
Progress
40% Bias Score
UK Bond Yields Soar, Exceeding 4.5 Percent Amidst Market Concerns
The UK's ten-year government bond yield has reached 4.63 percent, exceeding levels from Liz Truss's premiership and surpassing German and Italian yields, reflecting market concern over the government's economic policies and impacting households and economic growth.
UK Bond Yields Soar, Exceeding 4.5 Percent Amidst Market Concerns
The UK's ten-year government bond yield has reached 4.63 percent, exceeding levels from Liz Truss's premiership and surpassing German and Italian yields, reflecting market concern over the government's economic policies and impacting households and economic growth.
Progress
44% Bias Score
Hagel Open to German Debt Brake Reform After Spending Cuts
CDU state chief Manuel Hagel expressed conditional support for reforming Germany's debt brake, prioritizing spending cuts first, aligning with CDU leader Friedrich Merz's stance, amid debate about fiscal flexibility and the debt brake's role in preventing a state debt crisis.
Hagel Open to German Debt Brake Reform After Spending Cuts
CDU state chief Manuel Hagel expressed conditional support for reforming Germany's debt brake, prioritizing spending cuts first, aligning with CDU leader Friedrich Merz's stance, amid debate about fiscal flexibility and the debt brake's role in preventing a state debt crisis.
Progress
44% Bias Score
UK Borrowing Costs Hit 25-Year High
UK long-term borrowing costs hit a 25-year high of 5.25% on Tuesday, exceeding even the 2022 mini-budget levels, due to investor concerns about stagflation and the Bank of England's ability to cut interest rates, posing a challenge to the government's fiscal plans.
UK Borrowing Costs Hit 25-Year High
UK long-term borrowing costs hit a 25-year high of 5.25% on Tuesday, exceeding even the 2022 mini-budget levels, due to investor concerns about stagflation and the Bank of England's ability to cut interest rates, posing a challenge to the government's fiscal plans.
Progress
52% Bias Score
China Prioritizes Consumption Growth Amidst Shifting Consumer Preferences
China's Central Economic Work Conference prioritizes boosting domestic demand, especially consumption, to counter concerns of a "consumption downgrade" by focusing on aligning macroeconomic policy with micro-level consumer preference shifts toward internal enjoyment and personalized products, and le...
China Prioritizes Consumption Growth Amidst Shifting Consumer Preferences
China's Central Economic Work Conference prioritizes boosting domestic demand, especially consumption, to counter concerns of a "consumption downgrade" by focusing on aligning macroeconomic policy with micro-level consumer preference shifts toward internal enjoyment and personalized products, and le...
Progress
44% Bias Score
Bayrou Government's Higher Deficit Target Compared to Barnier's
France's Bayrou government targets a 5.4% public deficit for 2025, higher than the Barnier government's 5% target, reflecting ongoing negotiations with Parliament to determine a final figure; this decision prioritizes political dialogue over immediate fiscal consolidation.
Bayrou Government's Higher Deficit Target Compared to Barnier's
France's Bayrou government targets a 5.4% public deficit for 2025, higher than the Barnier government's 5% target, reflecting ongoing negotiations with Parliament to determine a final figure; this decision prioritizes political dialogue over immediate fiscal consolidation.
Progress
40% Bias Score
China Prioritizes Consumption-Driven Growth in 2025
In 2025, China will prioritize boosting domestic demand and consumption through expansionary fiscal and monetary policies, including increased deficits, special bonds, and rate cuts, aiming to leverage the 43.1 percentage point increase in final consumption expenditure's contribution to 2023's econo...
China Prioritizes Consumption-Driven Growth in 2025
In 2025, China will prioritize boosting domestic demand and consumption through expansionary fiscal and monetary policies, including increased deficits, special bonds, and rate cuts, aiming to leverage the 43.1 percentage point increase in final consumption expenditure's contribution to 2023's econo...
Progress
40% Bias Score
Spain Allows Early Pension Withdrawals: €64 Billion Accessible
In Spain, starting January 1, 2025, individuals can withdraw funds from their pension plans after a 10-year contribution period, impacting €64 billion (half the total) and potentially altering the long-term savings structure.
Spain Allows Early Pension Withdrawals: €64 Billion Accessible
In Spain, starting January 1, 2025, individuals can withdraw funds from their pension plans after a 10-year contribution period, impacting €64 billion (half the total) and potentially altering the long-term savings structure.
Progress
60% Bias Score
US National Debt: Risk Management, Not Moralizing
The US national debt has tripled to almost \$36 trillion in two decades, necessitating a shift in focus from the "good debt/bad debt" debate to effective risk management; the government's failure to fully exploit historically low interest rates is highlighted as a key risk.
US National Debt: Risk Management, Not Moralizing
The US national debt has tripled to almost \$36 trillion in two decades, necessitating a shift in focus from the "good debt/bad debt" debate to effective risk management; the government's failure to fully exploit historically low interest rates is highlighted as a key risk.
Progress
44% Bias Score