Tag #Fiscal Policy

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us.cnn.com

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Dec 20, 19:10

Trump's Debt Ceiling Proposal Shakes Up US Politics

President-elect Trump unexpectedly called for abolishing or extending the debt ceiling until 2029, a position at odds with traditional Republican stances, prompting debate about its economic and political implications, given the over \$36 trillion national debt.

Trump's Debt Ceiling Proposal Shakes Up US Politics

President-elect Trump unexpectedly called for abolishing or extending the debt ceiling until 2029, a position at odds with traditional Republican stances, prompting debate about its economic and political implications, given the over \$36 trillion national debt.

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What are the immediate political and economic implications of Trump's proposal to abolish or extend the debt ceiling?

President-elect Trump's unexpected proposal to abolish or significantly extend the debt ceiling has sparked a political debate. This move, traditionally championed by liberals, contrasts with the historical Republican stance and creates uncertainty within the Republican party. The current debt exceeds \$36 trillion, and a default could severely harm the US economy.

elpais.com

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Dec 20, 10:10

Colombia's Central Bank to Make Cautious Interest Rate Cut Amidst Uncertainty

The Bank of the Republic in Colombia will likely cut interest rates by a maximum of 50 basis points this Friday, a decision influenced by internal changes within the bank, concerns about inflation despite its recent decrease, and external risks such as potential US protectionism and fiscal uncertain...

Colombia's Central Bank to Make Cautious Interest Rate Cut Amidst Uncertainty

The Bank of the Republic in Colombia will likely cut interest rates by a maximum of 50 basis points this Friday, a decision influenced by internal changes within the bank, concerns about inflation despite its recent decrease, and external risks such as potential US protectionism and fiscal uncertain...

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What factors are influencing the Colombian central bank's decision regarding interest rate cuts this Friday?

The Colombian central bank is expected to cut interest rates by no more than 50 basis points this Friday, leaving the rate at approximately 9.25%. This decision comes amid a climate of change within the bank, with two new members appointed by President Petro and a new Minister of Finance. The bank's cautious approach contrasts with calls for faster reductions from the government and business sectors.

faz.net

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Dec 20, 13:12

Germany's Economic Relief Package: Limited Impact Despite Tax Cuts and Child Benefit Increase

Germany's new economic relief package, effective January 2024, includes a €5 increase in child benefit to €255, tax bracket adjustments to counter cold progression, and increased child tax allowance. Despite this, the Institute of German Economy predicts many households will still have less net inco...

Germany's Economic Relief Package: Limited Impact Despite Tax Cuts and Child Benefit Increase

Germany's new economic relief package, effective January 2024, includes a €5 increase in child benefit to €255, tax bracket adjustments to counter cold progression, and increased child tax allowance. Despite this, the Institute of German Economy predicts many households will still have less net inco...

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What immediate economic impacts are expected from Germany's recently approved relief package, and how significant are these changes on a global scale?

Germany's new relief package includes a €5 increase in child benefit to €255, starting January 2024, costing the state €4.2 million. Further increases are planned for 2026. Tax brackets will also be adjusted to mitigate the effects of "cold progression.

english.kyodonews.net

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Dec 20, 13:12

Japan Approves Tax Reforms to Fund Defense Spending, Raising Concerns About Fiscal Health

Japan's ruling parties approved tax reforms to fund a 43 trillion yen defense budget increase starting in 2026, raising corporate and tobacco taxes while also increasing income thresholds for young adults, despite concerns about reduced government revenue.

Japan Approves Tax Reforms to Fund Defense Spending, Raising Concerns About Fiscal Health

Japan's ruling parties approved tax reforms to fund a 43 trillion yen defense budget increase starting in 2026, raising corporate and tobacco taxes while also increasing income thresholds for young adults, despite concerns about reduced government revenue.

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How will Japan's tax reforms impact its fiscal health, considering the planned defense budget increase and income tax concessions?

Japan's ruling parties approved tax reforms including corporate and tobacco levy increases from 2026 to fund a 43 trillion yen ($273 billion) defense budget increase over five years. They also raised income thresholds for young adults to boost disposable income, but this will reduce tax revenue by 600-700 billion yen.

usa.chinadaily.com.cn

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Dec 19, 04:09

China Targets 5 Percent GDP Growth in 2025 with Proactive Fiscal and Monetary Policies

China aims for 5 percent GDP growth in 2025, employing a more proactive fiscal policy with a potential 4 percent deficit and a moderately loose monetary policy involving interest rate cuts to counter economic challenges.

China Targets 5 Percent GDP Growth in 2025 with Proactive Fiscal and Monetary Policies

China aims for 5 percent GDP growth in 2025, employing a more proactive fiscal policy with a potential 4 percent deficit and a moderately loose monetary policy involving interest rate cuts to counter economic challenges.

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How will China's increased fiscal deficit impact market expectations and the overall economic strategy?

To counter economic challenges like sluggish demand and trade tensions, China will use increased fiscal spending and monetary easing. This proactive approach aims to stimulate growth and manage market expectations, as the deficit ratio signals the government's commitment to economic recovery.

usa.chinadaily.com.cn

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Dec 19, 16:12

China Outlines 2025 Economic Priorities: Stable Growth, Proactive Policies, and Expanded Opening Up

China's Central Economic Work Conference outlined 2025 economic priorities: stable growth via proactive fiscal policy (increased deficit and spending), moderately loose monetary policy, boosted domestic demand, stabilized real estate market, and expanded opening up, aiming to counter external uncert...

China Outlines 2025 Economic Priorities: Stable Growth, Proactive Policies, and Expanded Opening Up

China's Central Economic Work Conference outlined 2025 economic priorities: stable growth via proactive fiscal policy (increased deficit and spending), moderately loose monetary policy, boosted domestic demand, stabilized real estate market, and expanded opening up, aiming to counter external uncert...

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How will China's proactive fiscal and moderately loose monetary policies impact domestic consumption and investment?

The multifaceted approach connects to broader global economic uncertainty. China's commitment to stable growth, despite external challenges, signals confidence and aims to prevent a sharp economic downturn. Proactive fiscal and monetary policies aim to counteract global slowdowns and stimulate domestic consumption.

forbes.com

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Dec 20, 22:07

House Rejects Spending Bill, Triggering Federal Shutdown

The House rejected a compromise spending bill, triggering a federal government shutdown before Christmas due to Republican concerns over the national debt and the bill's inclusion of a two-year debt limit extension. 38 Republicans voted against the bill, despite support from advisory Department of G...

House Rejects Spending Bill, Triggering Federal Shutdown

The House rejected a compromise spending bill, triggering a federal government shutdown before Christmas due to Republican concerns over the national debt and the bill's inclusion of a two-year debt limit extension. 38 Republicans voted against the bill, despite support from advisory Department of G...

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What are the immediate consequences of the House's rejection of the continuing resolution?

The House rejected a continuing resolution to fund the government, setting the stage for a federal shutdown. While many essential services continue, 38 Republicans opposed the bill, primarily due to concerns about the national debt and the bill's extension of the debt ceiling. This action marks the 22nd federal government shutdown since the 1970s.

welt.de

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Dec 20, 13:12

Germany Approves Tax Cuts to Offset Inflation

The German parliament approved tax cuts totaling 564 euros over two years, to offset inflation's impact on taxpayers; additionally, adjustments to the solidarity surcharges and child benefits were approved.

Germany Approves Tax Cuts to Offset Inflation

The German parliament approved tax cuts totaling 564 euros over two years, to offset inflation's impact on taxpayers; additionally, adjustments to the solidarity surcharges and child benefits were approved.

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What are the immediate financial impacts of the approved tax cuts and child benefit increases on German citizens?

Germany's parliament approved tax cuts and child benefit increases for the next two years. The changes, including a 312 Euro increase to the basic tax allowance in 2025 and a further 252 Euro increase in 2026, aim to offset the effects of 'cold progression'—higher taxes due to inflation. The adjustments also affect solidarity surcharges.

theguardian.com

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Dec 20, 13:12

UK Debt Falls to Three-Year Low in November

In November, UK government borrowing fell to £11.2bn, defying forecasts of £13bn and marking the lowest November figure since 2019, owing to lower interest payments (£3bn) and higher tax receipts, offering Chancellor Rachel Reeves temporary respite from budget criticism.

UK Debt Falls to Three-Year Low in November

In November, UK government borrowing fell to £11.2bn, defying forecasts of £13bn and marking the lowest November figure since 2019, owing to lower interest payments (£3bn) and higher tax receipts, offering Chancellor Rachel Reeves temporary respite from budget criticism.

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What is the immediate impact of the UK's lower-than-expected November borrowing figures on the government's financial situation and political standing?

UK government borrowing dropped to £11.2bn in November, significantly lower than predicted and the lowest November figure in three years. This positive outcome is largely due to lower interest payments on government debt (£3bn) and higher-than-expected tax receipts. The lower-than-expected borrowing provides Chancellor Rachel Reeves with some relief amidst criticism of her recent budget.

forbes.com

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Dec 19, 22:11

MAGA Movement Blocks Bipartisan Deal, Risks Government Shutdown

House Speaker Mike Johnson and Democrats reached a bipartisan deal to prevent a government shutdown, but the MAGA movement, spurred by Elon Musk's misinformation and Trump's and Vance's opposition focused on a debt-ceiling increase, blocked it, risking a shutdown and mirroring the three shutdowns du...

MAGA Movement Blocks Bipartisan Deal, Risks Government Shutdown

House Speaker Mike Johnson and Democrats reached a bipartisan deal to prevent a government shutdown, but the MAGA movement, spurred by Elon Musk's misinformation and Trump's and Vance's opposition focused on a debt-ceiling increase, blocked it, risking a shutdown and mirroring the three shutdowns du...

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Responsible Consumption and Production

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What are the immediate consequences of the MAGA movement's rejection of the bipartisan government shutdown deal, and what does it indicate about the potential for future legislative gridlock?

A bipartisan deal to prevent a government shutdown was reached by House Speaker Mike Johnson and Democrats, but the MAGA movement, fueled by Elon Musk's misinformation campaign on X (formerly Twitter), and statements from President-elect Trump and VP-elect Vance, blocked the bill's passage. This resulted in the federal government hurtling toward a shutdown, mirroring the three shutdowns during the last Republican unified control.

global.chinadaily.com.cn

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Dec 19, 04:09

China Targets 5 Percent GDP Growth in 2025 with Proactive Economic Policies

China plans a 5 percent GDP growth target for 2025, implementing proactive fiscal and monetary policies including a potential 4 percent GDP deficit and interest rate cuts to counter economic challenges and boost domestic demand.

China Targets 5 Percent GDP Growth in 2025 with Proactive Economic Policies

China plans a 5 percent GDP growth target for 2025, implementing proactive fiscal and monetary policies including a potential 4 percent GDP deficit and interest rate cuts to counter economic challenges and boost domestic demand.

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What is China's economic growth target for 2025, and what specific policy measures will be implemented to achieve it?

China aims for a 5 percent GDP growth target in 2025, maintaining this year's level. To achieve this, proactive fiscal and monetary policies are planned, including a potential 4 percent GDP deficit (up from 3 percent in 2023) and interest rate cuts. This approach counters economic challenges like sluggish domestic demand and trade tensions.

africa.chinadaily.com.cn

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Dec 19, 19:12

China Outlines 2025 Economic Priorities: Stable Growth, Proactive Fiscal Policy, and Boosted Domestic Demand

China's Central Economic Work Conference set economic priorities for 2025, including stable growth, proactive fiscal policy, moderately loose monetary policy, boosted domestic demand, real estate market stabilization, and expanded opening up, aiming to address economic challenges and attract foreign...

China Outlines 2025 Economic Priorities: Stable Growth, Proactive Fiscal Policy, and Boosted Domestic Demand

China's Central Economic Work Conference set economic priorities for 2025, including stable growth, proactive fiscal policy, moderately loose monetary policy, boosted domestic demand, real estate market stabilization, and expanded opening up, aiming to address economic challenges and attract foreign...

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What immediate economic impacts are anticipated from China's announced policy adjustments for 2025?

China's Central Economic Work Conference outlined key tasks for 2025, focusing on stable economic growth, proactive fiscal policy, and boosting domestic demand. These policies aim to support jobs, consumer prices, and attract foreign investment, leveraging existing economic strengths like urbanization and digitalization.

Showing 517 to 528 of 602 results