Tag #Government Spending

dailymail.co.uk
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Musk Slams Johnson's \$100 Billion Spending Bill

Speaker Mike Johnson unveiled a \$100 billion-plus spending bill including a 40% congressional pay raise, drawing sharp criticism from Elon Musk, who called it \"pork\" despite prior conversations with Johnson.

Progress

56% Bias Score

Reduced Inequality
smh.com.au
🌐 75% Global Worthiness
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Australia's Budget Deficit Blows Out by \$22 Billion

Australia's mid-year budget review reveals a \$22 billion increase in projected deficits over the coming years, driven by increased government spending in areas like aged care and early childhood education, coupled with lower-than-expected tax revenue from sources such as tobacco excise and company ...

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44% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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MoD buys back thousands of military homes for £6 billion

The UK Ministry of Defence is buying back 36,347 homes sold to developers in 1996 for £1.7 billion, now costing £6 billion, to address poor housing conditions and save the public purse over £600,000 per day.

Progress

36% Bias Score

Sustainable Cities and Communities
themarker.com
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Israel Approves 2025 Budget Framework: NIS 756 Billion Spending, 4.4% Deficit Ceiling

Israel's Knesset approved the 2025 budget framework law, increasing spending by NIS 64 billion (12.4%) to NIS 756 billion, including NIS 136 billion for debt repayment, with a 4.4% deficit ceiling, potentially rising to 4.9% if war continues and subject to cabinet approval.

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40% Bias Score

Reduced Inequality
cnbc.com
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House Passes Social Security Fairness Act; Senate Vote Looms

The House passed the Social Security Fairness Act (327-75), aiming to eliminate rules reducing benefits for 2.8 million public pensioners; the Senate must now pass it before the session ends, facing opposition from experts who argue the bill lacks cost offsets.

Progress

56% Bias Score

Reduced Inequality
cnn.com
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US Government Spending Soars, But Federal Workforce Remains Stable

Over the past 40 years, the US population grew by 100 million, while government spending ballooned from $900 billion in 1984 to over $7 trillion in 2024; however, the federal workforce remained relatively stable at around 3 million, prompting a bipartisan effort to improve government efficiency.

Progress

48% Bias Score

Reduced Inequality
welt.de
🌐 75% Global Worthiness
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German Audit Office Criticizes Federal Spending, Highlights Security Risks

The German Federal Audit Office's "Remarks 2024" report criticizes the federal government for ineffective spending on military equipment, overpriced consulting contracts, and centralized IT infrastructure, urging for improved financial management and systemic reforms.

Progress

32% Bias Score

Reduced Inequality
lentreprise.lexpress.fr
🌐 75% Global Worthiness
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France Adopts Special Law to Fund State Amid Budget Impasse

The French National Assembly unanimously approved a special law on December 16th, allowing the government to levy taxes and borrow to finance the state and social security due to the rejection of Michel Barnier's nomination and the subsequent failure to adopt a 2025 budget; this temporary measure fa...

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52% Bias Score

Reduced Inequality
theglobeandmail.com
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Canada's Deficit Exceeds Target at $61.9 Billion

Canada's fall economic update reveals a $61.9 billion deficit for 2023-24, exceeding the $40.1 billion target due to unanticipated costs; the 2024-25 deficit is projected at $48.3 billion, while longer-term fiscal targets remain.

Progress

44% Bias Score

Reduced Inequality
theguardian.com
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Australian Government Announces $83m Funding Boost for ABC

Australia's Labor government will provide the Australian Broadcasting Corporation (ABC) with an $83.1 million funding boost over two years, followed by $43 million annually, to secure its independence and stability, as recommended in a report due to be released on Tuesday.

Progress

44% Bias Score

Quality Education
cnbc.com
🌐 75% Global Worthiness
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Easterly Government Properties Stock Plummets on Federal Spending Cut Fears

Easterly Government Properties (DEA) stock has fallen 12% since the election due to investor fears about the incoming administration's plans to cut $500 billion in federal spending, despite the company's CEO arguing that their properties are essential for mission-critical government functions, such ...

Progress

52% Bias Score

Decent Work and Economic Growth
theglobeandmail.com
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"Canada's Fiscal Irresponsibility: $20 Billion Deficit Overrun Exposes Systemic Issues"

"Canada's federal government has abandoned its fiscal anchors, resulting in a projected deficit of $60 billion, exceeding its target by $20 billion despite a $45-billion increase in GDP; this is driven by a pattern of short-sighted spending decisions, leaving the country vulnerable to economic shock...

Progress

60% Bias Score

Reduced Inequality