Source link US lawmakers passed a $1.2 trillion spending bill on Saturday, in a long-overdue action six months into the budget year that has narrowly averted a partial government shutdown. The Senate approved the measure that will keep the US government funded by a 74-24 vote. The bill has been sent to US President Joe […]
Source link Countering a supposed Russian threat featured prominently in the new draft released as a campaign pitch US President Joe Biden released a draft budget for the next fiscal year on Monday, outlining his policy proposals as he prepares to run for a second four-year term ahead of the November election. The document includes […]
Source link The country will reportedly be unable to reach NATO’s military spending target next year Germany’s current military budget for 2025 is below NATO’s defense spending targets, the news outlet Bild reported on Saturday, citing sources within the Defense Ministry. The bloc’s members are committed to spending 2% of GDP on defense annually. Berlin […]
Source link An aging population and higher interest expenses have been pushing the country’s indebtedness higher The US national debt could surge by $19 trillion over the next decade to surpass the $54 trillion mark, owing to the mounting costs of an aging population and higher interest expenses, according to the latest report by the […]
Source link The immigration issue has been “broken,” and “it’s long past time to fix it,” the US president said US President Joe Biden has again urged the Republican lawmakers to agree to the long-stalled budget deal, vowing to shut down the country’s southern border as soon as he’s given the authority to do so. […]
Source link Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday. In December alone, […]
Source link Congressional leaders have announced an agreement for $1.59 trillion in 2024, including $886 billion in defense funding Republican and Democrat leaders have reached an agreement on US government spending for 2024, sidelining negotiations to secure additional resources for Israel and Ukraine, as well as money for border control. The deal comes as lawmakers […]
Source link Andrzej Duda denounced the newly elected government’s “blatant violation of the Constitution” and of democratic principles Polish President Andrzej Duda vetoed a 2024 budget bill on Saturday to protest the newly elected government’s controversial overhaul of the country’s public media outlets. Duda explained that he could not consent to the bill, which included […]
Source link The mammoth defense bill gives Ukraine a tiny percentage of the military aid promised by the White House US President Joe Biden has signed the country’s largest ever military budget into law. The $886.3 billion bill gives American troops a pay raise, but includes only a fraction of the military aid requested by […]
Source link Russia’s main focus for the next three years will be on funding its military to help it achieve victory in the Ukraine conflict, although the country’s authorities do not plan to renege on their social policy commitments, Finance Minister Anton Siluanov has said. According to official figures, Moscow plans to spend 14.2 trillion […]
Source link The Pentagon is advising Kiev on a new strategy after the failed summer counteroffensive, according to the newspaper Lackluster results from Kiev’s summer counteroffensive against Russia and problems faced by the White House in appropriating more aid for Ukraine are forcing a rethink of military strategy for the entire conflict, the New York […]
Source link Olaf Scholz’s government is too engrossed in domestic problems at the moment, a commissioner told reporters Faced with pressing domestic issues, the German government has been unable to take part in discussions on EU finances, the bloc’s budget commissioner, Johannes Hahn, has told journalists. Earlier this year, Berlin – along with several other […]
Source link Aiding Kiev is of “existential importance” to Europe, the German chancellor has said Germany’s economy needs to be modernized in order to be prepared for unexpected crises in the future, Chancellor Olaf Scholz said in his address to parliament on Tuesday. A recent Constitutional Court ruling blocked the government’s plans to divert unused […]
Source link The deficit has narrowed due to rising state revenues, the finance minister has said Russia’s budget deficit has narrowed and will be significantly lower than previous government expectations as energy revenues and the broader economy have recovered despite pressure from Western sanctions, Russian Finance Minister Anton Siluanov revealed on Wednesday. According to the […]