Republican leaders in the U.S. House of Representatives are engaged in an intense, last-minute campaign to secure the final votes needed to pass President Donald Trump’s landmark tax reform and spending cuts bill, a legislative push fraught with significant internal dissent from within their own ranks. This high-stakes effort underscores […]
Tag: Fiscal Policy
GAO: Guam’s public debt at $2.5B, faces risks despite stable economy
A recent comprehensive report by the U.S. Government Accountability Office (GAO), the non-partisan investigative arm of the U.S. Congress, reveals that Guam’s public debt totaled $2.5 billion for fiscal year 2023. While this figure represents a modest 4% decline from fiscal year 2021, the GAO’s analysis cautions that despite a […]
From the archive: Reality: a charter for avoidance
Decades before his tenure as Governor of the Bank of England, Mervyn King, then a burgeoning economist, issued a clarion call for fundamental change in the British tax system. An archival piece from April 1979, titled “Reality: a charter for avoidance,” reveals King’s incisive critique of the prevailing fiscal framework, […]
Tesla reports 14% decline in vehicle deliveries, marking second straight year-over-year drop
The United Kingdom’s government borrowing costs experienced a significant surge on Wednesday, a direct consequence of mounting internal strife within the governing Labour Party. This financial tremor, marked by a 22-basis-point rise in the yield on the benchmark 10-year government bonds, or gilts, underscored investor anxiety stemming from a contentious […]
Homeowner’s insurance premiums vary widely from state to state. But they are all going up
The United Kingdom’s financial landscape faced considerable turbulence this week as government borrowing costs experienced a sharp spike, a direct consequence of escalating internal divisions within the governing Labour Party. This market anxiety was primarily ignited by a contentious welfare reform bill that exposed deep fissures, leading to significant shifts […]
CARL LEUBSDORF: Trump’s bill is big but not beautiful
In a critical assessment of the landmark legislative effort, Carl Leubsdorf delves into President Donald Trump’s ambitious initiative, famously branded as “One Big Beautiful Bill,” dissecting its true impact beyond its undeniable scale. While no one disputes the sheer magnitude of this legislative endeavor—spanning hundreds of pages of significant tax […]
Karen Read’s lawyers detail their strategy, why they didn’t call Proctor, Higgins or Brian Albert
The United Kingdom’s government borrowing costs experienced a significant spike this week, a direct consequence of escalating internal divisions within the governing Labour Party and the contentious fallout from a pivotal welfare bill. This market volatility underscores growing investor unease regarding the stability of the Labour government’s fiscal approach, with […]
Treasury yields rise as investors weigh Trump’s ‘big beautiful bill’
U.S. Treasury yields experienced a notable ascent on Wednesday, a direct reflection of investors keenly scrutinizing the potential far-reaching implications of President Donald Trump’s ambitious “big beautiful bill.” This significant legislative package, a cornerstone of the administration’s economic agenda, stirred market dynamics as its narrow passage through the Senate signaled […]
Downright shameful’: Duckworth, Durbin react to Senate passage of ‘big beautiful bill’
Illinois’s Democratic U.S. Senators, Tammy Duckworth and Dick Durbin, have unequivocally voiced their strong condemnation of the recent passage of a significant tax and spending bill by the US Senate, a legislative initiative heavily championed by President Donald Trump. Their reaction, described as “downright shameful,” encapsulates the profound partisan discord […]
Elon Musk Staging A Political Comeback? Tesla CEO Sparks ‘America Party’ Buzz As He Slams Trump’s ‘Insane Spending Bill’
Elon Musk, the entrepreneurial force behind Tesla Inc. and SpaceX, has once again propelled himself into the heart of US Politics, sparking considerable debate about his potential political ambitions and the nation’s future governance. His recent declarations on social media platform X have ignited speculation about a significant shift in […]
Bank of England chief sees downward interest rate trend as UK hunts for growth
The Bank of England’s Governor, Andrew Bailey, has signaled a clear trajectory for interest rates, indicating a gradual downward trend as the United Kingdom navigates a challenging economic landscape in its pursuit of sustainable growth. This pronouncement comes amidst persistent inflationary pressures and an elusive growth picture, placing the central […]