Economics ❯Fiscal Policy

Government Spending

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U.S. House Passes Trump's Tax Bill, Triggering Market Turmoil

The $3.8 trillion legislation advances to the Senate as bond yields hit multiyear highs, stocks fall, and bitcoin reaches record levels.

Japan's Economy Contracts 0.2% in Q1 as Export Struggles Deepen

Canada to Lower Lowest Income Tax Rate to 14% Starting July 2025

Elon Musk Scales Back Role at DOGE as Tesla Faces Financial Turmoil

Mayor Adams Unveils $115.1 Billion Budget with Focus on Public Safety, Education, and Social Services

Labor Reveals $1 Billion Budget Boost as S&P Warns of Credit Rating Risks

Coalition's Electric Vehicle Tax Break Repeal Sparks Confusion and Backlash

Acting President Urges Swift Approval of $8.55 Billion Emergency Budget

Treasurers Clash Over Economic Strategies as Trump’s Tariffs Reshape Election Debate

Senate Passes Budget Resolution Advancing Trump’s Tax Cuts and Border Funding

Rachel Reeves Faces Backlash Over Unpopular Spring Statement

Debt Ceiling Deadline Looms as U.S. Risks Default by Mid-July

Rachel Reeves Faces Mounting Pressure as Borrowing Surges and Growth Forecasts Cut

Germany Approves Historic Fiscal Reforms for Defense and Infrastructure Spending

German Parliament Approves Historic €1 Trillion Fiscal Reform

European Powers Unite to Bolster Ukraine's Defense Amid Shifting Security Landscape

South Africa's Budget Faces Uncertainty Over VAT Hike Disputes

Germany's Greens Challenge Merz's Push for Debt Brake Reform and Massive Spending

UK Businesses Cut Hiring Plans as Tax and Wage Costs Loom

Nationwide Airport Strikes Disrupt Flights Across Germany