Newsom budget promises ‘no new taxes’ but $15.2B in cuts against $80B deficit

California Gov. Gavin Newsom promised “no new taxes” in his 2024-2025 budget as he announced the state’s shortfall is $7 billion worse than was expected in January, and proposed $15.2 billion in ... Read More

Newsom announces budget cuts to tackle California's $27.6 billion deficit

Gavin Newsom announced in a news conference Friday his plans to ... According to Newsom, the state's deficit sits at $27.6 billion as of right now. He said he is making state budget cuts on where ... Read More

Budget deficit narrows in March

THE National Government’s (NG) budget gap narrowed in March amid a dip in tax collection and muted spending, the Bureau of the Treasury (BTr) reported on Wednesday. Data from the BTr showed the ... Read More

World News

Years of vitriolic rhetoric, worsened by the Covid-19 pandemic and the war in Ukraine, left Slovakia with bitter political division. By Andrew Higgins and Cassandra Vinograd The move could draw ... Read More

Brazil Posts Surprise Budget Deficit in March as Spending Rises

(Bloomberg) -- Brazil posted a primary fiscal deficit of 1.5 billion reais ($293 million ... Fernando Haddad’s push to close Brazil’s budget gap. Haddad has pledged to eliminate the country ... Read More

Gov. Gavin Newsom proposes painful cuts to close California's growing budget deficit

California Gov. Gavin Newsom has proposed a series of painful budget cuts to close the state's growing deficit. Newsom said Friday the state's deficit is $27.6 billion. But it's really ... Read More

News

May 17, 2024 • Across the city, power lines and trees are downed, traffic lights are out and glass is scattered across downtown. About 900,000 customers were left without power early Friday. May ... Read More

Budget deficit projected to narrow further this year

THE National Government’s (NG) fiscal deficit is seen to narrow further this year as revenue collections are likely to exceed targets, Fitch Solutions’ unit BMI said. “We forecast the Philippine ... Read More

UK budget deficit overshoots, turning fiscal screw on Sunak government

The Office for Budget Responsibility last month forecast a deficit of 114.1 billion pounds, or 4.2% of economic output ... pushing through at least some tax rises to balance the books." ... Read More

Brazil Central Government Primary Deficit Jumps 37.7% in February

The central government's primary budget deficit reached 58.4 billion reais ($11.7 billion) in February, a 37.7% surge in real terms over the same month a year ago. Total spending expanded by 27.4% ... Read More

Brazil Posts Surprise Budget Deficit in March as Spending Rises

Brazil posted a primary fiscal deficit of 1.5 billion reais ($293 million) in March, surprising analysts who forecast a surplus for the month and ramping up pressure on the government’s efforts ... Read More

World News

Israel detains journalists on suspicions of working for Al Jazeera May 12 (UPI) -- Israel has detained journalists that authorities incorrectly believed were working for Al Jazeera, the news ... Read More