Government spending is broken down into three categories: mandatory spending, discretionary spending, and interest on the national debt. Each category of spending has different subcategories. President Joe Biden released a $6.011 trillion federal budget proposal in May 2021 for fiscal year (FY) 2022....
"My approach is that whatever democratic government is willing to work with us, we're working together," said European Commission President Ursula von der Leyen. [European Union, 2022. Source: EC - Audiovisual Service The emergence of a far-right government in Italy has put the Europea...
"The August CPI report indicates that inflation is still roaring hot," said Jason Reed, an assistant chair and professor of finance at the University of Notre Dame's Mendoza College of Business. "Economists were hoping for a cool down during August and they saw that with significant declines ...
obviously it's not possible to simply start spending them on your personal things, since it's not your money. So first of all you need to come up with a plan on how to be making them your money. The approach that I was using is this: just wait for the end of year and then dist...
took a different path concerning how to deal with the pandemic. While lower secondary schools closed during shorter periods from March 2020 until the beginning of 2022, preschools and primary schools remained open even during times of high infection rates. Upper secondary schools and universities wer...
(RMDs) to 72. And nearly 3 years to the day after its predecessor was passed, the U.S. House of Representatives, on December 23, 2022, passed the Consolidated Appropriations Act of 2023, an omnibus spending bill that includes the much-anticipated and long-awaited retirement bill ...
Truck driver Yuichi Tomita has been delivering packages all over Japan for two decades, often clocking 40 straight hours on the road. He says the work is tough but a source of pride, and one he’s never thought of quitting--until now.
Gold’s powerful upleg between late September 2022 to early May 2023 was largely driven by spec gold-futures mean-reversion buying, which is normal. Major gold uplegs are fueled by three telescoping stages of buying. First specs buy to cover gold-futures shorts, which drives gold high enough...
Still, the main reason is the failure to adjust public spending in line with the economy’s profitability. Other research, such as, the impact of the welfare state on growth and the general government deficit by Atkinson (1995), or on the negative trends in redistribution and public finances...
Of course, these figures will vary depending on how much you actually paid in federal taxes in 2022. The National Priorities Project describes itself as a “non-partisan federal budget research organization” whose mission is to “make the federal budget accessible to the American public.”...