He advocated for a broad plan that gradually reduces the deficit as well as reforms the tax code, but repeatedly dodged attempts by members of both parties to weigh in on the ongoing debate. “I’m not going to get into the breakdown of a deal,” he told Rep.Sean Duffy(R...
Higher total debt means higher spending to fund interest payments. The U.S. government pays about 17% of its revenues to the owners of Treasury bonds. If rates are unchanged, the cost of servicing the federal debt over the next 10 years could grow significantly larger, even with no changes...
global equities are threatening their worst week since mid-April, attributed to a growing realization that rate cuts from the Federal Reserve are unlikely anytime soon
The UAE’s 2025 federal budget, approved, at US$ 19.5 billion, for both expenditure and revenue, reflects an 11.6% increase in spending and an 8.8% rise in revenue compared to 2024.The UAE’s ability to breakeven in 2025, while other GCC nations face deficits, speaks for itself. It esti...
of its dominance—from the communist bloc and anti-colonialists to contemporary adversaries like China, Russia, and other emerging powers. Meanwhile, critics argue that mounting inflation, the rising U.S. federal deficit, and government entitlements could bring down the USD's dominance from within....
government view as “poverty” or “poor” (or, at least poor enough to be eligible for federal assistance). Am I living below that income level (assuming zero taxes)? Could I live below that level if I had to?So, what is the federal poverty line? Let’s start there…...
In the bill negotiated between Speaker Kevin McCarthy and President Joe Biden, federal agencies would be subject to a 1% across-the-board cut if Congress does not approve the funding bills by Jan. 1 and instead approves a stop-gap bill known as a continuing resolution. ...
Facing the risk of a federal government default as soon as June 1, President Joe Biden has invited the top four congressional leaders to a White House meeting on May 9 for talks. It’s the first concrete step toward negotiations on averting a potential economic catastrophe, but there’s ...
Inadequate reimbursements from state and federal agencies, a decline in hospital admissions, an excess of available beds in the area, and the failure to recruit physicians to admit to the hospital were the reasons cited when Norwest General Hospital's management decided to close the hospital in ...
USFederalBailout. Accessed March 2013. 151. Some 150 thousand Vietnam vets also committed suicide later. See Nam Vet: Making Peace with Your Past by Chuck Dean. 2012 152. Iraq War Among the World's Worst. WarIsACrime.Org. March 2013. Figures on the high cost to Iraq and the USA. ...