June 23, 2025

budget

Finance

Republicans on state’s Joint Finance Committee finalize education spending and tax cuts | News

MADISON (WKOW) — Republicans on Wisconsin’s Joint Finance Committee have finalized education spending and tax cuts for the next two years. The committee voted to approve an additional $229 million for K-12 schools in the next state budget. That’s much less than the $3 billion Governor Tony Evers proposed. Democratic representative Tip McGuire says more

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Funds

Navy budget aims to cut funds for shipbuilding by upward of $16 billion, top senator says

Sen. Roger Wicker, R-Miss., chairman of the Senate Armed Services Committee, speaks in March 2025 at a committee hearing. (Eric Kayne/Stars and Stripes) WASHINGTON — The Navy is proposing a $16 billion cut to shipbuilding in 2026 and does not intend to move forward with plans to purchase at least six new warships, the top

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Banking

Senate Banking would zero out CFPB funding in reconciliation

The Senate Banking Committee would shut off the Consumer Financial Protection Bureau’s funding stream from the Federal Reserve to provide the vast majority of deficit reduction in reconciliation provisions released Friday. The panel posted an eight-page text that would restrict the CFPB from requesting a transfer from the Fed, according to a section-by-section explanation of

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Funds

Metro Schools face tough budget decisions amid rising costs and shrinking funds

NASHVILLE, Tenn. (WZTV) — Superintendent Dr. Adrienne Battle and her team presented their proposed $1.4 billion budget to Metro Council this week, marking a 13% increase from last year’s budget. But rising costs and shrinking resources are casting a shadow over the district’s financial outlook. One of the biggest concerns: health insurance. District leaders say

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Investors

Trump’s big, beautiful tax bill has investors concened about debt

It’s the second stretch this spring that stocks and bonds, along with the dollar, have slumped in sync — a rare trifecta we last saw in April when Trump’s tariffs spooked investors. “They were getting yippy,” Trump said of investors as he explained his decision last month to delay so-called reciprocal tariffs, a move that

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Investment

Macron announces €20B of fresh foreign investment amid economic turmoil – POLITICO

Despite transatlantic tensions, several U.S. groups are expected to announce major investment projects, including logistics group Prologis, which will invest around €6.4 billion in new logistics facilities and data centers, and Amazon (€300 million). British digital bank Revolut will also invest €1 billion and ask French authorities for a banking license, while Spanish telecom infrastructure

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Finance

Is Germany’s powerful finance minister in over his head? – POLITICO

“When somebody concentrates all power into their hands, then of course that person will be held responsible for their mistakes,” said one SPD politician, speaking on condition of anonymity to discuss internal party matters. In the past, Klingbeil could always blame the party’s failures on others — including Olaf Scholz’s unpopularity — said the parliamentarian.

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Finance

Draft Finance Bill 2025 aspires for unprecedented economic growth

Deputy President Kithure Kindiki addresses government communicators during a meeting to guide them on how to communicate about the Draft Finance Bill 2025-26 at his Karen Residence. /Mathew Gwendo/OGS The country has since independence relied on imports of food especially maize, wheat and rice commodities. However, the imports have all through been marked by

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Loans

A growing number of Americans using Buy Now Pay Later loans for groceries

(WJAR) — Buy Now Pay Later loans have exploded in popularity. In fact, a new survey by LendingTree finds that 25% of Buy Now Pay Later users now using the installment loans for everyday essentials like groceries. But is that a smart idea? And what does that say about the state of the economy? “To

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Finance

Federal Election 2025: Finance Minister Katy Gallagher rules out major cuts after 41,000 public service jobs added under Labor

Finance Minister Katy Gallagher has claimed the Australian Public Service (APS) has reached an “appropriate size” following the addition of more than 41,000 roles. The Albanese government has added 41,411 jobs to the public service since taking office in May 2022. The expansion has come as public sector wages totalled $232 billion during the 2023-2024

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