Latest in Germany's Merz open to reforming debt brake on government spending
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Worries about deficit spending after election bog down U.S. government debt
With about two weeks left before the Nov. 5 election, Treasury yields extending their climb from September’s lows on Monday — spurred in part by growing concern about the path of the U.S. deficit ...Business - MarketWatch - October 21 -
Will Friedrich Merz get Germany to abandon its fiscal fetish?
Opposition leader in pole position to become chancellor will inherit controversial ‘debt brake’Business - Financial Times - 3 days ago -
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Germany's Fractious Government Collapses
German Chancellor Olaf Scholz dismissed a pro-business party from his governing coalition, ending a three-year alliance marked by increasing internal dissent and political stasis.World - The Wall Street Journal - November 6 -
Germany’s Coalition Collapses, Leaving the Government Teetering
After months of disputes, Chancellor Olaf Scholz ousted one of his governing partners, adding to the challenges for Europe since Donald Trump’s election.World - The New York Times - November 7 -
Five things to know about Germany's government crisis
German Chancellor Olaf Scholz has announced he will ask for a vote of confidence in December, setting the path for an early election in FebruaryWorld - ABC News - 23 hours ago -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - October 30 -
Holiday shoppers plan to spend more while taking on debt this season
Leaning on credit cards, or even buy now, pay later, to purchase holiday gifts will come at a high cost if there are missed or late payments.Business - CNBC - October 16 -
Chancellor to change debt rules to release billions for infrastructure spending
Rachel Reeves tells the BBC the change will allow the government to borrow more money - but cuts are still expected in her first Budget next week.Top stories - BBC News - October 25 -
China unveils 10tn yuan support for debt-stricken local government
Cash stops short of hoped-for ‘bazooka option’, with critics calling it ‘an accounting exercise’ that will not bolster growth. China has announced 10tn yuan in debt support for local governments ...World - The Guardian - 6 days ago -
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Germany's government is on the brink of collapse — here’s what could happen now
Germany's ruling coalition has long been standing on shaky ground, but the situation has become critical in recent weeks, with a breakup more likely than ever.Business - CNBC - November 4 -
Germany's coalition collapses dramatically. Scholz plans to lead with a minority government
Germany’s leader is expected to lead the country with a minority government after the collapse of the coalitionWorld - ABC News - November 7 -
Why has Germany’s government collapsed and what happens next?
Olaf Scholz’s sacking of his finance minister has plunged Europe’s largest economy into considerable uncertainty. Germany’s three-way coalition, the “traffic light” alliance of centre-left Social ...World - The Guardian - November 7 -
Germany's economy is in trouble. The government's collapse and Trump's return bring more risk
The collapse of Germany’s governing coalition and President-elect Donald Trump’s imminent return to the White House are creating new risks for the European Union's biggest economyWorld - ABC News - November 7 -
The collapse of Germany’s government will delight Trump – and his European friends | Paul Taylor
The German dream of centrist, stable government has been dashed by geopolitical forces and the cult of balanced budgets. Wednesday 6 November was a seismic day in the politics of the west. On one ...World - The Guardian - 5 days ago -
Taxes, spending and borrowing all higher as the new Labour government seeks to 'rebuild' the UK
British Treasury chief Rachel Reeves says taxes will rise by $52 billion to plug a hole in the public finances and provide new funding for the U.K.‘s cash-starved public services, as she announced ...World - ABC News - October 30 -
Will Elon Musk be able to cut $2 trillion from US government spending?
The Tesla CEO claimed he could slash US spending by eradicating “waste”.Top stories - BBC News - Yesterday -
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U.K. government bond yields hit 2024 highs as traders balk at increased debt sales
Benchmark U.K. bond yields hit their highs of the year on Thursday as investors balked at the increased borrowing set out in the government’s budget.Business - MarketWatch - October 31 -
China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.Business - CNBC - 6 days ago -
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economyWorld - ABC News - 6 days ago -
Italy opens procedure against China's Sinochem for possible breach of Pirelli governance
Italy has opened up an administrative procedure against China’s Sinochem, the largest shareholder in Italian tiremaker Pirelli, over possible violations of restrictions placed by Rome to protect ...World - ABC News - November 7 -
UK government looks at ending Gove ban on councils opening new schools
Education secretary Bridget Phillipson says Tories had ‘tunnel vision’ about promoting academiesBusiness - Financial Times - 5 days ago -
At last, a government willing to spend – but this budget will expose it to two great dangers | Aditya Chakrabortty
The good news: more money is on the table. The problems lie around how it will be raised – and who doesn’t stand to benefit. Change. That’s what Keir Starmer promised, isn’t it? In white letters ...World - The Guardian - October 31 -
German opposition leader Merz calls for snap elections
Chancellor Olaf Scholz faces growing pressure from politicians and business to commit to January voteWorld - Financial Times - November 7 -
Senate Republicans pump brakes on year-end omnibus
Senate Republicans are pumping the brakes on a year-end omnibus spending package as Sens. John Thune (R-S.D.), John Cornyn (R-Texas) and Rick Scott (R-Fla.) are locked in a battle to become the ...Politics - The Hill - October 16 -
Soldier with Yemen's exiled government opens fire, killing 2 Saudi troops and wounding another
A soldier for Yemen’s exiled government has opened fire on Saudi troops as they exercised in eastern Yemen, killing two of them and wounding another in a rare insider attack during the kingdom’s ...World - ABC News - 4 days ago -
Soldier with Yemen’s exiled government opens fire, killing 2 Saudi troops and wounding another
A soldier for Yemen’s exiled government opened fire on Saudi troops as they exercised in eastern Yemen, killing two of them and wounding another in a rare insider attack during the kingdom’s nearly ...Top stories - NBC News - 4 days ago -
Stellantis Issues Global Recall for 44,500 SUVs With Brake Pedal Defect
Affected vehicles include some 2024 through 2025 model-year Alfa Romeo Tonale plug-in hybrid SUVs and some 2024 model-year Dodge Hornet plug-in SUVs.Business - Inc. - October 17 -
Opponents of school choice hope to hit the brakes this Election Day
Next week’s elections bring a front for the school choice fight as voters in three states face ballot initiatives on the issue, an arena where advocates have not yet seen a win. Kentucky, Colorado ...Politics - The Hill - October 31 -
In One Day, Two of the Biggest Brakes on Israel's Netanyahu Disappeared
The Israeli prime minister is expecting a freer hand from Washington as he pursues conflicts in Gaza, Lebanon and with Iran.World - The Wall Street Journal - November 6 -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31
