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An Unconventional Plan for Fixing the Federal Budget
The Apollo C.E.O. Marc Rowan has championed a model that doesn’t fit within party lines.The New York Times - 5h -
Takeaways from India's budget that slashes income tax on the salaried middle class to spur growth
Indian Prime Minister Narendra Modi’s government has presented an annual budget that focuses on wooing the salaried middle class with tax cuts and spurring economic growth by boosting agriculture ...ABC News - 8h -
A pivotal budget for India
Also in this newsletter, media companies take OpenAI to court and the tragedy at the Kumbh MelaFinancial Times - 1d -
Morning Report — GOP scrambles for budget plan
In today’s issue: House Republicans are chasing a moving target as they scramble to put together a reconciliation package to fund the government and push through President Trump’s key agenda ...The Hill - 2d -
India’s Modi faces budget challenge as economy slows
Finance minister under pressure to revive growth while maintaining fiscal disciplineFinancial Times - 2d -
Morrisons warns Budget will mean deeper cuts
Supermarket is latest UK retailer to caution on Labour government’s tax increasesFinancial Times - 3d -
Germany slashes growth outlook in 'serious' diagnosis of Europe's largest economy
The German government slashed its gross domestic product expectations Wednesday, saying it was now forecasting just 0.3% growth in 2025.CNBC - 3d -
IRS starts new tax rule for digital income
A new rule being implemented for the 2024 tax year means revenue over $5,000 collected through platforms like PayPal or Venmo has to be reported. That includes payments for concert tickets, clothes ...CBS News - 4d -
Greens and Lib Dems agree to back Scottish Budget
The deals mean that the Scottish government's tax and spending proposals will definitely be approved.BBC News - 4d -
Higher-income American consumers are showing signs of stress
Borrowers earning more than $150,000 a year are showing increasing signs of stress, according to a new report from the credit scoring company, VantageScore.CNBC - 4d -
Higher-income American consumers are showing signs of stress
Inflation, job concerns, and already high interest rates are putting the squeeze on many American consumers.NBC News - 4d -
FTfm: Fixed Income
Will Donald Trump’s presidency be good or bad for fixed income investors and how should they position themselves? Plus: the future of traditional bonds and are investors too complacent about the ...Financial Times - 5d -
RFK Jr.'s financial disclosures reveal millions in both debt and income
Financial disclosures show that Robert F. Kennedy Jr., President Trump's Health and Human Services Secretary nominee, is saddled with millions in debt, but is positioned to earn millions from book ...CBS News - Jan. 24 -
Trump urges oil-exporting nations to slash prices
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.BBC News - Jan. 23 -
Tulsi Gabbard raked in massive income engaging Republican audience, filing shows
Tulsi Gabbard reported a net worth of $55 million to $127 million, her personal financial disclosure report shows.ABC News - Jan. 20 -
Trump’s RTO Plans Could Slash Federal Employee Head Count
The threat of DOGE-led job cuts may get further backing as the president vows to require government staffers to work in person five days a week.Inc. - Jan. 20 -
How the hot EV market left middle-income Americans out in the cold
Electric vehicles made up about 9% of cars sold in the U.S. last year. Even with tax credits, they were too expensive for many middle-income households.MarketWatch - Jan. 18 -
Incoming British ambassador to US praises Trump in op-ed
The incoming British ambassador to the U.S. Peter Mandelson praised President-elect Trump in a new op-ed, predicting his forthcoming presidency will be one of the “most consequential” in recent ...The Hill - Jan. 18 -
Citigroup Slashes Jobs as Cost-Cutting Continues
Targets include senior managers in the banking giant’s wealth, technology and data analysis units.Inc. - Jan. 17 -
D.C. Restaurants Look Ahead to Incoming Trump Administration
With Trump back in town, owners are wondering how the dining scene will shape up.The New York Times - Jan. 17 -
‘The dreaded B-word’: how to start budgeting
Money is emotional – but avoiding a budget is often more of a headache than making one. For some, making a personal budget sounds about as appealing as licking a subway floor.. “They think of it as ...The Guardian - Jan. 16 -
Morgan Stanley tops estimates on strong equities and fixed income trading revenue
The bank's massive wealth management business will be helped by high stock market values in the fourth quarter, which inflates the management fees it collects.CNBC - Jan. 16 -
BP gave a bleak outlook. Now it’s reportedly slashing jobs.
After a difficult fourth quarter in which production and prices fell, oil major BP reportedly is cutting thousands of jobs.MarketWatch - Jan. 16 -
Democrats grill Trump budget pick
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Trump’s pick for budget chief faces fire in hearing Democrats grilled Russell ...The Hill - Jan. 15 -
5 Budgeting Apps to Help You Save Money
Looking to start a personal budget or save come cash? Here are a few smartphone apps that can help you penny-pinch your way to financial peace of mind.Wired - Jan. 15 -
Hochul Proposes Cutting Income Taxes for Middle-Class New Yorkers
Gov. Kathy Hochul used her State of the State speech to focus on affordability and crime, vowing to place a police officer on every overnight subway train.The New York Times - Jan. 14 -
Airlines turn to incoming government to resolve Ireland’s airport cap row
Industry hopes Dublin will resolve a long-running dispute caused by local planning restrictionsFinancial Times - Jan. 14 -
Inside Elon Musk’s Plan for DOGE to Slash Government Costs
Mr. Musk has turned to Silicon Valley to help recruit executives who will take up unofficial positions across the federal government.The New York Times - Jan. 13 -
New rule could slash nicotine levels in tobacco products
The Biden administration is poised to try to lower the amount of nicotine in tobacco products, an eleventh-hour effort that’s been years in the making. The move would give the White House one ...The Hill - Jan. 13 -
Jamie Dimon on the economy, billionaires, and income inequality
The chairman and CEO of JPMorgan Chase explains why he's referred to cryptocurrencies like Bitcoin as a Ponzi scheme; his bank's efforts to improve the lives of lower-income Americans; and his ...CBS News - Jan. 12 -
Trump's incoming border czar says mass deportations will include workplace roundups
Tom Homan, President-elect Trump's incoming border czar, said mass deportations of undocumented migrants will include workplace enforcement operations. Homan also said the administration is ...NBC News - Jan. 10 -
Trump Organization Says Incoming President Will Separate Himself From Family Business
The company is set to release a series of ethics rules governing Donald Trump’s interactions with his business empire.The Wall Street Journal - Jan. 10 -
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‘We need to be in the room’: DOGE Caucus Democrat works with GOP to slash spending
Rep. Val Hoyle (D-Ore.), a member of the new House caucus partnering with President-elect Trump’s announced Department of Government Efficiency, joins Meet the Press NOW to discuss the bipartisan ...NBC News - Jan. 8 -
Newsom proposes 'balanced' budget with no deficits
California Gov. Gavin Newsom (D) on Monday proposed a $322 billion budget that he said would be "balanced" and without deficits — marking a significant turnaround after two years of shortfalls. ...The Hill - Jan. 6
