Latest in Trillion Government
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China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.Business - The New York Times - 6 days ago -
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 -
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 -
Mr. Musk Goes to Washington — With a $2 Trillion Agenda
Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.Business - The New York Times - Yesterday -
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Business - CNBC - October 18 -
The Quarter-Trillion-Dollar Rush to Get Money Out of China
Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.World - The Wall Street Journal - October 23 -
Global public debt will hit $100 trillion by year-end, says IMF
The IMF warned of the risks posed by unsustainable public debt levels.Business - CNBC - October 23 -
Trump, Harris tax-break costs soar to more than $12 trillion
Vice President Kamala Harris and former President Donald Trump have been proposing a slew of new tax cuts and credits over the course of their campaigns, and are even adding to the list in the ...Business - MarketWatch - October 29 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
Musk draws skepticism with call for $2 trillion in spending cuts
Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...Politics - The Hill - November 3 -
Tesla surpasses $1 trillion in valuation in the wake of Trump's victory
Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.Top stories - NBC News - 6 days ago -
Countries Weigh How to Raise Trillions for Climate Crisis at COP29
Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.World - The New York Times - 2 days ago -
New football regulator to be given power to tackle controversial 'parachute payments'
"Strengthened" legislation to establish an independent football regulator for the elite men's game in England is set to be introduced to parliament by the government.Top stories - BBC News - October 23 -
Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.
The combined cost in new debt of former President Donald Trump’s and Vice President Kamala Harris’s tax and spending proposals would dwarf those put forward in previous election cycles, according ...Business - MarketWatch - October 18 -
If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare
Musk is talking big cuts. Something’s got to give.Business - MarketWatch - October 29 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
Tesla hits $1 trillion market cap as stock rallies after Trump win
Shares of Tesla climbed in afternoon trading Friday, pushing the electric vehicle maker's market cap past $1 trillion.Business - CNBC - 6 days ago -
Tesla’s market cap hits $1 trillion after another Trump-fueled jump for the stock
Tesla Inc.’s market valuation hit $1 trillion on Friday, after a post-election rally lifted the electric-vehicle maker’s stock by more than 25% on hopes the incoming Trump administration could ...Business - MarketWatch - 6 days ago -
Credit card debt hits record $1.17 trillion, New York Fed research shows
Credit card balances rose in the third quarter of 2024, the Federal Reserve Bank of New York found.Business - CNBC - Yesterday -
Americans’ $1 trillion credit-card debt problem is inching in the right direction as inflation eases
Americans are still building up their credit-card balances, but they’re doing a better job paying those bills on time — and it could be sign that inflation’s bite is easing.Business - MarketWatch - 17 hours ago -
Crypto Industry Pushes Policy Change Agenda as Global Investment Tops $3.2 Trillion
Crypto companies want the Trump administration to promote digital assets and can expect a friendlier regulatory climate. The U.S. election has pushed global crytpo totals to record highs.Business - Inc. - 13 hours ago -
The Power of Government Policies
The U.S. has the capacity to address its biggest problems. Whether it does is a different matter.Top stories - The New York Times - October 17 -
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 -
The British government’s Trump dilemmas
Relations with both the US and EU are now called into questionBusiness - Financial Times - 3 days ago -
Inquiry announced after carers forced to repay benefits
Some carers had to pay back thousands of pounds to the government, pushing them into financial distress.Top stories - BBC News - October 16 -
Governments should crowdsource defence innovation
Bright ideas are not the monopoly of those holding jobs in national securityWorld - Financial Times - October 23 -
Why state governments are tightening their budgets
State governments in the U.S. must tighten budgets or take on more debt to manage declining revenues, long-standing liabilities and emerging risks.Business - CNBC - November 6 -
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UK government not considering Scottish visa to attract migrants
Sir Keir Starmer has been urged to transfer powers to the Scottish government to help address labour shortages.Top stories - BBC News - October 16 -
Israel Strikes at Hezbollah in Southern Lebanon, Hitting City Building
The mayor of Nabatieh was killed, according to Lebanese state media, in an air raid that Israel said was targeting Hezbollah.World - The Wall Street Journal - October 16 -
Government to give magistrates more sentencing powers
Magistrates in England and Wales will be able to jail offenders for up to 12 months from November to stop cases clogging up crown courts.Top stories - BBC News - October 17 -
Sustainable Aviation Fuel Projects Get Government Boost
The Department of Energy offered conditional loan guarantees worth about $3 billion for two sustainable aviation fuel projects in Montana and South Dakota.Business - Inc. - October 17 -
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UK government to launch HS2 review as costs spiral
Transport secretary Louise Haigh says delivery of rail link project has been ‘dire’Business - Financial Times - October 20 -
What are things coming to if a multinational can’t humble a government?
A behind-the-scenes look at the work of Rutherford Hall, critical communications strategistWorld - Financial Times - October 21 -
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In Oklahoma, we know that government kills opportunity
Endless litigious delays and overreaching environmental rules choke businessesPolitics - The Hill - October 21
