Trillion Spending - QuikReader

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 - 2 days ago

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. - 6 days ago

Inside AI’s $1 Trillion Cash Bonfire

Generative AI companies have spent a fortune still searching for a killer app.

Business - Inc. - October 14

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 result

World - Financial Times - 5 days ago

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

Nvidia closes at record as AI chipmaker's market cap tops $3.4 trillion

Nvidia shares closed at an all-time high on Monday as the chipmaker continues to ride a massive wave of demand for its artificial intelligence chips.

Business - CNBC - October 14

At $1 trillion, Biden-Harris the most wasteful administration ever

The Biden-Harris administration has wasted more money than any other administration in modern history, with $1 trillion wasted on improper payments, and an additional $7.65 trillion in deficit ...

Politics - The Hill - October 15

Trump Brags About His Math Skills and Economic Plans. Experts Say Both Are Shaky.

In a combative interview, the former president hinted at even higher tariffs as an economic magic bullet.

Business - The New York Times - October 15

Chip industry faces talent shortage as revenues head to $1 trillion | Deloitte

Deloitte says the chip industry will hit $1T in 2030, but a huge talent shortage looms across the entire world.

Tech - VentureBeat - October 15

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 debt

Business - MarketWatch - October 29

Junk-rated companies face record refinancing needs above $2 trillion through 2029, Moody’s says

Barring an economic slowdown, market conditions are still favorable, with interest rates expected to continue to come down and investors expected to be receptive to credit markets

Business - MarketWatch - October 14

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

Debt rule to change to fund major projects

Government claims the move contrasts with former PM Liz Truss's controversial mini-Budget.

Cabinet fightback: the revolt over spending

Plus, the English justice system in crisis

World - Financial Times - October 18

Reeves eyeing £40bn in tax rises and spending cuts

Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.

Companies curb UK advertising spending ahead of the Budget

Marketing budgets fail to grow for the first time in 14 quarters, trade body finds

Business - Financial Times - October 16

Ministers complain to Starmer over spending cuts

Some Cabinet members are alarmed at the scale of cuts being sought to plug a rumoured £40bn gap.

Why Meta and Snap are spending billions on AR glasses

Meta CEO Mark Zuckerberg and Snap CEO Evan Spiegel are betting big that augmented-reality glasses will replace the smartphone.

Business - CNBC - October 24

Harris to spend election night at Howard University

Vice President Harris will spend election night at Howard University, her alma mater in Washington, D.C., a source familiar told The Hill. Harris primary home is in California, but she has chosen ...

Politics - The Hill - 6 days ago

Chris Mason: A change-making Budget and a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

Taxes rise as chancellor delivers the first Labour budget since 2010

Business - Financial Times - 6 days ago

The NHS and education are big winners in Reeves’ spending plan

But some Whitehall departments including the Home Office face real terms cuts to their budgets

World - Financial Times - 6 days ago

The Papers on the Budget: 'Spending power' and 'nightmare on Downing Street'

Reactions to the Budget, which saw large rises in both tax and public spending, lead the papers.

Workers warned Budget tax rises will hit their wages

Economists say tax rises in the Budget will mean employers have less to give as pay rises.

Meta and Microsoft Won’t Stop Spending on AI

Both tech giants reported strong third quarters but their stocks fell anyway.

Business - Inc. - 5 days ago

Abortion-rights groups outspend opponents by more than 6 to 1 in ballot measure campaigns

The groups promoting abortion-rights amendments on the ballots in nine states have outraised their opponents by more than 6 to 1 and are spending far more on ads

Health - ABC News - 5 days ago

U.K. Budget Makes a Big Bet on Spending for Growth

The Labour Party is betting that extra spending on public services and more investment will eventually revitalize the country’s stagnant economy.

Business - The New York Times - 5 days ago

Rachel Reeves loosens UK welfare spending target

Ceiling rises 20% over 5-year period to £200bn to avoid ‘having to take short-term decisions’

World - Financial Times - 3 days ago

Latest in Trillion Spending

Musk draws skepticism with call for $2 trillion in spending cuts

If Musk and Trump want to cut federal spending by $2 trillion, they’ll have to come for Social Security and Medicare

How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos

Inside AI’s $1 Trillion Cash Bonfire

FirstFT: US consumers continue to spend, spend, spend

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

Nvidia closes at record as AI chipmaker's market cap tops $3.4 trillion

At $1 trillion, Biden-Harris the most wasteful administration ever

Trump Brags About His Math Skills and Economic Plans. Experts Say Both Are Shaky.

Chip industry faces talent shortage as revenues head to $1 trillion | Deloitte

The Quarter-Trillion-Dollar Rush to Get Money Out of China

Global public debt will hit $100 trillion by year-end, says IMF

Trump, Harris tax-break costs soar to more than $12 trillion

Beijing considers $1.4 trillion borrowing increase to support economy: Reuters

Junk-rated companies face record refinancing needs above $2 trillion through 2029, Moody’s says

Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.

Debt rule to change to fund major projects

Cabinet fightback: the revolt over spending

Reeves eyeing £40bn in tax rises and spending cuts

Companies curb UK advertising spending ahead of the Budget

Ministers complain to Starmer over spending cuts

Why Meta and Snap are spending billions on AR glasses

Harris to spend election night at Howard University

Chris Mason: A change-making Budget and a moment of jeopardy

UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing

The NHS and education are big winners in Reeves’ spending plan

The Papers on the Budget: 'Spending power' and 'nightmare on Downing Street'

Workers warned Budget tax rises will hit their wages

Meta and Microsoft Won’t Stop Spending on AI

Abortion-rights groups outspend opponents by more than 6 to 1 in ballot measure campaigns

U.K. Budget Makes a Big Bet on Spending for Growth

Rachel Reeves loosens UK welfare spending target

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