• Mon, December 16, 2024

by: Fox Business

The federal deficit keeps growing and the Congressional Budget Office has solutions

The nonpartisan Congressional Budget Office released a report analyzing 76 policy options for reducing the federal budget deficit, including spending cuts, entitlement and tax reforms.

by: The West Australian

Federal Government finds $14.6 billion for Budget, not enough to cover $25.1 billion in unavoidable spending

The Federal Government has found another $14.6 billion to cut or shift around within the Budget - but that is not enough to cover 'unavoidable' and 'automatic' spending.

by: The Age

NDIS gets $1b injection to slow growth even as budget slides into deficit

New ways of assessing people for NDIS support will add to a series of changes that are slowing growth of the $47 billion scheme but also revoking people's plans at higher rates.

by: RTE Online

Harris defends Lowry engagement as talks to form next government continue

Fine Gael leader Simon Harris has said that he will meet the Labour Party this afternoon for what he hopes will be real and meaningful discussions on the formation of the next government.

by: New Republic

Transcript: ABC News' Sudden Surrender to Trump's Fury Alarms Experts

An interview with writer Anne Applebaum about ABC News' abrupt $15 million settlement with Trump—and why it sends ominous signs about the prospect of institutions folding to his authoritarianism.

by: cnbctv18

Kejriwal accuses Centre of failing to ensure women's safety, BJP hits back

Kejriwal claimed that unlike the BJP which does not treat women's safety as a priority, his government has fulfilled all its promises.

by: Detroit News

South Korea's impeached leader avoids investigators as court begins meeting to determine his fate

Biden told the audience that "we all get knocked down," but "the measure of a person or a party is how fast they get back up."

by: The Independent

Rachel Reeves' inheritance tax changes will put 125,000 jobs at risk, chancellor warned

The Builders Merchants Federation has signed the Family Business UK open letter from 32 trade bodies representing 160,000 firms

by: Rolling Stone

Pete Buttigieg Hits The Road One Last Time (For Now)

The transportation secretary talks about the past four years — "the Big Deal," Elon Musk, Donald Trump — and what comes next

by: India Today

Rajasthan's running tussle over Galta peeth

The dispute between the Ramanuja and Ramanandi sects has put Galta peeth's future at the intersection of religious tradition, politics and judicial intervention

by: Firstpost

Malaysia PM Anwar Ibrahim appoints former Thai PM Thaksin his Asean adviser

Malaysian Prime Minister Anwar Ibrahim on Monday appointed Thailand's billionaire political heavyweight and former premier Thaksin Shinawatra as his personal adviser for when he becomes chair of South

by: KCCI Des Moines

Longtime friend and colleague remembers Jim Leach as a positive influence

Flags across Iowa were at half-staff Sunday to honor former Congressman Jim Leach, who passed away on Wednesday.

by: Texas Public Radio

The federal EV tax credit has an uncertain fate

by: Business Standard

Centre must act on Bangladesh minority issues: Priyanka Gandhi in LS

As an expression of solidarity with the people of Palestine, Priyanka Gandhi on Monday carried a bag to Parliament that had "Palestine" emblazoned on it

by: The New Zealand Herald

Christopher Luxon's final post-Cabinet press conference of year

Prime Minister Christopher Luxon will front the final post-Cabinet press conference of the year this afternoon. A livestream of it will be found at the top of this page from about 4pm. He's expected to address the Government's fourth quarterly action plan,

by: The New York Times

Netanyahu Tells Trump Israel Must 'Complete Its Victory'

Prime Minister Benjamin Netanyahu of Israel said he told President-elect Donald J. Trump that the country had delivered "a tough blow" against Hamas and Hezbollah.

by: MSN

Chinese 'spy' banned from UK and linked to Prince Andrew named as Yang Tengbo

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: MSN

Alleged Chinese spy Yang Tengbo denies claims and criticises 'political climate'

Alleged Chinese spy Yang Tengbo denies claims and criticises 'political climate' - Yang Tengbo said it was 'entirely untrue' to describe him as a spy.

by: MSN

Kamala Harris' Top Aides Predict Her Next Move And The Dilemma Ahead

She'd need to essentially declare right away," CNN's Edward-Isaac Dovere said of the vice president's two prominent options being weighed by top advisers.

by: MSN

Simon Harris says closure of Israeli Embassy in Dublin is 'distraction' and Ireland 'won't be silenced'

The Israeli Government announced on Sunday that it was closing its embassy in Dublin due to "the extreme anti-Israel policies of the Irish government".

by: MSN

If we "re-wire" the state, how much should government do?

There is a consensus that the state must be more efficient, but less attention has been paid to how much it should actually do, says Eliot Wilson The government has been talking in revolutionary terms recently about how Britain is run.

by: MSN

Syria's new rulers must not repeat the past mistakes of Lebanon and Iraq

On one hand, they are voicing their commitment to preserving Syria's state institutions, and respecting the diversity of its population. On the other hand, however, they are signalling an intention to monopolise the highly delicate process of political transition,

by: MSN

DM Katz and Hamas: 'Closer than ever to reaching hostage deal'

"We are closer than ever to reaching a prisoner exchange deal and a ceasefire, provided that Netanyahu does not obstruct the agreement," the Hamas official said.

by: MSN

Kimberly Guilfoyle's Rise And Fall In Trump Land

Kimberly Guilfoyle remains a polarizing figure in the world of politics and cable news. Her relationship strained with Trump after her split with Don, Jr.

by: MSN

Columbia council pays farewell to outgoing members and city attorney at final 2024 meeting

Columbia City Council paid special recognition to its outgoing members in Wards 2, 3 and 5, as well as long serving City Attorney Tim Tisher.

by: MSN

Starmer: UK and Norway two of best-placed countries for carbon capture

The Prime Minister travelled to Bergen to meet his Norwegian counterpart Jonas Gahr Store to mark a new green industrial partnership.

by: MSN

54% of Kenyans doubt IEBC's ability to hold free and fair elections, Infotrak survey

The Infotrak survey established that 54% of Kenyans doubt if IEBC will conduct fair elections in 2027 due to a lack of transparency, corruption, and past records.

by: MSN

EU adopts 15th package of sanctions against Russia

The Council of the EU adopted on Dec. 16 its 15th package of sanctions against Russia, targeting the Russian shadow fleet of tankers and the military-industrial complex. The new listings include 54 persons and 30 entities "responsible for actions undermining or threatening the territorial integrity,

by: MSN

Texas agriculture commissioner criticizes monarch butterfly proposal from the U.S. wildlife officials

The Texas agriculture commissioner criticized a proposal by the U.S. Fish and Wildlife Service to extend federal protections to the monarch butterflies who migrate across North America. The wildlife service released the proposal Thursday for a 90-day public input period.

by: MSN

PM Memorial writes to Rahul Gandhi: Return Nehru's letters taken by Sonia Gandhi

The Prime Ministers' Museum and Library (PMML) has officially requested the return of personal letters written by India's first Prime Minister, Jawaharlal Nehru, which were sent to Congress leader Sonia Gandhi in 2008 during the UPA government.

by: MSN

Labor increases ABC funding and moves to legislate five-year financing terms

In addition to increasing funding for the ABC, Labor says it will seek to legislate five-year funding terms for the ABC and SBS to help prevent "political interference".

by: MSN

Washington Post admits science behind puberty blockers and hormones for minors not clear

The Washington Post argued that the benefits of gender-transition for minors have not been completely proven scientifically despite controversy.

by: MSN

UK politics live: Alleged Chinese spy linked to Prince Andrew is 'tip of the iceberg', warns former Tory leader

Alleged Chinese spy linked to Prince Andrew is 'tip of the iceberg', warns former Tory leader - Reform UK has threatened to name the alleged Chinese spy with links to Prince Andrew in parliament

by: MSN

Youngkin pledges to help clean up the Chesapeake Bay

A coalition of mid-Atlantic governors including Gov. Youngkin met last week to pledge to clean up the Chesapeake Bay by 2026. Why it matters: That's a year later than the deadline their respective states — Virginia,

by: MSN

Trump's Defense pick has an opening to reshape American classrooms

The Department of Defense Education Activity agency is a high-profile example of a federally run education program that has already been a conservative target.

by: MSN

China to boost direct fiscal support to consumers, party commission says

China will promote stable growth in household income next year by increasing direct fiscal support to consumers and improving social security, a key economics committee of the Communist Party said. China will issue more government bonds,

by: MSN

Crisis in South Korea as President Yoon Faces Impeachment

The Constitutional Court begins impeachment proceedings against President Yoon Suk Yeol, accused of declaring martial law and creating political turmoil. Lawmakers voted to impeach Yoon last Saturday after nationwide protests demanded his resignation.

by: MSN

Factbox-Germany's election in polls, parties and policy debates

Chancellor Olaf Scholz will call on Germany's parliament on Monday to declare it has no confidence in him, taking the first formal step towards securing an early national election in February following his government's collapse.

by: MSN

Canada's premiers meet in Toronto to talk tariffs, trade and health care

Canada's premiers are meeting in Toronto today, and cross-border trade is topping the agenda, on the heels of a tariff threat from U.S. president-elect Donald Trump.

by: MSN

Serbia has been illegally spying on political opponents and journalists, Amnesty says

Serbia's secret service and police have been spying on journalists and opposition activists by installing a spyware on their mobile phones, Amnesty International said Monday.

by: MSN

Clarence Page: Kash Patel and his 'bureau of intimidation'

When Merriam- Webster chose" polarization" as the word of the year for 2024, the timing was dramatic for many of us who make our living through words. That observation was confirmed further by President-elect Donald Trump' s choice of his long-standing political loyalist Kash Patel to head the FBI.

by: MSN

Lefty politics is 'all about them' and not public interest

Sky News contributor Joe Hildebrand says progressive politics is "all about them" and slamming Kamala Harris for losing the election which was given to her "on a platter".

by: MSN

The 'next big thing' for business to tackle? Forced migration, says leadership professor

Michael Hastings urged business leaders to "grab" the issue of forced migration and help refugees and asylum seekers gain access to education and work.

by: MSN

Endgame not yet clear as lawmakers await CR

Lawmakers return for what's expected to be the last workweek of the year with no continuing resolution yet in sight. The text of a stopgap spending bill that would continue funding until at least March 14 was not released over the weekend,

by: MSN

Estonia Sanctions Georgian Leaders Over Anti-Democracy Violence

Estonia has taken a firm stance against the Georgian government, announcing sanctions on more than a dozen top officials, including the Georgian prime minister. The move comes after widespread reports of violent crackdowns on pro-European protesters in Georgia.

by: MSN

Border spending, big deficit expected in fiscal update

The federal government's fall fiscal update is expected to show a significant deficit and outline plans for spending on border security to address potential U.S. tariffs under Donald Trump's second presidency.

by: MSN

Last look: America's messed-up housing market

Fareed explains why housing costs have driven inflation in the US and why the housing market is so difficult to fix.

by: MSN

Moldova's Deputy PM Mihail Pop?oi pays tribute to Mahatma Gandhi at Raj Ghat in New Delhi

Deputy Prime Minister and Foreign Minister of the Republic of Moldova to India Mihail Popsoi Lays Wreath at Raj Ghat.

The federal deficit keeps growing and the Congressional Budget Office has solutions

The nonpartisan Congressional Budget Office released a report analyzing 76 policy options for reducing the federal budget deficit, including spending cuts, entitlement and tax reforms.
The article from Fox Business discusses the growing federal deficit, which has reached $1.7 trillion in the first 11 months of fiscal year 2023, according to the Congressional Budget Office (CBO). The CBO has proposed several solutions to address this issue, including reducing discretionary spending, reforming mandatory spending programs like Social Security and Medicare, and increasing revenue through tax policy changes. The report highlights that while discretionary spending can be adjusted annually, mandatory spending, which constitutes a significant portion of the budget, requires legislative changes that are politically challenging. Additionally, the CBO suggests that economic growth could help reduce the deficit, but this would require a combination of fiscal policy adjustments and economic conditions favoring expansion. The article also notes the political difficulties in implementing these solutions, given the divided opinions on tax increases versus spending cuts.

Read the Full Fox Business Article at:
https://www.foxbusiness.com/politics/federal-deficit-keeps-growing-congressional-budget-office-has-solutions