#budget-and-finance

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#new-york-city
NYC politics
fromUnHerd
10 hours ago

Zohran Mamdani is pushing New York towards fiscal disaster

New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.
NYC politics
fromUnHerd
10 hours ago

Zohran Mamdani is pushing New York towards fiscal disaster

New York City's finances are severely strained, with spending outpacing revenue growth, leading to potential credit downgrades.
New York City
fromwww.amny.com
3 days ago

Op-ed | A responsible path forward for New York City's budget | amNewYork

New York City's budget process is a complex negotiation that impacts community investment and addresses fiscal challenges.
New York City
fromNew York Daily News
4 days ago

NYC Council budget plan averts Mamdani property tax hike, avoids tapping reserves

The City Council plans to close New York's budget gap without tax hikes or using reserves, proposing alternative funding sources instead.
Business
from24/7 Wall St.
17 hours ago

Bonds are Taking a Hit. A Steadier Place to Diversify Further

Bond funds face challenges due to potential Fed rate hikes and escalating geopolitical tensions, impacting consumer inflation and investment strategies.
fromwww.theguardian.com
12 hours ago

The Guardian view on Japan's hidden century: cheap money, global risk | Editorial

The Bank of Japan's loose monetary policy has turned the yen into the world's cheapest and most reliable funding currency, creating a publicly subsidised funding pipeline for bankers.
World politics
#federal-reserve
US Elections
fromnews.bitcoin.com
22 hours ago

Federal Reserve Set to Hold Rates as Markets Fully Price out 2026 Cuts

Fed funds futures indicate a 99.5% chance the Fed maintains rates at 3.50%-3.75% during the April 29 FOMC meeting.
Left-wing politics
fromHarvard Gazette
4 days ago

Powell issues a warning on U.S. debt - Harvard Gazette

Federal Reserve Chairman Jerome Powell emphasizes a cautious approach to economic impacts from the Iran war while maintaining a commitment to a 2% inflation target.
World politics
fromFortune
6 days ago

Jerome Powell says $39 trillion national debt is 'not unsustainable,' but warns the trajectory 'will not end well' | Fortune

America's $39 trillion debt is manageable short-term, but its growth trajectory is unsustainable and requires urgent legislative action.
US Elections
fromnews.bitcoin.com
22 hours ago

Federal Reserve Set to Hold Rates as Markets Fully Price out 2026 Cuts

Fed funds futures indicate a 99.5% chance the Fed maintains rates at 3.50%-3.75% during the April 29 FOMC meeting.
Left-wing politics
fromHarvard Gazette
4 days ago

Powell issues a warning on U.S. debt - Harvard Gazette

Federal Reserve Chairman Jerome Powell emphasizes a cautious approach to economic impacts from the Iran war while maintaining a commitment to a 2% inflation target.
World politics
fromFortune
6 days ago

Jerome Powell says $39 trillion national debt is 'not unsustainable,' but warns the trajectory 'will not end well' | Fortune

America's $39 trillion debt is manageable short-term, but its growth trajectory is unsustainable and requires urgent legislative action.
Arts
fromwww.npr.org
19 hours ago

Questions to help you get 'financially naked' with your partner

Open and honest financial conversations strengthen relationships and are essential for couples to navigate their future together.
UK politics
fromwww.theguardian.com
1 day ago

Trussonomics still haunts parties' economic promises in run-up to UK local elections | Phillip Inman

Local and regional elections in the UK reveal extravagant spending promises from various parties, often funded by cuts or borrowing without clear economic consequences.
Law
from24/7 Wall St.
2 days ago

Dave Ramsey Tells Tutor With $24,000 IRS Debt to Pay the Government First in Her $94,000 Debt Snowball

Prioritize IRS debt over other debts due to its unique enforcement powers and penalties.
Washington DC
fromTruthout
1 day ago

Trump Budget Boosts War Spending While Slashing Domestic Programs

The Trump administration's fiscal 2027 budget requests a 43% increase in defense spending and a 10% decrease in non-defense funding.
SF politics
fromPOLITICO
1 day ago

'Paradigm shift:' How Trump's budget request will keep everyone guessing

The Supreme Court's decision on pocket rescissions could significantly impact budget negotiations and the power of the Office of Management and Budget.
#personal-finance
from24/7 Wall St.
2 days ago
Psychology

Dave Ramsey Is Right About Why Americans Are Spending More and Feeling Worse

Emotional spending leads to financial problems, as people seek fulfillment through material possessions rather than saving.
Psychology
from24/7 Wall St.
2 days ago

Dave Ramsey Is Right About Why Americans Are Spending More and Feeling Worse

Emotional spending leads to financial problems, as people seek fulfillment through material possessions rather than saving.
fromIndependent
3 days ago

'If you are using credit cards to take out cash, you need to cut up your card' - money experts share their credit card dos and don'ts

Credit cards can be very dangerous from a financial well-being perspective, if used irresponsibly. The temptation to use one to fund a big holiday or a new sofa that you can't afford can be seriously tempting.
Relationships
from24/7 Wall St.
4 days ago

The US Government Could End The Federal Gas Tax

The tax provides more than $23 billion per year in revenue for federal highway and public transit programs. The federal gas tax has been in place, in one way or another, since 1919 and was last raised in 1993.
Alternative transportation
East Bay (California)
fromThe Oaklandside
3 days ago

Oakland made a big financial mistake failing to collect business taxes, audit finds

Oakland failed to collect owed business taxes, exacerbating financial crises and limiting revenue needed for essential services.
Boston
fromBoston.com
4 days ago

Boston faces budget deficit of nearly $50 million

Boston faces a $48.4 million budget deficit due to external cost pressures, prompting spending freezes and hiring delays.
Careers
fromFast Company
4 days ago

The hidden budget line destroying your bottom line

High employee turnover costs companies between $1.1 million and $4.4 million annually due to poor hiring decisions.
Right-wing politics
fromEsquire
5 days ago

Republicans Have Come up With the Worst Budgeting Idea Possibly Ever

Republicans are considering health spending cuts to fund a budget bill for the Iran war and immigration enforcement, risking political backlash.
fromBitcoin Magazine
4 days ago

U.S. Treasury Launches First GENIUS Act Rulemaking Proposal

The proposed rule establishes broad principles to guide the determination of whether state-level stablecoin regulatory regimes are 'substantially similar' to the federal framework, allowing smaller issuers to remain under state supervision.
Cryptocurrency
Business intelligence
fromFortune
4 days ago

More people are using AI to manage their money- but they won't let it make decisions alone | Fortune

Employees embrace AI for productivity but prefer human decision-making authority.
fromBusiness Matters
4 days ago

UK business investment lags G7 rivals as energy costs bite

UK businesses face some of the highest electricity costs in Europe, a situation that has worsened following the recent surge in global gas prices linked to geopolitical tensions in the Middle East.
London startup
fromPOLITICO
4 days ago

How prediction markets landed in Congress' crosshairs

"There seems to be a growing consensus that the status quo is unsustainable," said Rep. Ritchie Torres, a New York Democrat who was an early entrant into Congress' prediction market debate.
US politics
#san-francisco
San Francisco
fromMission Local
5 days ago

S.F. on track to shrink deficit by $300M, city controller says

San Francisco's projected budget deficit has decreased from $936 million to $643 million, but significant cuts and challenges remain ahead.
SF politics
from48 hills
4 days ago

SF budget picture improves as mayor tries to cut the tax that is part of the recovery - 48 hills

San Francisco's financial outlook is improving, driven by increased tax revenues, particularly from high-end real estate transactions.
San Francisco
fromMission Local
5 days ago

S.F. on track to shrink deficit by $300M, city controller says

San Francisco's projected budget deficit has decreased from $936 million to $643 million, but significant cuts and challenges remain ahead.
SF politics
from48 hills
4 days ago

SF budget picture improves as mayor tries to cut the tax that is part of the recovery - 48 hills

San Francisco's financial outlook is improving, driven by increased tax revenues, particularly from high-end real estate transactions.
US Elections
fromIndependent
1 day ago

Public braced for global recession within a year, new poll shows

82% of voters fear a recession within the next year, with 56% believing it could be as severe as the 2008 financial crash.
Digital life
fromPsychology Today
1 week ago

Holding Money vs. Seeing the Numbers

Many Americans feel anxious about financial security despite positive bank balances due to a disconnect between digital money and tangible assets.
Washington DC
fromNextgov.com
2 days ago

Civilian agencies face 10% cuts in Trump's 2027 budget

President Trump proposed a $2.2 trillion fiscal 2027 budget with increased defense spending and cuts to non-defense agencies.
UK politics
fromwww.bbc.com
3 days ago

Reform UK pledges to cut welfare to keep pensions triple lock

Reform UK plans to maintain the triple lock on pensions while proposing significant cuts to the benefits bill to offset costs.
Business
from24/7 Wall St.
5 days ago

Fed Chair Powell Warns: Another Supply Shock Is Coming

Jerome Powell warns of an impending energy shock that could impact inflation and market stability.
NYC politics
fromGothamist
5 days ago

Gov. Hochul, lawmakers to miss NY budget deadline yet again

New York's state budget will be late again, marking the seventh consecutive year without an on-time budget.
US politics
fromFortune
6 days ago

Jerome Powell lets loose: 'it's very hard to build great democratic institutions and much easier to bring them down' | Fortune

Monitoring inflation is crucial due to energy price spikes, while the job market remains challenging for young graduates amid AI advancements.
#trump
US Elections
fromAxios
1 day ago

"We're fighting wars": Trump bets his presidency on the Pentagon

Trump's budget prioritizes military spending, significantly cutting non-defense programs amid declining approval ratings and rising gas prices.
US Elections
fromwww.theguardian.com
3 days ago

If he'd stayed on the golf course, we'd be in a better place': experts on Trump's tariffs, one year on

Trump's policies led to economic chaos, a decline in the dollar's value, and significant job losses in the US.
US Elections
fromAxios
1 day ago

"We're fighting wars": Trump bets his presidency on the Pentagon

Trump's budget prioritizes military spending, significantly cutting non-defense programs amid declining approval ratings and rising gas prices.
US Elections
fromwww.theguardian.com
3 days ago

If he'd stayed on the golf course, we'd be in a better place': experts on Trump's tariffs, one year on

Trump's policies led to economic chaos, a decline in the dollar's value, and significant job losses in the US.
fromPOLITICO
2 days ago

Trump asks Congress to supersize military budget, slash domestic programs

The White House is seeking a 10 percent cut to nondefense spending, proposing a reduction of $73 billion from federal programs outside the military, targeting environmental initiatives.
Washington DC
fromSubstack
6 days ago

Q1 Market Whiplash, Millionaire Tax Strategies and Bitcoin Backed Mortgages - Episode 183

The sharp rise in oil prices and renewed inflation concerns created significant pressure on both stocks and bonds, impacting investor sentiment and market dynamics.
Retirement
fromLondon Business News | Londonlovesbusiness.com
5 days ago

US dollar stable near recent highs - London Business News | Londonlovesbusiness.com

Escalating geopolitical risk continued to dominate global markets' concerns, with safe-haven demand keeping the dollar index anchored near a multi-week high.
World politics
Real estate
fromwww.housingwire.com
2 weeks ago

Housing muni market swells amid affordability policy debate

Municipal bonds have become a critical financing tool for affordable housing, growing 198% since 2016 and now representing 7% of the $4.4 trillion municipal bond market.
Retirement
from24/7 Wall St.
4 days ago

3 Ways To Avoid Paying Taxes On Your Social Security Benefits

Social Security benefits may be taxed based on combined income, with low thresholds that haven't adjusted for inflation.
Miscellaneous
from24/7 Wall St.
3 weeks ago

Data Shows Dave Ramsey Is Dead Wrong About This - But He Nailed One Thing

Dave Ramsey emphasizes behavioral change over mathematical optimization in debt repayment, advocating the debt snowball method despite its mathematical inefficiency compared to paying highest-interest debt first.
US politics
fromFortune
1 week ago

The Treasury just declared the U.S. insolvent. The media missed it | Fortune

The U.S. government is insolvent, with liabilities far exceeding assets and significant unfunded obligations.
Retirement
fromSlate Magazine
4 days ago

My Husband Has a Chance to Quadruple His Income. But What We Have to Do First Terrifies Me.

Transitioning to a lower income during a career pivot can be challenging but is manageable with careful planning and prioritization.
Canada news
fromwww.cbc.ca
3 weeks ago

Ford government set to deliver Ontario's latest budget on March 26 | CBC News

Ontario's March 26 budget will prioritize innovation, competitiveness, and infrastructure while maintaining fiscal balance amid a projected $13.4 billion deficit.
Bootstrapping
fromEntrepreneur
3 weeks ago

Why Chasing More Revenue Won't Fix Your Financial Struggles

Pursuing revenue growth without stabilizing internal systems, costs, and processes amplifies inefficiencies and creates fragile, unsustainable businesses instead of profitable ones.
US politics
fromFortune
1 week ago

It took 200 years for national debt to hit $1 trillion, annual interest alone now exceeds that-a 'crushing legacy we must reverse,' says budget chair | Fortune

The U.S. debt has surpassed $39 trillion, posing a significant threat to the nation's future and requiring urgent financial reform.
Business
fromFortune
2 weeks ago

A 'debt spiral,' before a fiscal crisis: interest on the national debt will be growing faster than GDP in just 5 years, think tank warns | Fortune

By 2031, U.S. federal debt interest rates will exceed economic growth rates, triggering a self-reinforcing debt spiral where deficits cause debt to grow indefinitely.
#national-debt-crisis
SF politics
fromFortune
2 weeks ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
3 weeks ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
SF politics
fromFortune
2 weeks ago

America's $38 trillion debt crisis is already here. The reckoning comes next | Fortune

Despite strong economic indicators, the U.S. faces a critical fiscal crisis with national debt projected to reach 120% of GDP within a decade, requiring urgent bipartisan reform before gradual decline becomes sudden collapse.
US politics
fromFortune
3 weeks ago

America's never had such high national debt heading into an economic shock. We need a 'break glass' plan, think tank warns | Fortune

U.S. national debt now equals 100% of GDP, the highest since World War II, leaving the country severely unprepared for the next economic crisis with limited fiscal capacity to respond.
Retirement
fromwww.housingwire.com
6 days ago

Policy turmoil, fiscal uncertainty cause retirement hesitation

Policy uncertainty significantly impacts economic activity and household financial decisions, particularly for near-retirees and retirees.
fromFortune
2 weeks ago

300 years of wars show they are 'always disaster times' for holders of government debt because of inflation and financial repression | Fortune

"The historical evidence reveals a striking pattern: government bonds have repeatedly generated substantial real losses during these extreme episodes. They have even underperformed equities and real estates which are traditionally regarded as risky assets."
World politics
US politics
fromAxios
2 weeks ago

Washington ignores America's fiscal cliff

Recent policy developments are worsening the U.S. fiscal situation, with projected deficits and soaring public debt over the next decade.
Retirement
from24/7 Wall St.
5 days ago

Why Financial Advisors Tell High Earners Over $400K to Stop Maxing Their 401(k)

High earners may benefit from strategies that reduce taxable income in retirement rather than traditional tax-deferment methods.
Intellectual property law
fromFortune
1 month ago

Finance leaders divided on using potential tariff refunds-just 18% would fully roll back price hikes | Fortune

Corporate executives remain divided on tariff refund strategies and are reluctant to reduce prices despite potential cost relief from Supreme Court rulings.
Business
fromFortune
2 weeks ago

U.S. debt is competing with a record supply of corporate bonds, which is pushing up the cost of federal borrowing just as war spending piles up | Fortune

Record corporate bond issuance driven by AI capital expenditure and geopolitical factors is increasing Treasury yields and raising borrowing costs for the federal government.
New York City
fromwww.amny.com
2 weeks ago

Editorial | NYC spends too much money. It's time to get things under control. | amNewYork

New York City faces a $7.3 billion budget deficit over two fiscal years due to chronic overspending relative to revenue, with structural imbalances threatening municipal bond ratings.
US Elections
fromAxios
2 weeks ago

Fed keeps rates on hold, Powell says he will remain in place until successor confirmed

Powell commits to remaining at the Federal Reserve through a criminal investigation into his leadership, blocking his successor's confirmation and resisting Trump administration pressure to lower interest rates.
US politics
fromFortune
2 weeks ago

The Trump Administration's proposed capital gains tax cut could add nearly $1 trillion to the national debt within the decade, think tank warns | Fortune

The Trump Administration is considering capital gains tax indexation that could add $170-$950 billion to the national debt by 2035, raising concerns about deficit spending amid record debt levels.
#national-debt
US politics
fromFortune
2 weeks ago

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
fromFortune
3 weeks ago
US politics

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

US politics
fromFortune
2 weeks ago

$39 trillion national debt is 'an embarrassing milestone,' think tank says. 'Clearly headed in the wrong direction' | Fortune

U.S. gross national debt exceeded $39 trillion in less than six months after reaching $38 trillion, reflecting decades of fiscal irresponsibility from both political parties with no meaningful reform efforts underway.
fromFortune
3 weeks ago
US politics

The national debt isn't $39 trillion. One economist says it's actually $100 trillion | Fortune

UK politics
fromLondon Business News | Londonlovesbusiness.com
1 month ago

There is 'little sign that the government's economic plan is working' - London Business News | Londonlovesbusiness.com

The government's economic plan shows deteriorating growth forecasts and rising unemployment, with energy price surges threatening interest rates and fiscal targets despite marginal improvements in fiscal headroom.
fromwww.aljazeera.com
1 month ago

When money is scarce, every choice counts: Bank, cash, or credit?

I have not touched a paper note for months. I don't even have money to pay for a taxi. Now we walk a lot, for long distances. Palestinians in Gaza use the Israeli currency, the shekel, in their daily transactions, and depend on Israel to supply banks with new banknotes and coins.
World news
fromwww.theguardian.com
1 month ago

Boring or bust: Reeves aims to project calm competence in spring budget

Like [Keir] Starmer, the chancellor is also fighting for her political life whether because the prime minister himself falls, or chooses to move his chancellor in a reset reshuffle. Against that backdrop, Reeves hopes to project calm and competence next week, after a tumultuous 18 months.
UK politics
#federal-deficit
fromFortune
3 weeks ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

fromFortune
3 weeks ago
US politics

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves' | Fortune

Major League Baseball
fromTalkNats.com
1 month ago

It's all about the money..... and the lack thereof! | TalkNats.com

MLB's revenue-sharing model and absence of a salary cap produce low profitability, encourage cost-minimizing ownership, and require CBA reforms for competitive balance.
fromDefector
2 months ago

It's Nice To Have A Process, But It's Better To Have Money | Defector

This is not an argument against continuing to line things up just so, of course. It just means that the very orderly person will over time become a very familiar face to the people at The Container Store, to the point where they might remark to each other during their breaks about having seen him, again, purchasing more of those stackable, breakable containers that he's always getting.
New York Mets
Growth hacking
fromEntrepreneur
2 months ago

These 6 Budgeting Moves Matter Most in 2026

Flexible, living budgets and rapid micro-tests let founders reallocate spending, seize growth amid uncertainty, and favor focused offers and retention over rigid, large-scale bets.
fromIndependent
2 months ago

Switch and save: How a 'life admin day' can save you hundreds or even thousands of euros

Setting aside a designated day to switch utility providers will pay dividends in the long run
E-Commerce
UK news
fromBusiness Matters
2 months ago

Government borrowing falls on income tax windfall, but pressure on public finances remains

Government borrowing fell to £11.6 billion in December due to strong tax receipts, but public sector debt remains high at 95.5% of GDP.
Real estate
fromwww.mercurynews.com
2 months ago

Asking Eric: I'm afraid I'm on the verge of another bad financial decision

Consult a financial adviser, involve family, and evaluate housing near care to choose a reversible retirement location that fits health, budget, and social needs.
#budgeting
US politics
fromFortune
1 month ago

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt | Fortune

Bipartisan consensus is emerging around reducing the federal deficit to 3% of GDP, marking a significant shift in national fiscal policy debate.
fromwww.independent.co.uk
1 month ago

Reeves is warned dysfunctional' financial policy is fuelling economic uncertainty

Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging. At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
UK politics
UK politics
fromwww.bbc.com
2 months ago

Tax and spending plans to be revealed in Scottish Budget

Scotland's 2026-27 Budget requires tough choices to balance funding, prioritize NHS and public services, and address cost of living, economy, and climate within limited resources.
UK politics
fromTheregister
1 month ago

The UK government isn't spending much taxpayer cash on X

Most UK government departments ceased paid spending on X since July 2024, while the Department for Education spent £27,118.
US politics
fromFortune
1 month ago

The 'alternative scenario' of an even bigger national debt disaster is in play after the Supreme Court ruled Trump's tariffs illegal | Fortune

Supreme Court invalidated major Trump tariffs, removing tariff revenues and potentially raising federal deficits and national debt toward 131% of GDP by 2036.
UK politics
fromwww.theguardian.com
1 month ago

Bank of England should cut rates to boost consumer spending, says TUC

Weak consumer demand and high borrowing costs are suppressing UK growth; the Bank of England should cut interest rates to boost households and high street.
US politics
fromFortune
1 month ago

'Nothing short of self-sabotage': Watchdog warns about national debt setting new record in just 4 years | Fortune

U.S. national debt will rise to 120% of GDP by 2030, surpassing the World War II peak and severely constraining fiscal flexibility.
US politics
fromFortune
1 month ago

A U.S. 'debt spiral' could start in coming years when the interest rate on government borrowing exceeds economic growth, budget watchdog says | Fortune

Publicly held federal debt will rise from about 100% of GDP to over 106% by 2030 and 120% by 2036, driven by rising interest costs.
US politics
fromwww.aljazeera.com
1 month ago

CBO: US Federal deficits and debt to worsen over next decade

U.S. federal deficits and debt are projected to rise substantially over the next decade due to increased spending, higher debt service, tariffs, and immigration policies.
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