The U.S. Government Is Spending Way More Than It’s Making
The federal government ran a $345 billion deficit for the month of August, according to a monthly report from the U.S. Treasury Thursday. The figure exceeded expectations, as economists…
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government
The Growing Business of Government
Government is involving itself in ever more services. And we’re all paying for them. Source link
Dutch government plans to cut ABN Amro stake to about 20%
The Dutch government is embarking on another reduction in its stake in ABN Amro Bank as it continues to gradually pare its holdings in the lender it bailed out during the financial crisis.…
DOGE spent months slashing jobs. Now its leader says the government needs to hire again
The Department of Government Efficiency made its reputation on staff cuts. Under Elon Musk, DOGE slashed the federal payroll in the name of cost-cutting. Now, the division’s new leader is…
Bank Indonesia, government allay concerns that 'burden sharing' deal will reduce independence
The deal has “the potential to damage BI’s reputation as an independent institution” Indonesia’s government and central bank sought to allay concerns on Monday (Sep 8) about their unusual…
The Unexpected Winners of Trump’s Trade War
But Shein and Temu didn’t stop marketing altogether. Instead, both companies chose to shift their ad budgets abroad to regions where the geopolitical risks were perceived to be lower and…
Bank Indonesia to raise interest paid on government deposits under ‘burden sharing’ deal
Indonesia’s central bank said it had agreed on a “burden sharing” arrangement with the government where it will raise the interest rates it pays on government deposits as a way to help the…
“The Government Knows the Truth”: Epstein Victims Slam Trump Admin
“I’ve been very active, actually, over the weekend. I didn’t hear that one. That’s pretty serious stuff,” he continued, before blaming the mainstream media for the rumors that were, in…
Government by Emergency Is a Bad Idea
The presidency doesn’t need any more discretionary power. Source link
Indonesia's central bank to share some bond coupon payments with government
Indonesia’s central bank has agreed on a “burden sharing” deal where it will give the government some bond coupon payments it receives to fund state programmes such as affordable housing…
America Didn’t Become Rich Through Government Ownership
America’s economic strength has never come from Washington’s ability to pick stocks. Source link
PBS, NPR stations working to cope with -- and survive -- government funding cuts
Coping with a sudden loss in federal funding, PBS affiliate KSPS in Spokane, Washington, faced a surprise extra hurdle. Many of its contributing members - at one point almost half - lived…
U.S. judge bars government from sending Guatemalan children back, for now
A U.S. judge at least temporarily blocked the government Sunday from deporting a group of Guatemalan children who had crossed the border without their families, after their lawyers said…
Government shutdown looms as Congress returns after monthlong August recess
Congressional Republicans scored a massive victory this summer when they passed President Donald Trump's "big beautiful bill" of tax and spending cuts without a single Democratic vote. But…
RHB expects S-Reit demand to rise, Singapore Government Securities yield to moderate further
Singapore Reit (S-Reit) demand is expected to rise, said RHB Bank analyst Shekhar Jaiswal on Friday (Aug 29). A benign inflation backdrop, falling Singapore Overnight Rate Average (Sora)…
We asked government workers about AI
When Austin, Josh, and I started Civic Roundtable in 2022, we never thought we’d be an AI company. We had worked in and around government for about a decade, seeing that public servants…
Howard Lutnick hints at U.S. government stake in defense contractors
The Trump administration is having a lively debate about whether the government should take a stake in companies that serve as top defense contractors. Source link
WIRED Roundup: The US Chip Manufacturers’ Bonanza
On this episode of “Uncanny Valley,” our senior business editor joins us to talk about the Trump administration’s deals with chipmakers, OpenAI’s potential $500 billion valuation—and ants.…
Trump Adviser Vows Government Will Take Over More Businesses Soon
“I write out of deep concern over the dramatic rise of antisemitism in France and the lack of sufficient action by your government to confront it,” Kushner wrote. “Antisemitism has long…
U.K. migrant protests spark angry confrontations as government scrambles to respond
Opponents and supporters of migrants faced off in angry confrontations at demonstrations held around Britain over the holiday weekend as the government scrambled to deal with fallout from…
Trump turns $11.1B in U.S. government funds into a 10% stake in downtrodden Intel
President Donald Trump on Friday announced the U.S. government has secured a 10% stake in struggling Silicon Valley pioneer Intel in a deal that was completed just a couple of weeks after…
UK government takes over another steelmaker as industry suffers
UK government said on Thursday that it would take temporary ownership of the country’s third-largest steelmaker, putting its 1,450 jobs at risk. The nationalisation of…
Trump Is Betting Big on Intel. Will the Chips Fall His Way?
The US government is aiming to take an equity stake in Intel in exchange for grants the company was already committed to receive under the Biden era CHIPS Act, according to comments US…
The Government Shouldn’t Get into the Chip Business
It would be a bad idea for the Trump administration to take a stake in Intel. Source link