Tag: spending
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Elon Musk’s DOGE claims significant cut in federal spending but data doesn’t say so
Elon Musk's Department of Government Efficiency (DOGE) has been working to cut down US federal spending, but it seems the efforts haven't quite yielded...
US faces 30-35% recession risk due to policy uncertainty, spending cuts: Kenneth Rogoff
Harvard University economist Kenneth Rogoff has cautioned that the risk of the United States heading into a recession has risen to 30-35%. Speaking in...
Global military spending hits $2.46 trillion in 2024: IISS Report
Global defence expenditure hit $2.46 trillion in 2024, with the US ($916 billion), China ($296 billion), and Russia ($109 billion) as the top spenders....
Germany to ease government debt limits in major step aimed at boosting economy, defence spending
The two political parties expected to form the next German government have agreed to loosen the country’s constitution restrictions on borrowing, enabling 1 trillion...
China ramps up spending on its military as US looks to cut costs
China is set to increase its defense spending by about 7.2% in 2025, matching last year’s growth and reflecting President Xi Jinping’s ambition to...
