Keywords: Federal budget


Russian war donations reach $4.5 billion as pressure on state finances grows

Russian donors have contributed billions of dollars to the federal budget this year as the government faces rising costs linked to the war in Ukraine and growing pressure on public finances. According to Russian media reports citing the Finance Ministry, donations to Russia's federal budget reached......

U.S. House Republicans unveil $95 billion spending blueprint for defense, election and agriculture priorities

Republicans in the U.S. House of Representatives have introduced a $95 billion budget framework that would boost defense and intelligence spending while allocating funding to support the implementation of parts of former President Donald Trump's election integrity agenda. The proposal, released......

Germany's 2027 draft budget raises borrowing above €203 billion as investment and defence spending increase

Germany's draft federal budget for 2027 projects borrowing of more than €203 billion, reflecting the country's continued departure from its long-standing fiscal restraint as it prioritizes economic recovery, infrastructure modernization and national security. According to the draft budget,......

US diplomatic mission in Morocco resumes normal operations

The United States diplomatic mission in Morocco has returned to normal operations following the signing of the 2026 federal budget by President Donald Trump. In an official statement on Wednesday, the US Embassy in Morocco confirmed that all diplomatic activities have resumed after the enactment of......

Goldman Sachs CEO warns of looming debt reckoning for the United States

The United States is facing a potential economic reckoning as its national debt surpasses an unprecedented $38 trillion, according to warnings from David Solomon, CEO of Goldman Sachs. Speaking at the Economic Club of Washington, Solomon emphasized the critical need for sustained economic growth to address......

House Republicans push Trump’s ‘big beautiful bill’ through despite internal divisions

House Speaker Mike Johnson faced significant challenges rallying Republican lawmakers to pass President Donald Trump’s signature “One Big Beautiful Bill Act,” a sweeping tax and spending package that narrowly cleared a procedural hurdle in the early hours of Thursday morning. The legislation,......

Elon Musk steps down from Trump administration role

Elon Musk, the billionaire entrepreneur and CEO of Tesla, has announced his departure from President Donald Trump’s administration, where he served as a Special Government Employee focused on reducing federal expenditures. Posting on the social media platform X, Musk expressed gratitude for the......

Trump proposes $163 billion budget cut, impacting domestic programs

In a bold move, U.S. President Donald Trump's administration has unveiled a proposal for a staggering $163 billion reduction in the federal budget, with significant implications for domestic programs. This budget plan seeks to drastically cut spending on education, housing, and medical research in......

The Rise of DOGE Musk and Ramaswamy's Mission to Reshape Washington

Billionaire Elon Musk and entrepreneur Vivek Ramaswamy are stepping onto Capitol Hill to champion a bold new initiative under President-elect Donald Trump’s "Save America" agenda. The duo has been tasked with leading the Department of Government Efficiency (DOGE), a controversial effort......