South Korea’s ruling and opposition parties failed to reach a budget deal ahead of the legal deadline, with final negotiations set for December 2 amid disputes over fiscal spending and key allocations.
#YonhapInfomax #NationalBudget #DemocraticPartyOfKorea #PeoplePowerParty #FiscalSpending #BudgetNegotiations #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93372
Ruling and Opposition Parties Fail to Reach Budget Agreement Again—Final Talks Set for Tomorrow Morning

South Korea’s ruling and opposition parties failed to reach a budget deal ahead of the legal deadline, with final negotiations set for December 2 amid disputes over fiscal spending and key allocations.

Yonhap Infomax
South Korea’s Deputy Prime Minister Gu Yoon-cheol and FSC Chairman Lee Ok-won will hold a closed-door meeting to discuss the 2025 budget, stablecoin legislation, and inter-agency cooperation on financial and regulatory reforms.
#YonhapInfomax #GuYoonCheol #FinancialServicesCommission #StablecoinLegislation #NationalBudget #RegulatoryInnovation #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=88880
Gu Yoon-cheol and Lee Ok-won to Hold Closed-Door Meeting Tomorrow—Budget and Stablecoin Legislation on Agenda

South Korea’s Deputy Prime Minister Gu Yoon-cheol and FSC Chairman Lee Ok-won will hold a closed-door meeting to discuss the 2025 budget, stablecoin legislation, and inter-agency cooperation on financial and regulatory reforms.

Yonhap Infomax
People Power Party floor leader Song Eon-seok denounced South Korea's 2025 budget as reckless fiscal policy, warning of surging national debt and calling for zero-based budgeting and fiscal reform to protect future generations.
#YonhapInfomax #NationalBudget #PeoplePowerParty #FiscalReform #NationalDebt #ZeroBasedBudgeting #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=80989
The Ministry of Oceans and Fisheries union opposes full relocation to Busan, advocating for a strategic split between Sejong and Busan to maintain policy effectiveness and administrative coordination.
#YonhapInfomax #MinistryOfOceansAndFisheries #BusanRelocation #StrategicBifurcation #NationalBudget #PolicyCoordination #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=66912
Ministry of Oceans and Fisheries Union Says 'Strategic Bifurcation' More Realistic Than Relocation

The Ministry of Oceans and Fisheries union opposes full relocation to Busan, advocating for a strategic split between Sejong and Busan to maintain policy effectiveness and administrative coordination.

Yonhap Infomax

“The pilfering of the #ReserveFunds is a grave disservice to the #FilipinoPeople who depend on #PhilHealth for financial risk protection from #illness and who are still heavily burdened by out-of-pocket #HealthExpenditure." said the group of petitioners led by Senator Aquilino #KokoPimentel III

#Philippines

Pimentel-led group seeks to block P89B transfer of Philhealth fund to #NationalBudget
https://www.rappler.com/philippines/koko-pimentel-led-group-seeks-block-transfer-philhealth-fund-national-budget/

Pimentel-led group seeks to block P89B transfer of Philhealth fund to national budget

Finance Secretary Ralph Recto defends the transfer and says his agency is just doing what the law empowers them to do

RAPPLER

#USHouse passes 45-day spending stopgap, sending bill to Senate to avert a #GovernmentShutdown. Credit goes where credit is due; #HouseSpeaker #KevinMcCarthy FINALLY stopped trying to pander to #FarRight fraction of the #Republicans & reached across the aisle to get #Democratic votes to pass the bill.

https://www.npr.org/2023/09/30/1202839419/house-and-senate-race-to-find-agreement-ahead-shutdown-deadline

Too bad we will be doing this all over again in 45 days.

#news #politics #McCarthy #FederalBudget #NationalBudget

Lawmakers in #Congress have less than 2 days to pass a #FederalBudget & avoid a #GovernmentShutdown.

I wrote an essay on how House Speaker #KevinMcCarthy & Pres #JoeBiden ALREADY MADE a deal on spending, #McCarthy ALREADY backed out of that agreement, McCarthy is playing to the #FarRight #Republicans that want cuts to #SocialServices, & what would a shutdown mean to the US:
https://www.facebook.com/thedavid.mfano/posts/pfbid029bt5kpAv5jGrGCDME9EKJri4MeQ8ucsQAyxZBCcPvZYshMzqc9wHEYYhjxyJMkXAl

#News #politics #NationalBudget #economics

Social Security Benefits Targeted for Cuts by House Conservatives

House conservatives on Wednesday proposed raising the US retirement age to collect Social Security, handing Democrats damaging political ammunition ahead of the 2024 election.

Bloomberg