Government Spending Cuts

Why did the tech billionaire bring a pair of scissors to the government building? To cut unnecessary spending!

Carney Government Working to Reach a Defence Deal With the E.U. | Your Morning

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Defence minister tells arms makers to prepare for accelerated federal spending
Defence Minister David McGuinty pulled out all the stops Wednesday in his first major public speech to enlist the country's top arms makers in the Liberal government's plans to accelerate military spending.
#military #politics #spending #defense #News
https://www.cbc.ca/news/politics/mcguinty-defence-spending-contractors-speech-1.7545797?cmp=rss
#US #fiscal state is everyone's issue
"US #debt now stands at $36tril, or 124% of GDP.. #America is no longer part of the elite group of ultra-safe #borrowers: countries like Germany, Switzerland & Singapore.. In 2024, #interest payments reached $881bil, making them one of the largest components of US #federalbudget, even surpassing #spending on #defence & #Medicare..🤦‍♂️ #Trump & congressional #Republicans cld unleash widespread #financial #instability"
🤔
Do the perps care?
https://www.bangkokpost.com/opinion/opinion/3036075/us-fiscal-state-is-everyones-issue
US fiscal state is everyone's issue

As Donald Trump's "big, beautiful" tax bill heads to the US Senate, investors everywhere are growing increasingly uneasy. On May 16, the credit-rating agency Moody's downgraded US sovereign debt from its long-held triple-A status to Aa1 -- following similar decisions by Standard & Poor's (in 2011) and Fitch Ratings (2023). Given the sheer volume of US debt -- which now stands at $36 trillion, or 124% of GDP -- and rising interest costs, these institutions have concluded that US debt metrics are no longer in line with those of similarly rated sovereigns.

https://www.bangkokpost.com
Businesses Got Squeezed by Trump’s Tariffs. Now Some of Them Want Their Money Back

President Trump’s rapid maneuvering on tariffs led to some businesses narrowly missing out on lower bills. A refund on the difference could spare consumers from price hikes.

WIRED
Are you "functionally unemployed"? Here's what the unemployment rate doesn't show.

Many workers aren't working as much as they'd like. Here's what one expert says the federal unemployment rate fails to capture.

CBS News
#China’s #economy continues to #demonstrate steady #momentum as #retail #sales of #consumer #goods, a key measure of domestic #demand, grew by 5.1% year-on-year in April 2025, according to the latest #data from the National Bureau of #Statistics (NBS). The figures #highlight the #resilience of consumer #spending amid #global #economic uncertainties, reinforcing China’s #role as a driving force in global #consumption. https://cnbusinessforum.com/chinas-consumer-market-shows-resilient-growth-as-retail-sales-climb-5-1-in-april/
China Retail Sales Rise 5.1% in April, Showing Strong Demand

China’s April retail sales hit 3.72T yuan, up 5.1% YoY, driven by strong domestic demand, policy support, and rising consumer confidence across key sectors.

China Business Forum
#China’s #economy continues to #demonstrate steady #momentum as #retail #sales of #consumer #goods, a key measure of domestic #demand, grew by 5.1% year-on-year in April 2025, according to the latest #data from the National Bureau of #Statistics (NBS). The figures #highlight the #resilience of consumer #spending amid #global #economic uncertainties, reinforcing China’s #role as a driving force in global #consumption. https://cnbusinessforum.com/chinas-consumer-market-shows-resilient-growth-as-retail-sales-climb-5-1-in-april/
China Retail Sales Rise 5.1% in April, Showing Strong Demand

China’s April retail sales hit 3.72T yuan, up 5.1% YoY, driven by strong domestic demand, policy support, and rising consumer confidence across key sectors.

China Business Forum