Tag: Fiscal policy

Germany to Boost Defense Spending by 32.5% in 2026
The budget increase will allow the armed forces to expand by up to 10,000 additional soldiers next year. On Wednesday, Vice Chancellor and Finance Minister Lars Klingbeil presented a draft budget under which Germany will increase its defense spending by 32.5% in 2026, rising from 62.4 billion euros to 82.7 billion euros. RELATED: Germany Hardens […]
July 30, 2025

Who Will Pay the Price for Trump’s Big and Beautiful Bill?
This bill allocates hundreds of billions of dollars for border security and national defense. ON Thursday, the U.S. Congress passed a sweeping tax and spending package, with the House of Representatives approving it in a narrow 218-214 vote, sending the “One Big Beautiful Bill Act” to President Donald Trump for his signature. RELATED: Biden Condemns […]
July 4, 2025

U.S. Congress Passes Funding Bill to Avert Goverment Shutdown
The package would maintain government funding at current levels through December 20. On Wednesday evening, U.S. Congress overwhelmingly passed a short-term funding bill to avert a looming government shutdown. The Senate voted 78-18 to clear the measure, following the House’s approval with a 341-82 vote. All opposition in both chambers came from Republicans. RELATED: U.S. […]