Legislators
Congressional Republicans are at an impasse as they navigate the passage of President Trump's $4.5 trillion tax package, facing significant opposition from various factions within their own party. The package, intended to make Trump's 2017 tax cuts permanent and eliminate certain taxes on tips, overtime,
Legislators
Indiana legislators have taken a mix of steps to balance the state's judicial system, including adding and eliminating courts. Amidst the budget uncertainties and Medicaid growth, policymakers are navigating the trade-offs between resources and solutions. This rebalancing exercise reveals the ongoing contest between the constrained vision of human
Public finance
The UK economy, once teetering on the brink of recession, has made a remarkable comeback in recent months. According to the Bank of England, GDP growth has been stronger than expected, with the economy growing at a rate of 1.25% this year, more than twice the 0.5% predicted
Public finance
The UK Budget 2004-2006 review outlines significant changes to the country's economic policies, government spending, and taxation. Key takeaways from this review include the forecasted growth rate, public borrowing, public debt, and budget deficit. Civil service reforms, education spending, housing supply, tax for business, and personal tax are
Public finance
Gordon Brown's budget marked the beginning of the general election campaign, with the Labour party seeking to convince the public that cash spent on public services is making a real improvement. The chancellor's message centered on economic stability and the dividing line between Labour's
Economic policy
South Africa's macro-economic stability has been praised globally, particularly in the wake of the crisis of confidence in emerging markets last year. Prudent policies, a sound banking system, and a flexible exchange rate regime have been credited for this success. However, experts warn that despite this stability, the
Economic policy
Tito Mboweni's signature on the currency was a symbol of the African National Congress government's commitment to diversity, but investors were wary of his appointment as governor of the South African Reserve Bank due to fears of politicization. Despite concerns, Mboweni's inauguration was met
United Kingdom
Lord Haskins, a prominent supporter of the euro and close associate of Tony Blair, criticized euro-sceptics during a debate on the single currency, labeling them a mix of "eccentrics, fanatics, political cowards, intellectual purists, ultra-nationalists, disenchanted lefties, and avaricious newspaper proprietors." The debate, hosted by Britain in Europe,
United Kingdom
Entering the European single currency would pose significant risks to the UK economy, despite its potential benefits. The government's assessment of five economic tests, designed to ensure sustainable convergence, is overly optimistic. The UK's high short-term interest rates and exchange rate make it difficult to meet
Budgets
The Senate Republicans, led by Bob Dole, unexpectedly called off a scheduled final vote on a proposed constitutional amendment to require a balanced federal budget after it became apparent that supporters did not have the necessary 67 votes. The move came after a tense day of high-stakes lobbying, with senators
Budgets
Ryan Lake, a 48-year-old fisherman from West Coast British Columbia, has been working on the docks and salmon and herring boats for 15 years. However, after scanning the recent federal budget, Mr. Lake has decided to get out of the industry due to the devastating impact of the budget cuts
Budgets
The Conservative government has been in power for 20 years, with their watchwords being cutting public spending and lowering taxation. However, by 1999, two decades from their first election victory, the Conservatives will barely have succeeded in doing either. According to the latest budget projections, government spending will have only
