Cryptocurrencies
As the UK grapples with a budget black hole of up to £20bn, experts are suggesting that the Treasury could tap into a digital goldmine worth billions. The Home Office is developing a plan to centralise and sell off a stash of seized cryptocurrency, estimated to be worth at least
Legislators
Lawmakers have expressed dismay at the UK's tax authority, HMRC, for its inability to provide insight into the tax affairs of billionaires, despite the significant contribution they make to the public finances. According to a report by the Public Accounts Committee (PAC), HMRC has a loose grasp of
Legislators
California Governor Gavin Newsom has signed the 2025-26 state budget into law, delivering on promises to protect access to Medi-Cal and in-home care. In a marked departure from the Governor's original proposal, the final budget reinstates a much higher Medi-Cal asset limit of $130,000 for individuals and
Legislators
California Governor Gavin Newsom has signed the 2025-26 state budget into law, delivering on his promise to protect access to Medi-Cal and in-home care. The budget, negotiated with the State Legislature, reinstates a higher Medi-Cal asset limit of $130,000 for individuals, rather than the original proposal of $2,000.
Legislators
The New Mexico Municipal League, an organization representing 106 incorporated cities and towns across the state, is urging state lawmakers to streamline the process of approving drinking water and sewage infrastructure projects. The organization argues that the current process, which requires approval from the Water Trust Board during legislative sessions,
Legislators
Ohio House Speaker Matt Huffman and Finance Chair Brian Stewart have announced their plan to override Governor Mike DeWine's vetoes on provisions aimed at lowering property tax bills. The House plans to take up three of the governor's vetoes in a July 21 session, with the
Legislators
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, emphasized the need for transparency in public finance, while speaking at the National Conference on Public Accounts and Fiscal Governance in Abuja. He noted that the parliament cannot demand accountability in the management of public finance if it
Legislators
Colorado lawmakers spent seven months deliberating and trimming $44 billion in spending to balance the state budget. However, the recent passage of the One Big Beautiful Bill Act by President Trump has introduced new challenges, necessitating another round of budget cuts. The deep Medicaid and tax cuts in the federal
Starmer, Keir
In the midst of a tumultuous first year, Labour leader Keir Starmer has maintained his momentum, despite facing numerous setbacks and criticisms. The party has made significant strides in various areas, including education, healthcare, and environmental policies. However, the government has also faced numerous challenges, including a £22 billion financial
Legislative bills
President Donald Trump's "Big Beautiful Bill" has been passed by the House, setting the stage for a July 4 signing ceremony. The $3.3 trillion package cements the 2017 tax cuts, increases federal spending on immigration enforcement, restricts social welfare programs, and slashes green energy incentives.
Starmer, Keir
The UK's gilt sell-off this week highlighted the fragile investor confidence in Britain's precarious fiscal position, sparked by a tearful appearance by Chancellor Rachel Reeves in the House of Commons. The market reaction, triggered by speculation surrounding Reeves' future, sent 10-year gilt yields up as
Starmer, Keir
Labour's prime minister, Sir Keir Starmer, has faced a disastrous week, marked by his bumbling failure to provide political cover for his visibly distressed chancellor, Rachel Reeves. The incident capped a string of mishaps that have damaged the government's credibility and its central electoral promise of
