Eus Budget News Today

The government passed legislation that revamped the operation of the province’s electrical grid, along with a bill that enacts measures in the budget and amends 15 provincial laws.

Biden's 2025 Budget allocates billions to AI talent, regulation, development, and more. The Biden administration is reportedly funding over $3. 3 Billion on artificial intelligence for its vast development in various agencies within the federal government and to address AI legislation and the emerging technology's risks.

President Joe Biden has unveiled a $7.3 trillion spending plan for the 2025 fiscal year, which includes raising corporate income tax rates, increasing tax rates for those earning over $400,000, forcing those with wealth of $100 million to pay at least 25% of their income in taxes, and allowing the government to negotiate to bring more drug costs down.

President Joe Biden is set to meet with the top four congressional leaders at the White House to discuss passing an emergency aid package for Ukraine, Israel, and avoiding a potential government shutdown next month.

US military diverts $430 million to Ukraine-related operations amid Congress impasse, potentially running out of funds by May 2024.

On Friday, the US Labor Department reported that its producer price index (PPI)---which is used to track inflation before it reaches consumers---rose 0.3% between December and January (an annual increase of 0.9%) after falling -0.1% from November to December.

US national debt will double annual Gross Domestic Product (GDP) in a quarter century and will grow faster than the domestic economy, driven by huge and growing Medicare and Social Security deficits, the Government Accountability Office (GAO) warned in a new report.

The US national debt is estimated to increase to a record 116% of the gross domestic product (GDP) by the end of 2034 and will continue to grow afterward, according to a new Budget and Economic Outlook report published by the Congressional Budget Office (CBO) on Wednesday.

On Fault Lines, hosts Jamarl Thomas and Melik Abdul discussed various global topics, including the EU allegedly blackmailing Hungary over its refusal to approve the Ukraine funding package.

US has avoided a partial government shutdown with a fourth budget-related fiscal resolution passed in just over six months, but such comfort might be temporary, Fitch Ratings said.