What’s the theme? Many budget measures are aimed at easing cost of living. The headline announcement is tax cuts: everyone will get one, but not until July 1 2026. Other major spends are on Medicare,

What was in Rachel Reeves’ announcement? - The Chancellor has made moves to reduce spending across Government.

Chancellor Rachel Reeves has set out her plans for the UK economy during her Spring Statement in the House of Commons. It came as the Office for Budget Responsibility (OBR) - which monitors the government's spending plans - unveiled its latest economic forecasts.

The latest Congressional Budget Office long-term projections demonstrate just how unsustainable our current fiscal trajectory is. This statement probably does not come as a surprise, but it ...

The Solidarity Budget, as it is called, amounts to S$5.1 billion, and will require another S$4 billion to be drawn from past reserves, adding to the S$17 billion set aside from the reserves ...

INVOLUNTARY COMMITMENT: A group of 36 mayors, county executives and other local officials across the state backed Hochul’s proposed laws to ease restrictions on involuntary hospitalization for people with mental illnesses in a letter to legislative leaders Friday. The coalition urged Senate Majority Leader Andrea Stewart-Cousins and Assembly Speaker Carl Heastie to include the governor’s proposals in the final budget, which would both loosen the criteria and allow providers like nurse practitioners to involuntarily commit people to psychiatric hospitals. Both legislative houses rejected Hochul’s involuntary commitment changes in their one-house proposals, leading the laws to become a sticking point during budget negotiations. INSURANCE DENIALS: Startup Sohar Health raised a $3.8 million seed round to sell a platform to help clinical practices streamline insurance processing, the company said Friday. The Flatiron-based firm has built an artificial intelligence-powered platform to help providers verify patients’ insurance eligibility, reduce claims denials and provide pricing estimates. The funding round was led by Kindred Capital, a venture capital company based in London.

L.A.’s financial problems exploded into a full-blown crisis on Wednesday, with the city’s top budget official announcing that next year’s shortfall is now just shy of $1 billion, making ...