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Germany Set to Miss Another Deadline to Agree for 2024 Budget
Germany Set to Miss Another Deadline to Agree for 2024 Budget
The German government won’t be able to meet another deadline to agree on next year’s budget, according to
2023-05-11 13:59
China’s Fragile Recovery Keeps Policymakers on Alert
China’s Fragile Recovery Keeps Policymakers on Alert
China’s trade and inflation data this week will likely signal that the economy’s recovery remains fragile, keeping pressure
2023-09-03 05:15
UK public inflation expectations ease in May - Bank of England survey
UK public inflation expectations ease in May - Bank of England survey
LONDON The British public's expectations for inflation in the coming 12 months cooled in May, according to a
2023-06-16 16:54
Mitsotakis Wins Parliamentary Vote to Clear Way for Economy Plan
Mitsotakis Wins Parliamentary Vote to Clear Way for Economy Plan
Greek Prime Minister Kyriakos Mitsotakis won parliamentary backing for his government’s agenda, clearing a four-year path for improving
2023-07-09 02:49
Wisconsin governor seals 400 years of public school funding increases with budget veto
Wisconsin governor seals 400 years of public school funding increases with budget veto
Wisconsin Gov Tony Evers, a Democrat, used his line-item veto power to enact a state budget that increases spending for public schools for the next 400 years, The Milwaukee Journal Sentinel reported. Mr Evers used the broad powers given to Wisconsin governors to strike a hyphen and the “20” from a reference to the 2024-2025 school year. The line-item veto will make sure that the limits that the state imposes on school districts on how much they are allowed to raise per student will increase by $325 until 2425. The line-item veto will table debates between the two parties during the budget-writing season. Republicans control the state legislature in Wisconsin. Mr Evers said that the move would “provide school districts with predictable long-term increases for the foreseeable future.” Mr Evers also used his line-item veto to nullify much of Republicans’ proposed $3.5m tax cut that would have mostly slashed taxes on the state’s wealthiest residents. But Robin Vos, the speaker of the state House, decried the move. “Legislative Republicans worked tirelessly over the last few months to block Governor Evers’ liberal tax and spending agenda. Unfortunately, because of his powerful veto authority, he reinstated some of it today,” he said in a statement. Dan Rossmiller, who represents the Wisconsin Association of School Boards, said that while the permanent annual funding was “certainly appreciated,” the additional funding could vary depending on the school district and that the rate might not meet or exceed inflation rates in some districts. “I wish the amount would have been higher,” he said. “With inflation at 40-year highs, it's really important to be able to attract and retain teachers and staff, and to be able to pay the increased costs of everything in a school district's budget.” Republicans likely could not override Mr Evers’s action since they lack a veto-proof majority in the state legislature. Read More Watch live: Trump aide Walt Nauta attends court on charges related to classified documents DeSantis doubles down on ‘homophobic’ anti-Trump ad: ‘Totally fair game’
2023-07-06 23:23
CEOs Lack Confidence in Their Organizations’ Ability to Protect Against Cyberattacks Despite Seeing Cybersecurity as Vital to Growth, Accenture Report Finds
CEOs Lack Confidence in Their Organizations’ Ability to Protect Against Cyberattacks Despite Seeing Cybersecurity as Vital to Growth, Accenture Report Finds
NEW YORK--(BUSINESS WIRE)--Oct 5, 2023--
2023-10-05 18:21
Kimberly Palmer: What to consider before budgeting with the cash-stuffing method
Kimberly Palmer: What to consider before budgeting with the cash-stuffing method
The cash-stuffing method of budgeting has revived the popularity of an old concept known as the envelope system
2023-07-17 21:15
Nigeria grapples with end of fuel subsidy
Nigeria grapples with end of fuel subsidy
Nigerians are struggling with surging fuel prices after newly elected President Bola Tinubu declared an end to popular subsidies, a move analysts and...
2023-06-02 17:45
Futures rise ahead of May jobs data; debt default averted
Futures rise ahead of May jobs data; debt default averted
By Shreyashi Sanyal and Shristi Achar A U.S. stock index futures rose on Friday after the country narrowly
2023-06-02 19:58
American Airlines pilot contract offer increases to $9 billion following United agreement
American Airlines pilot contract offer increases to $9 billion following United agreement
American Airlines agreed to raise its pilot contract offer by more than a billion dollars to bring it on par with the tentative agreement competitor United Airlines reached with its pilots last week.
2023-07-23 00:16
Energy sector left behind as Wall Street exits bear market
Energy sector left behind as Wall Street exits bear market
Falling crude oil prices and lingering worries about the global economy have been sapping power from energy stocks throughout 2023
2023-07-15 00:20
Kids could fill labor shortages, even in bars, if these lawmakers succeed
Kids could fill labor shortages, even in bars, if these lawmakers succeed
Lawmakers in several states are looking to loosen child labor laws, even as the federal government cracks down on surging violations
2023-05-26 03:58