2 h. ago New Jersey governor unveils $58.1B budget amid federal funding uncertainty

New Jersey Democratic Gov. Phil Murphy has unveiled a nearly $58.1 billion budget, the final spending plan of his two terms in office

Economics

3 h. ago US student loan repayments could increase by $200 under new GOP budget plans

Republicans are looking to cut $2 trillion in federal spending, which will include targeting student loan programs

Economics

4 h. ago SNP Budget plans approved with Greens, Lib Dems and Alba in support as Labour abstain

Green and Lib Dem MSPs backed the government during the Stage 3 vote on Tuesday, as well as Alba’s sole MSP.

Politics

5 h. ago SNP Budget plans approved with Greens, Lib Dems and Alba support

Ministers highlighted record spending for the NHS and councils in the £63 billion budget settlement.

Politics

5 h. ago Starmer slams accusation he is ‘Farage in disguise’ over defence spending increase

Sir Keir Starmer dismissed an accusation he is "Nigel Farage in disguise" over his plans to slash the foreign aid budget to hike defence spending to 2.5 per cent of GDP to counter “tyrants” like Vladimir Putin.

Politics

5 h. ago Starmer announces big cut to UK aid budget to boost defence spending

PM confirms rise in military spending to 2.5% of GDP by 2027 – three years earlier than plannedUK politics live – latest updatesKeir Starmer has announced drastic cuts to Britain’s international aid budget to help pay for a major increase in defence spending, amid fears over Donald Trump’s commitment to European security.The prime minister said the UK government would increase defence spending to 2.5% of GDP by 2027 – three years earlier than planned – as he prepared for what is likely to be a diplomatically fraught visit to Washington DC this week. Continue reading...

Economics

9 h. ago Nearly 40% of contracts canceled by Doge are expected to produce no savings – live

Almost 40% of federal contracts canceled as part of Doge’s cost-cutting efforts aren’t expected to save government any money, Trump administration’s own data showsIt’s coming down to the wire for beleaguered House speaker Mike Johnson, who is trying to rally GOP holdouts behind his budget plan for enacting Donald Trump’s agenda before the showdown vote this evening.Amid Republican opposition threatening to derail his bill, Johnson was up late last night locked in talks with holdouts from across his party who remain skeptical of his outline plan for tax and spending cuts - as well as border security, energy and defense policy - via a single reconciliation bill. Continue reading...

Politics

23 h. ago Budget Bill set to clear final hurdle at Scottish Parliament

Holyrood is expected to pass the 2025-26 budget plans when MSPs vote at the end of business.

Politics

4 d. ago Cardiff council plans to hike council tax and increase the cost of parking permits

As part of its proposed budget for 2025-26 Cardiff council also plans to spend money in a number of areas like schools and social care

Economics

4 d. ago US Senate passes budget resolution to fund Trump’s deportation plan

Bill approving $175bn for border security and extra $150bn for Pentagon faces tough challenge in HouseUS politics live – latest updatesThe US Senate has passed a budget resolution that paves the way for funding Donald Trump’s mass deportation plan after his “border czar” said there were insufficient funds for the operation.A 10-hour marathon session – dubbed a “vote-a-rama” – concluded in the early hours of Friday morning with a 52-48 vote almost entirely on party lines in favor of a spending structure that would see $175bn reserved for border security, including Trump’s prized border wall with Mexico, and a $150bn boost to the Pentagon budget. Continue reading...

Politics

4 d. ago Voluntary parking charges could be introduced in Dumfries and Galloway

Two budget proposals include plans to introduce "invitation to pay" parking at two yet to be identified sites.

Politics

4 d. ago Three new community hubs will be built after North Lanarkshire Council confirmed investment plans during budget

The new hubs, which will include state-of-the-art primary schools, will be built in Glenboig, Ravenscraig and Cumbernauld’s Abronhill.

Economics

5 d. ago All the things announced by the Welsh Government in the 2025

More money has been added to the 'brighter' budget announced by Mark Drakeford with £120m additional spending planned for Wales

Politics

5 d. ago Labour secures backing for Welsh budget with final details set to be announced

Labour's final Welsh budget spending plans for 2025/6 are understood to have won the support of Lib Dem Jane Dodds. The new plans are expected to include changes and some extra money being announced

Politics

5 d. ago Glasgow City Council considers Clyde Tunnel toll and city congestion charge to claw back funding

The toll and congestion charge plans will be discussed as Glasgow City Council sets its budget on Thursday

Politics

5 d. ago Trump defense chief reportedly orders Pentagon to plan for sweeping budget cuts – US politics live

Pete Hegseth orders leaders to develop plans to cut 8% of budget in each of next five years, Washington Post reportsAs Donald Trump’s administration continues to fire thousands of federal workers and radically slash federal spending, some Republicans are growing unnerved, Axios reports.As the cuts start to hit GOP lawmakers’ districts and states, some have told Axios there is a larger conflict brewing over the constitutional issue of whether the president can bypass Congress on such decisions.I think you’re going to see a clash when they start abolishing [agencies]. Say like USAid, right? We authorized that. That’s a creature of Congress. If they try to do something like that, then you’re going to get into a constitutional argument or crisis.Before making cuts rashly, the administration should be studying and staffing to see what the consequences are. Measure twice before cutting. They have had to backtrack multiple times.We all want efficiencies, there is a way to do it, and the wa...

Politics

6 d. ago Trump administration reportedly orders Pentagon to plan for sweeping defense budget cuts – live

Hegseth orders senior leaders at the Pentagon to develop plans to cut 8% of the defense budget in each of the next five years, the Washington Post reportsAs Donald Trump’s administration continues to fire thousands of federal workers and radically slash federal spending, some Republicans are growing unnerved, Axios reports.As the cuts start to hit GOP lawmakers’ districts and states, some have told Axios there is a larger conflict brewing over the constitutional issue of whether the president can bypass Congress on such decisions.I think you’re going to see a clash when they start abolishing [agencies]. Say like USAid, right? We authorized that. That’s a creature of Congress. If they try to do something like that, then you’re going to get into a constitutional argument or crisis.Before making cuts rashly, the administration should be studying and staffing to see what the consequences are. Measure twice before cutting. They have had to backtrack multiple times.We all want efficiencie...

Politics

7 d. ago Care home closure set to reduce council budget gap by over £1m

RCT's cabinet will soon discuss its budget plans for next year which at the moment include a 4.5% council tax increase

Economics

8 d. ago Brits face jobs nightmare: A THIRD of firms hit by Labour's Budget tax raid plan layoffs or hiring curbs as business confidence slumps

A closely-watched survey has found a quarter of businesses expect to make redundancies - the highest level in a decade outside the pandemic.

Economics