France debt crisis deepens as borrowing hits record €340 billion, placing fresh pressure on Prime Minister Sébastien Lecornu as borrowing costs rise and political unrest complicates his 2027 budget. Foreign-held French debt and higher bond yields are drawing attention to France’s vulnerability among major G7 economies. France record borrowing plan France plans to borrow around €340 billion next year, equivalent to roughly €1.3 b

China’s fiscal system is under growing pressure as land sales weaken, property activity remains subdued and government spending continues to exceed revenue. Official figures suggest a deeper shift in how Beijing and local authorities fund services and infrastructure. Land slump cuts a major funding source For years, local governments relied heavily on selling land-use rights to developers. That model worked w

Congress Approves $70 Billion Immigration Funding Package The U.S. Congress on Tuesday approved a $70 billion funding package to support President Donald Trump's immigration enforcement and border control policies through the remainder of his term. The measure passed the House of Representatives in a narrow 214‑212 vote, largely along party lines, and now heads to the White House for Trump’s signature.

The San Francisco budget plan proposed by Mayor Daniel Lurie seeks to protect core city services while addressing a $642 million deficit over the next two fiscal years. Lurie announced the proposal in San Francisco on Monday, June 1, 2026, presenting it as a spending plan built around fiscal discipline, service protection and preparation for possible federal funding cuts. San Francisco Budget Plan Focuses on Services and Deficit Control The pro

Columbus City Schools layoffs in 2026 will affect 299 positions after the Board of Education approved a major staffing reduction plan on Tuesday, May 19, 2026. District leaders said the cuts are part of an effort to reach more than $50 million in savings amid rising costs and state funding pressure. Why Columbus City Schools Is Cutting Jobs The Columbus City Schools Board of Education voted unanimously to eliminate 299 positions across the district. Offi

Amazon fashion deals under $10 are drawing attention from shoppers looking for affordable summer wardrobe updates, with dresses, tops, sandals, bags and accessories among the highlighted sale picks. The latest under-$10 selection includes casual outfits, warm-weather basics and small accessories, with several items listed between $7 and $10. Prices and availability may change, so shoppers should check the final product page before purchasing. The deal list was published Friday, May

WASHINGTON — Do senators get paid during government shutdowns? A new Senate rule would delay their salaries during future federal funding lapses, but the money would still be released after the shutdown ends. The U.S. Senate voted unanimously on Thursday, May 14, 2026, to withhold senators’ pay whenever a government shutdown affects one or more federal agencies. Senate Shutdown Pay Rule Explained The measure, sponsored by Sen. John Kennedy,

President Donald Trump said on Friday, May 1, 2026, that his administration had delivered a “final” bailout proposal to Spirit Airlines as the budget airline faces the possibility of liquidation without immediate financial su

WASHINGTON — President Donald Trump said on Thursday, April 2, 2026, that he plans to sign an executive order to compensate Department of Homeland Security employees who have gone without pay during a partial federal government shutdown that has now stretched to 48 days. The announcement was made in a social media post, where the president criticized Democratic lawmakers for the ongoing impasse while thanking Republican leaders for efforts to resolve the standoff. The proposed actio

A new chapter in Karnataka's ongoing power struggle unfolded when Pranavananda Swamiji, a prominent seer, made claims regarding the state budget. The Swamiji alleged that mutts, or Hindu monasteries, that had supported Deputy Chief Minister DK Shivakumar’s bid to take over as the state’s chief minister were deliberately sidelined in the budget presented by Chief Minister Siddaramaiah. According to the seer, not a single rupee was allocated to these mutts, despite their vocal backing of Sh

San Jose officials are calling on state regulators to withdraw newly approved gambling regulations that they say could significantly disrupt the city’s finances and threaten more than 1,000 local jobs. In a letter dated Feb. 19 and addressed to Attorney General Rob Bonta, city leaders warned that the new rules governing California’s card rooms would dramatically reduce tax revenue generated by the city’s two licensed casinos, Casino M8trix and Bay 101. According to city offici

Andhra Pradesh's Assembly saw an action-packed session today, marked by a brief yet intense protest from YS Jagan and his YCP MLAs. After a year of absence, the opposition leader YS Jagan Mohan Reddy made a quick entry into the Assembly, along with his party members. They began their appearance by singing the national anthem, Jana Gana Mana, before immediately raising slogans during the Governor's speech. The slogans, such as "Law and order must be saved," were aimed at dra

Union Budget 2026 was presented by Finance Minister Nirmala Sitharaman, marking her ninth consecutive budget and outlining the government’s commitment to inclusive growth. The budget is guided by three key kartavyas aimed at accelerating economic development while supporting the poor, underprivileged, and disadvantaged sections of society. While income tax payers were hoping for rebates or changes in standard deduction, the government chose to focus on indirect tax relief, healthcare afford

Union Budget 2026 is being presented live from Parliament, marking a significant moment in India’s economic calendar. Finance Minister Nirmala Sitharaman is delivering her ninth consecutive Union Budget, continuing a historic streak that reflects policy continuity and long-term fiscal planning. The budget session is being closely watched by policymakers, economists, businesses, and citizens across

The United States government entered a partial shutdown early Saturday after Congress failed to approve a full federal budget for fiscal year 2026 before the midnight deadline. While the lapse in funding has triggered formal shutdown procedures across several federal departments, congressional leaders from both parties indicated the disruption is likely to be brief, with a Senate-backed agreement expected to move through the House early next week. As a result of the missed deadline, an estim

As the Union Budget 2026 draws closer, India’s gems and jewellery industry has stepped up its demands for policy reforms aimed at reviving demand, supporting employment and improving transparency. Industry leaders believe the upcoming Budget can play a decisive role in restoring consumer confidence at a time when global trade uncertainty and high prices have made buyers cautious. With jewellery being both a cultural and economic mainstay, the sector is urging the government to adopt growth-

The Budget Session 2026 of the Indian Parliament commenced on Wednesday with President Droupadi Murmu addressing the joint sitting of the Lok Sabha and the Rajya Sabha in New Delhi. The opening of the session marks the beginning of one of the most significant legislative periods of the year, during which the government outlines its economic vision and policy priorities. Lawmakers from across political parties assembled as the President delivered her customary address, setting the tone for deb

New Jersey mayors are expressing deep concern following President Donald Trump’s announcement that his administration plans to terminate federal funding for sanctuary cities and states that resist his immigration policies. The move, which is expected to take effect on February 1, could have wide-ranging consequences for several municipalities across the state and has renewed debate over the balance of power between federal authority and local governance. New Jersey is home to multip

Brookfield Zoo is offering Chicago-area residents and visitors an excellent opportunity to explore one of the region’s most popular attractions without paying an admission fee, as the zoo has announced free entry on most days throughout January and February. The expanded winter free admission schedule gives families, students, and animal enthusiasts a chance to enjoy a meaningful outdoor experience during the colder months while keeping expenses low. With a wide variety of exhibits and thousan

The Department of Government Efficiency has rejected claims that it was quietly dissolved months before the end of its contract, calling recent reports inaccurate and misleading. The agency, known for its focus on reducing federal spending and reviewing large segments of the government’s budget, responded after speculation arose regarding its operational status. A recent report had cited an unnamed United States official asserting that the department “doesn’t exist,” prompting widespr