balance sheet or statement of estimated receipts and expenditures
Recalculation after ruling: Civil servants set to cost states hundreds of millions more
n-tv.de/politik/Beamte-sollen-Laender-teils-Hunderte-Millionen-mehr-kosten-id30821847.html
The deficit just grew by $955 billion in 7 months. It’s time for a constitutional fix to control the budget
fortune.com/2026/05/14/federal-budget-deficit-constitutional-amendment-article-v-hanke-walker/
Paid articlePaywall
Did Zohran Mamdani's New Budget Really Eliminate New York City’s Deficit?: The plan relies heavily on state aid, delayed pension payments, and optimistic revenue ...
time.com/article/2026/05/13/zohran-mamdani-new-york-city-deficit-budget-funding/
Key FactsEU Budget Faces Calls for Major Overhaul
8 hours ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: welt.de
Summary created with AI assistance · Source: welt.de
- Friedrich Merz criticizes the EU budget’s outdated structure, where more than two-thirds of funds go to redistribution and subsidies.
- He advocates for a streamlined budget prioritizing major investments in competitiveness and defense as outlined by Mario Draghi.
- Merz rejects new joint EU debt and insists on setting priorities without additional communal financing tools.
- Mario Draghi urges greater unity and annual investments of €800 billion to maintain global competitiveness.
Germany cannot go down this path for constitutional reasons.— Merz; keynote speech in Aachen on the EU budget
#EXCLUSIVE : It's still two years away from completion and $20 billion over budget, but once finished, the Snowy Hydro 2.0 will generate an extraordinary amount ... Show more
Trump: “I doubled the size, you stupid person”: Donald Trump called a reporter a “stupid person” on live TV. She had confronted him about the costs of the new ...
focus.de/politik/ausland/trump-ich-hab-die-groesse-verdoppelt-sie-dumme-person_553dbb2f-cc30-4403-af3b-357e202653e6.html
Key FactsTrump Insults Black Reporter During Press Briefing
1 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: buzzfeed.com
Summary created with AI assistance · Source: buzzfeed.com
- During a press conference before the Xi Summit, Trump responded harshly to inquiries about budget overruns on his DC construction projects.
- Reporter Akayla Gardner questioned the increase in costs for the ballroom and reflecting pool, which Trump defended by citing the project's doubled size.
- Trump directly insulted Gardner by calling her a 'dumb person,' asserting she misunderstood the situation.
- The incident sparked backlash, notably from the Washington Association of Black Journalists condemning Trump's treatment of Black women covering the White House.
I doubled the size of it, you dumb person.— Donald Trump to Akayla Gardner, MS NOW White House reporter, during a brief press conference before the Xi Summit in China, reacting to questions about budget overruns on the DC ballroom project.
How New York mayor Zohran Mamdani solved the city’s budget crisis: The mayor’s new budget proposal closes a massive deficit while expanding social programs.
f-st.co/OVjRvWe
Newsom outlines his final budget proposal with no deficit, no new major spending: California Gov. Gavin Newsom on Thursday proposed a revised budget proposal ...
lookout.co/newsom-outlines-his-final-budget-proposal-with-no-deficit-no-new-major-spending/story
Honda reported its first annual loss in nearly 70 years.
The Japanese automaker said total EV-related losses for the fiscal year ended March 2026 came in 1 ... Show more
SIA warns of higher cost pressures as jet fuel prices surge; profit hit by Air India losses
straitstimes.com/business/companies-markets/sia-warns-of-higher-cost-pressures-as-jet-fuel-prices-surge-profit-hit-by-air-india-losses
Nissan Lost $3.4 Billion, But Its Comeback May Already Be Working.
Nissan's recovery was blunted by tariffs in the previous financial year ... Show more
Nissan Lost $3.4 Billion, But Its Comeback May Already Be Working
Nissan Lost $3.4 Billion, But Its Comeback May Already Be Working
Newzroom Afrika 15h
[WATCH] Gauteng Finance MEC Nkululeko Dunga says 60% of the province’s R180-billion budget pays for human resources.
Best robot vacuum deal: Save over $300 on Eufy C28 robot vacuum and mop: Score a huge discount on one of our favorite budget robot vacuums.
mashable.com/article/may-14-eufy-c28-robot-vacuum-mop-deal
This comforting Southern classic combines macaroni and tangy canned tomatoes for a simple, budget-friendly dish that's ready in minutes—perfect for easy ... Show more
www.simplyrecipes.com/southern-macaroni-and-tomatoes-recipe-11868273?taid=6a0637f5a98885000127219a
www.simplyrecipes.com/southern-macaroni-and-tomatoes-recipe-11868273?taid=6a0637f5a98885000127219a
Taylor Swift, lawsuits and quirky exemptions: How empty homes tax works in other cities
sandiegouniontribune.com/2026/05/14/taylor-swift-lawsuits-and-quirky-exemptions-how-vacant-homes-property-tax-works-in-other-cities/
South African province puts up 960 CCTV cameras to keep an eye on its residents: South Africa's most populated province has spent more than R124 million on 960 ...
businesstech.co.za/news/government/860461/south-african-province-puts-up-960-cctv-cameras-to-keep-an-eye-on-its-residents/
Kemp chops food stamps, funds for foster children and veterans for tax cuts: Gov. Brian Kemp said "tough choices" came when the larger than expected tax cuts ...
ajc.com/politics/2026/05/kemp-chops-food-stamps-foster-child-and-veterans-funds-for-tax-cuts/
dpaq.de 13h
Merz: use EU budget reform to boost European power ｜ DPA: German Chancellor Friedrich Merz called for a "fundamental modernization" of the European ...
nordot.app/1427621587314114874
The ‘Golden Dome’: What we know about Trump’s trillion-dollar defense project: The ambitious missile defense system promoted by the White House faces questions ...
english.elpais.com/usa/2026-05-13/the-golden-dome-what-we-know-about-trumps-trillion-dollar-defense-project.html
FBI Director Kash Patel got into a heated exchange with Sen. Chris Van Hollen of Maryland when Van Hollen asked Patel about media reports of excessive drinking ... Show more
Key FactsChina Condemns US Arms Sales to Taiwan Before Summit
2 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- China strongly opposes US arms sales to Taiwan and urges Washington to honor existing commitments ahead of the summit.
- Taiwan is regarded by China as a non-sovereign part of its territory that will never become an independent nation.
- Taiwan’s parliament approved only two-thirds of the requested $40 billion defense budget, raising concerns in the US.
- China may use Taiwan’s lowered defense spending to pressure the US to decrease military support during the Trump-Xi discussions.
Our resolve to oppose Taiwan independence is as firm as a rock, and our capability to crush Taiwan independence is unbreakable.— Zhang Han, spokesperson for China's Taiwan Affairs Office, speaking in Beijing
Cisco's stock pops 17% on surging AI orders, as company says it's cutting almost 4,000 jobs
cnbc.com/2026/05/13/cisco-csco-q3-earnings-report-2026.html
TSMC $TSM is scaling up in a big way. The semiconductor giant just approved a $20 billion capital hike for its Arizona manufacturing hub ... Show more
Live: Labor recruits former Jacqui Lambie senator Tammy Tyrrell: Former Jacqui Lambie senator Tammy Tyrrell defects to Labor. Follow live.
abc.net.au/news/2026-05-14/federal-politics-live-blog-budget-reaction/106676514
It pains me to say nice things about politicians, but this is a good budget: Treasurer Jim Chalmers says this is the budget that will finally do something to ...
smh.com.au/politics/federal/it-pains-me-to-say-nice-things-about-politicians-but-this-is-a-good-budget-20260512-p5zw5r.html
Focus on budget’s ‘broken promises’ misses the big picture: Long-overdue changes to the capital gains tax and negative gearing arrangements are a practical move ...
smh.com.au/national/nsw/focus-on-budget-s-broken-promises-misses-the-big-picture-20260513-p5zw9i.html
Resident Evil Requiem and Pragmata help Capcom to a ninth consecutive year of record profits
eurogamer.net/capcom-financial-record-breaking-resident-evil-requiem
Mayor Mamdani says he has balanced NYC's budget, will not raise property taxes: New York City Mayor Zohran Mamdani said Tuesday his team has balanced the budget ...
cbsnews.com/newyork/news/nyc-budget-zohran-mamdani-property-taxes/
Republican senators say they need more detail on $1B White House security request
pbs.org/newshour/politics/republican-senators-say-they-need-more-detail-on-1b-white-house-security-request
Baltimore officials say an unusually brutal winter and soaring overtime costs have pushed the city’s current budget into a $64.4 million deficit ... Show more
Baltimore budget deficit swells to $64M. Here’s why.
Baltimore budget deficit swells to $64M. Here’s why.
Our TikTok viewers asked our expert panellists how the 2026 Federal Budget will impact rent prices. #Budget2026 #9News
5 percent less for everyone? Who Spahn’s plan affects: Jens Spahn wants to cut subsidies to finance the tax reform. But the plan only partially works.
focus.de/finanzen/reformen/5-prozent-weniger-fuer-alle-wen-spahns-plan-trifft_b6f2e283-f008-43bf-9852-af0d9aae8a44.html
Key FactsSubsidy Cuts vs. Tax Reform Financing Debate
1 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: focus.de
Summary created with AI assistance · Source: focus.de
- Jens Spahn proposes a uniform five percent reduction in all subsidies and tax benefits to fund income tax reform.
- This approach would generate around 3.8 billion euros annually, covering only about ten percent of the needed 30 billion euros.
- Concerns arise that this method shifts costs onto broad population groups who are intended to benefit from the tax relief.
- The SPD seeks to finance the relief mainly through higher taxes on top earners above approximately 105,000 euros and by reforming inheritance tax.
For me, it is absolutely clear that there can be no income tax reform in which the top earners in this country do not pay more.— German Federal Minister of Finance Lars Klingbeil (SPD) said this in the context of the discussion about financing the income tax reform.
Babcock raises Type 31 Frigate cost estimate due to rework: As completion of the lead Type 31 Frigate progresses, rework requirements during outfitting have ...
ukdefencejournal.org.uk/babcock-raises-type-31-frigate-cost-estimate-after-outfit/
10 million Swiss citizens: Tax increase of 635 francs looms: If fewer workers immigrate, the Swiss population will age faster. This would also have consequences ...
tagesanzeiger.ch/10-millionen-initiative-steuererhoehung-von-635-franken-droht-935573910869
Paid articlePaywall
‘You Dumb Person!’ Trump Blows His Top at Reporter Over Ballroom Budget Question: President Donald Trump lost his temper at a reporter on the White House lawn ...
mediaite.com/media/news/you-dumb-person-trump-blows-his-top-at-reporter-over-ballroom-budget-question/
Ottawa funds planting of 95M trees across B.C.: Sixteen tree-planting projects will restore critical habitats for species at risk, areas affected by wildfire and ...
timescolonist.com/local-news/ottawa-funds-planting-of-95-million-trees-in-bc-12272045
Pentagon official says cost of Iran war has climbed to about $29 billion: Testifying before the House and Senate subcommittees that oversee Pentagon budget ...
wionews.com/world/pentagon-official-says-cost-of-iran-war-has-climbed-to-about-29-billion-1778604524634
Federal budget 2026 LIVE updates: Treasurer Jim Chalmers confirms big changes to negative gearing, CGT and relief for workers
smh.com.au/politics/federal/federal-budget-2026-live-updates-capital-gains-tax-negative-gearing-changes-on-agenda-as-treasurer-jim-chalmers-prepares-to-flag-64-billion-in-savings-20260511-p5zvpw.html
Tens of thousands of Argentines marched through downtown Buenos Aires and major cities across the country to demand that President Javier Milei reverse cuts to ... Show more
NYC dumping record $43B into public schools -- at whopping $44K per pupil -- despite plummeting enrollment, poor test results
nypost.com/2026/05/12/us-news/nyc-dumping-record-43b-into-public-schools-at-whopping-44k-per-pupil-despite-plummeting-enrollment-poor-test-results/
Treasurer Jim Chalmers is defending his budget this morning, after breaking an election promise and taking a chainsaw to negative gearing and the capital gains ... Show more
Ohio has collected $1.2B more in tax than expected; How should it be spent?: Ohio collected about $1.2 billion more in taxes than expected this fiscal year ...
cleveland.com/news/2026/05/ohio-has-collected-12b-more-in-tax-than-expected-how-should-it-be-spent.html
Capital gains tax and negative gearing benefit the 1% and this chart shows it: More than half of the benefit of the CGT concession went to the top 1% of income ...
theguardian.com/news/2026/may/13/australia-federal-budget-2026-tax-capital-gains-negative-gearing-housing-one-big-chart
Analysis: Much as it pains me to say anything nice about politicians, this is a good budget. Translation: there’s a lot in it you’re not gonna like ... Show more
Will a $268 tax break really give first-home buyers a leg up in the property market? #Budget2026 #9News
Best Products May 12
Why Drop $1,000 on Your Next Phone? These Budget Android Models Deliver on Features and Performance.
Read more here: The 6 Best Budget Android Phones That Don't Skimp on Features or Performance
National eyes KiwiSaver changes as Luxon hardens on immigration: The operating allowance for this year's Budget will also be smaller, Christopher Luxon announced ...
1news.co.nz/2026/05/13/national-eyes-kiwisaver-changes-as-luxon-hardens-on-immigration/
Frontier Myanmar May 12
The stark reduction in international funding for Myanmar nonprofits since early last year has left legal aid and advocacy groups with huge budget gaps ... Show more
Just a moment...
Just a moment...
$250 tax break for millions in budget's 'rebalance' of system for workers
abc.net.au/news/2026-05-12/federal-budget-2026-tax-break-for-millions-of-workers/106669972
Federal budget 2026 winners and losers: rich families, overseas travellers and illegal tobacco – summary
theguardian.com/australia-news/2026/may/12/federal-budget-2026-summary-winners-and-losers
Imperial Brands warns protracted Iran war could hit costs and consumer demand including duty free
business-live.co.uk/manufacturing/imperial-brands-warns-protracted-iran-33929458
Price Tag on Reflecting Pool Repairs Jumps Way Above Trump’s Promised Budget: Donald Trump's plan to repair and paint the Lincoln Memorial reflecting pool is far ...
mediaite.com/media/news/price-tag-on-reflecting-pool-repairs-jumps-way-above-trumps-promised-budget/
Key FactsSpain Faces Allegations of Misusing EU Pandemic Funds
3 days ago · Reading time: ~45 sec.
Summary created with AI assistance · Source: welt.de
Summary created with AI assistance · Source: welt.de
- Spanish media accuse Prime Minister Pedro Sánchez’s administration of redirecting over €10 billion intended for pandemic relief to cover budget gaps.
- By the end of 2024, €2.39 billion was allocated to civil servant pensions and minimum social security pensions, with €8.5 billion more in 2025.
- The European Taxpayers Association calls for full disclosure, fund recovery, and legal action over the alleged misappropriation of EU money.
- Spanish officials defend the legality of the fund usage despite sharp criticism from EU lawmakers demanding protection for taxpayers.
We demand clarification, full disclosure, the recovery of the funds, and criminal consequences.— Michael Jäger, president of the European Taxpayers' Federation, told Bild newspaper about the reports of the misappropriation of EU funds in Spain.
Wait times at Ontario emergency rooms have spiked over past 5 years, study says: Wait times for people seeking care at emergency departments across Ontario have ...
cp24.com/local/toronto/2026/05/11/under-immense-strain-wait-times-at-ontario-emergency-rooms-have-spiked-over-past-5-years-study-says/
Klingbeil: 87.5 billion euros less in revenue by 2030: Lars Klingbeil expects the German government to see 87.5 billion euros less in tax revenue by 2030 than ...
focus.de/finanzen/news/klingbeil-87-5-milliarden-euro-weniger-einnahmen-bis-2030_c667a74e-52a4-40b6-bb95-d4012586327f.html
Canada sees record military recruitment boom over Trump, Ukraine and China fears: Two years ago, Canada’s military recruitment was so dire that the country’s ...
firstpost.com/world/canada-sees-record-military-recruitment-boom-over-trump-ukraine-and-china-fears-14009519.html
Nintendo shares tumble after lackluster Switch 2 games outlook: Nintendo shares had shed close to 30% this year through Friday, with concerns growing about the ...
japantimes.co.jp/business/2026/05/11/companies/nintendo-shares-tumble/
PolandDaily24.com May 11
Half a Million Migrants to Be Accepted by Spain. Czarzasty: Poland Could Learn From It
polanddaily24.com/half-a-million-migrants-to-be-accepted-by-spain-czarzasty-poland-could-learn-from-it/poland-today/69652
