spending in excess of revenue
AIPAC, pro-Israel groups celebrate Massie’s defeat in Kentucky after spending $9M
al-monitor.com/originals/2026/05/aipac-pro-israel-groups-celebrate-massies-defeat-kentucky-after-spending-9m
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/
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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.
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/
Indonesia's Prabowo unveils ambitious growth and fiscal deficit targets, seeks 'magnificent prosperity'
reuters.com/world/asia-pacific/indonesias-prabowo-announces-2027-fiscal-deficit-target-18-24-gdp-2026-05-20/
U.S. Treasury will have to borrow $2 trillion this year just to continue functioning—more than $166 billion every month
fortune.com/2026/05/07/treasury-expected-to-borrow-2-trillion-omb-cbo-estimates/
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Trump’s $1.5 trillion military budget may be a solution in search of a problem - Salon.com
salon.com/2026/05/08/trumps-1-5-trillion-military-budget-may-be-a-solution-in-search-of-a-problem/
Gov. Gavin Newsom unveils his final state budget. Here are 8 key takeaways: Gov. Gavin Newsom’s last budget leans on AI revenues to close the deficit while ...
sacbee.com/news/politics-government/capitol-alert/article315774707.html
OpinionIs Ireland the worst run country in Europe?: There is no cost control. And no one seems to care about what we are getting for all this spending
irishtimes.com/opinion/2026/04/11/david-mcwilliams-ireland-has-too-much-money-and-is-fiscally-incontinent/
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/
This boomer rep mocked a child about the $4 trillion debt she saddled him with: An 82 year old republican Congresswoman sent a disgusting response to a 10 year ...
electrek.co/2026/05/14/this-boomer-rep-mocked-a-child-about-the-4-trillion-debt-she-saddled-him-with/
China widens lead in global clean tech : An analysis of $1.1 trillion in global clean energy manufacturing investments between 2019 and 2025 found that more than ...
semafor.com/article/05/12/2026/china-widens-lead-in-global-clean-tech
OpinionPALI LEHOHLA | Who eats and who gets eaten: the great extraction of South Africans
timeslive.co.za/opinion/2026-05-11-pali-lehohla-who-eats-and-who-gets-eaten-the-great-extraction-of-south-africans/
US debt exceeds 100 percent of GDP : The U.S. national debt crossed 100 percent of gross domestic product (GDP) at the end of March ...
thehill.com/business/5857998-us-national-debt-gdp/
Botswana Gazette May 10
UDC Led Govt Fails Spending Discipline Test: Economists have criticised the Umbrella for Democratic Change government’s 2026 Budget, warning it lacks credible ...
thegazette.news/news/udc-led-govt-fails-spending-discipline-test/
Defence spending plan will send federal budget deficit soaring, watchdog warns: Achieving Canada's long-term goal for defence spending would add $63 billion to ...
thestar.com/politics/federal/defence-spending-plan-will-send-federal-budget-deficit-soaring-watchdog-warns/article_9c7b667a-9541-4fd9-ae80-46bd75296a6a.html
‘Any semblance of fiscal responsibility’ has been abandoned, says budget watchdog, as national debt creeps toward $39 trillion milestone
fortune.com/2026/05/05/semblance-fiscal-responsibility-committee-responsible-federal-budget-target-deficit/
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Trump's 'Golden Dome' Shield Exposed as 'Trillion-Dollar Boondoggle' by CBO: Sen. Jeff Merkley called the project “nothing more than a massive giveaway to ...
commondreams.org/news/trump-golden-dome-cbo
US Debt Bomb: Treasury May Need Over $2 Trillion From Markets In Fiscal 2026 - JPMorgan Chase (NYSE:JPM)
benzinga.com/markets/treasuries/26/05/52404474/us-debt-bomb-treasury-may-need-over-2-trillion-from-markets-in-fiscal-2026
‘Any semblance of fiscal responsibility’ has been abandoned, says budget watchdog, as national debt creeps toward $39 trillion milestone
fortune.com/2026/05/05/semblance-fiscal-responsibility-committee-responsible-federal-budget-target-deficit/
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Is a global debt emergency on the horizon?
Big tech is borrowing at a historic pace to fund the AI race, while the US deficit nears $39 trillion ... Show more
OpinionJesse Kline: PBO report shows Carney's rolling the dice with our money: This government's lack of transparency does not inspire a lot of confidence
nationalpost.com/opinion/pbo-report-shows-carneys-rolling-the-dice-with-our-money
Key FactsUncertainties and Risks in Carney’s Financial Strategy
May 7, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: nationalpost.com
Summary created with AI assistance · Source: nationalpost.com
- The government aims to attract $1 trillion in investment over four years, with roughly 25% from Ottawa and the remainder from provinces and private investors.
- The Major Projects Office has yet to release progress reports, while housing starts continue to fall short of the government’s targets.
- Carney’s new sovereign debt fund will be fully financed through borrowing, increasing public debt and shifting investment risks onto taxpayers.
- Despite planned fiscal anchors like a balanced budget by 2028-29, ongoing spending increases and missing governance details undermine fiscal credibility.
taxpayers will be on the hook for the additional public debt charges and will assume a majority of the risk for the leveraged investment, while investors reap the rewards — a far cry from how the fund was pitched as an opportunity for average Canadians to gain 'a stake' in our shared future.— Ryan, the author of the PBO report cited in the article
Senate Republican on Trump ballroom push: ‘We have $39 trillion of debt’: Sen. Rick Scott (R-Fla.) is pushing back on a proposal to spend as much as $400 million ...
thehill.com/homenews/senate/5852331-rick-scott-trump-ballroom-national-debt/
Carney Liberals launching new skilled training strategy, deficit projected at $65.3B
cp24.com/news/canada/2026/04/28/carney-liberals-launching-new-skilled-training-strategy-deficit-projected-at-653b/
Jacinta Allan has a strange plan to reduce debt. It involves spending even more: The Victorian premier has outlined the principles of Allanomics ...
theage.com.au/politics/victoria/jacinta-allan-has-a-strange-plan-to-reduce-debt-it-involves-spending-even-more-20260428-p5zrm5.html
Canada's deficit lower than expected thanks to higher oil prices: The government says Canada's debt is 14% lower than projected earlier, with savings being used ...
bbc.com/news/articles/cz0278zyznjo
When interest on national debt overtook military spending, it triggered a limit where the U.S. may ‘cease to be a great power,’ warns Hoover historian
fortune.com/2026/04/23/national-debt-interest-military-spend-ferguson-law-geopolitical-power/
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Carney faces pressure to show results in spring fiscal update: former PBO: The spring economic statement comes one year to the day after the party secured a ...
globalnews.ca/news/11817830/carney-spring-economic-update-pressure/
Italy's 2025 deficit-GDP ratio confirmed at 3.1%, in blow to PM Meloni: Italy posted a budget deficit of 3.1% of gross domestic product last year ...
reuters.com/world/europe/italys-2025-deficit-gdp-ratio-confirmed-31-blow-pm-meloni-2026-04-22/
Australia’s debt hits $1 trillion this year - what did we spend it on?: Jim Chalmers’ fifth budget will confirm that Australia owes the world $1 trillion ...
smh.com.au/politics/federal/australia-s-debt-hits-1-trillion-this-year-what-did-we-spend-it-on-20260414-p5znwf.html
Geordin Hill-Lewis: Tackling the trust deficit in the DA: Geordin Hill-Lewis, the new leader of the DA, confronts a significant trust deficit within the party ...
iol.co.za/news/politics/2026-04-13-geordin-hill-lewis-tackling-the-trust-deficit-in-the-da/
Key FactsDA Leadership Meeting Sparks Possible Cabinet Changes
Apr 13, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: mg.co.za
Summary created with AI assistance · Source: mg.co.za
- Newly elected DA leader Geordin Hill-Lewis is scheduled to meet President Cyril Ramaphosa on Tuesday for an introductory discussion.
- An imminent reshuffle of DA ministerial roles is anticipated, with Solly Msimanga tipped for a potential cabinet position.
- Hill-Lewis stressed that party roles are performance-based and not guaranteed indefinitely to any individual.
- Despite criticism, former leader John Steenhuisen retains support due to his plan aiming for 80% vaccination against foot-and-mouth disease.
We have to back him in that plan. You don’t leave your team stranded in the middle of a war. So, we must support him and see this 80% vaccination target through. I’m comfortable that he has a plan and is starting to show progress and win against the disease.— Geordin Hill-Lewis, speaking to journalists in Soweto
Moroccan farms turn to West African migrants to plug labour deficit: Deep in Morocco's fertile heartlands, pickup trucks carrying migrants from sub-Saharan ...
reuters.com/sustainability/society-equity/moroccan-farms-turn-west-african-migrants-plug-labour-deficit-2026-04-17/
Trump proposes ‘historic’ defence spending budget, eyes 10% cut to federal programmes
timeslive.co.za/news/world/2026-04-04-trump-proposes-historic-defence-spending-budget-eyes-10-cut-to-federal-programmes/
Federal deficit could top $100B by 2035, economist warns: One of Canada's leading public finance experts is warning that Canada's already historic federal ...
nationalpost.com/news/canada/deficit-could-top-100b-by-2035-economist-warns
Plowshares into swords: Trump’s $1.5 trillion defense surge is the largest since World War II — and no one can explain how to pay for it
fortune.com/2026/04/03/trump-1-5-trillion-defense-budget-largest-since-world-war-ii/
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Trump Live Updates: White House Seeks $1.5 Trillion for Military Spending
nytimes.com/live/2026/04/03/us/trump-news
Trump’s $56 trillion problem is spiralling out of control: When he first became president in 2017, Donald Trump promised to eliminate US government debt within ...
theage.com.au/business/the-economy/trump-s-56-trillion-problem-is-spiralling-out-of-control-20260323-p5rmm4.html
‘This cannot be sustainable’: The U.S. borrowed $50 billion a week for the past five months, the CBO says
fortune.com/2026/03/10/treasury-debt-borrowing-five-months-deficit-warning/
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Michael Smolens: Did immigrants keep the U.S. from going bankrupt?: Cato Institute study finds immigrants reduced the U.S. debt by a third, or $14.5 trillion ...
sandiegouniontribune.com/2026/03/20/immigrants-may-have-kept-u-s-from-going-bankrupt/
$39 trillion national debt is ‘an embarrassing milestone,’ think tank says. ‘Clearly headed in the wrong direction’
fortune.com/2026/03/18/39-trillion-national-debt-embarrassing-milestone-headed-wrong-direction/
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UNITED24 Media Mar 03
Russia’s War Spending Reaches Levels Rare in the Post-WWII Era, German Intelligence Says
united24media.com/war-in-ukraine/russias-war-spending-reaches-levels-rare-in-the-post-wwii-era-german-intelligence-says-16415
2 DOGE staffers say 'no' regrets for people losing income, didn't reduce the deficit: Depositions
abcnews.com/Politics/2-doge-staffers-regrets-people-losing-income-reduce/story
The U.S. Treasury’s borrowing showed no signs of slowing as the U.S. headed deeper into fiscal year 2026, with the Congressional Budget Office (CBO) reporting ... Show more
PolandDaily24.com Mar 17
Two Months, PLN 48.5 Billion: Budget Deficit Sparks Concern: PLN 48.5 billion - | that is the size of the state budget deficit after just the first two months of ...
polanddaily24.com/two-months-pln-48-5-billion-budget-deficit-sparks-concern/news/67575
Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid
fortune.com/2026/03/02/how-much-interest-on-national-debt-do-taxpayers-pay/
Paid articlePaywallThe $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up
fortune.com/2026/03/11/national-debt-costs-homeowners-trump-tax-cuts-mortgage-rates/
Paid articlePaywall Interest on the $38.8 trillion national debt has tripled since 2020, and it already costs taxpayers more than defense and Medicaid
fortune.com/2026/03/02/how-much-interest-on-national-debt-do-taxpayers-pay/
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EWN Feb 25
Budget 2026: Godongwana says SA on the cusp of growth, thanks to austerity measures
ewn.co.za/2026/02/25/budget-2026-godongwana-says-sa-on-the-cusp-of-growth-thanks-to-austerity-measures
Key FactsCourt Upholds Wits Student’s Academic Exclusion
Feb 25, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: iol-944885620745.europe-west1.run.app
Summary created with AI assistance · Source: iol-944885620745.europe-west1.run.app
- The South Gauteng High Court dismissed a Wits student’s urgent application to overturn her 2026 academic exclusion.
- Mwaba completed 264 out of 432 required credits and did not pass essential second-year courses for her degree.
- University committees denied her readmission and appeal requests, citing insufficient academic progress.
- The court respected university autonomy and found no evidence of unlawful or unfair procedures in the exclusion decision.
There was no evidence that the respondents (Wits) acted irrationally or failed to follow procedures that afforded the applicant an opportunity to appeal.— Judge Shanaaz Mia, delivering the judgment in the South Gauteng High Court, Johannesburg
The Supreme Court Blew Trump’s Budget to Smithereens : The president was already doubling the budget deficit. With the high court’s tariff decision ...
newrepublic.com/article/206891/repeal-trump-tax-cut-tariffs
New US tariffs come in at lower 10% rate: Donald Trump tariffs: US imposes 10% duty on most imports under Section 122 after Supreme Court ruling ...
deccanherald.com/world/us/us-tariffs-come-in-at-lower-10-rate-3909939
Key FactsTariff Power Play
Feb 23, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: asiatimes.com
Summary created with AI assistance · Source: asiatimes.com
- The Supreme Court's 6–3 ruling found that using IEEPA to impose tariffs exceeded presidential authority and halted that unilateral tariff mechanism.
- Older statutes such as Sections 201, 232, 301, Section 122 and even a Smoot‑Hawley provision remain available as alternate legal bases for tariffs.
- Research indicates foreign exporters absorbed about 4% of tariff costs while roughly 96% was passed to US buyers, and trade volumes fell as imports declined.
- Despite the court setback, renewals, exemptions and shifts to other statutes allow the administration to maintain substantial tariffs through the remainder of the presidency and invite further legal challenges.
It’s my opinion that the Court has been swayed by foreign interests.— Donald Trump, in response to the Supreme Court ruling on tariffs
Key FactsMerkel’s China Visit Highlights Trade and Tech Challenges
Feb 26, 2026 · Reading time: ~45 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- Friedrich Merz toured Siemens Energy and a robotics firm in Hangzhou during his inaugural China visit.
- He pointed out issues caused by Chinese exporters' overcapacity affecting European markets.
- Germany plans to start regular government consultations with China by early 2027.
- Despite trade imbalances and access concerns, China remains a key partner due to its technological integration.
Above all, there are issues relating to competition - China has high capacities, some of which are now also posing a problem for Europe because they far exceed market demand.— Friedrich Merz, German Chancellor, during his two-day official visit to China in Hangzhou, addressing overcapacity concerns and its impact on Europe.
Trump’s action against Iran is yet another wobble for government debt, warns UBS: Military action in Iran over the coming month comes at a time when the U.S ...
fortune.com/2026/03/02/us-iran-conflict-deficits-spend-military-weapons-tariffs-ubs/
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Taiwan’s trade deficit with S Korea reaches record high | Taiwan News | Feb. 25, 2026 12:08
taiwannews.com.tw/en/news/6308494
Government invests R893-billion in manufacturing, SMEs and employment programmes: National Treasury is stepping in to stimulate the economy and fix the ...
dailymaverick.co.za/article/2026-02-25-government-invests-r893billion-in-manufacturing-smes-and-employment-programmes/
/file/attachments/orphans/ED_597582_885413.jpg)
Australians back hit to capital gains and negative gearing to pay for tax cuts: Australians believe Jim Chalmers should cut government spending and deliver tax ...
theage.com.au/politics/federal/australians-back-hit-to-capital-gains-and-negative-gearing-to-pay-for-tax-cuts-20260216-p5o2k9.html
Russian jets ‘dangerously’ intercepted RAF spy plane above Black Sea : The defence secretary announced Russian aircraft had 'repeatedly and dangerously' ...
itv.com/news/article
Kong logs HK$51 billion surplus ending three years of deficit: The Hong Kong government has recorded a budget surplus of HK$51.3 billion after three continuous ...
hongkongfp.com/2026/02/25/breaking-kong-logs-hk51-billion-surplus-ending-three-years-of-deficit/
tennisworldusa.org Feb 19
Carlos Alcaraz escapes Doha scare - Learning through suffering:
Carlos Alcaraz had to work hard against Valentin Royer in the second set of their Doha clash ... Show more
‘The fiscal trajectory is not sustainable’: CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit
fortune.com/2026/02/11/38-trillion-national-debt-fiscal-trajectory-not-sustainable-cbo-trump-deficit/
Paid articlePaywall Ontario finance minister says rate of health-care spending is ‘unsustainable’: In the buildup to the 2026 budget, Doug Ford's finance minister is raising ...
globalnews.ca/news/11669653/ontario-unsustainable-health-care-spending/
Nation’s taxpayers not enough to pay for ballooning deficits: State and federal budgets will have been in the red for 20 years by 2028. A new report says workers ...
smh.com.au/politics/federal/nation-s-taxpayers-not-enough-to-pay-for-ballooning-deficits-20260218-p5o38l.html
Social Security's main trust fund faces depletion in 2032, triggering benefit cuts
foxbusiness.com/politics/social-securitys-main-trust-fund-faces-depletion-2032-triggering-benefit-cuts
Public debt: A ticking time bomb about to explode?: Countries have sharply increased the money they owe to the markets, putting their own spending policies at ...
english.elpais.com/economy-and-business/2026-02-08/public-debt-a-ticking-time-bomb-about-to-explode.html
Labour Party leader Chris Hipkins joins Ryan Bridge TODAY to discuss the need for more infrastructure spending, Ryan asks about cycleways again.
Ontario not currently on path to balance, financial watchdog finds: The FAO found that the provincial government's budget deficit will increase to $11 ...
globalnews.ca/news/11663194/fao-path-balance-2026/
US budget deficit to keep growing amid Trump tax cuts, tariffs, CBO forecasts show
reuters.com/business/us-budget-deficit-grow-1853-trillion-fy2026-cbo-says-2026-02-11/
America borrowed $43.5 billion a week in the first four months of the fiscal year, with debt interest on track to be over $1 trillion for 2026
fortune.com/2026/02/10/government-borrowing-cbo-report-deicit-lending-interest/
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Provinces deliver Rs1.2 trillion to Centre as revenues slip: Punjab leads with Rs609bn cash surplus, followed by Sindh’s Rs354bn.
dawn.com/news/1971972/
businesstech.co.za Feb 03
South Africa could catch a big break this month: South Africa's 2026 Budget could be near, or even below, the projections set in the medium-term budget policy ...
businesstech.co.za/news/budget-speech/849709/south-africa-could-catch-a-big-break-this-month/
With funding pressures and tight finances, Gov. Shapiro to deliver budget address in Capitol
pennlive.com/politics/2026/02/with-funding-pressures-and-tight-finances-gov-shapiro-to-deliver-budget-address-in-capitol.html
Fiscal deficit narrows to 54.5% of FY26 target by December; receipts at 72% of budget estimate
financialexpress.com/business/news-fiscal-deficit-narrows-to-54-5-of-fy26-target-by-december-receipts-at-72-of-budget-estimate-4124476/
Trump’s own Big Beautiful Bill could add $5.5 trillion to the deficit and help sabotage his plan to ‘grow out’ of the national debt crisis
fortune.com/2026/01/26/trump-big-beautiful-bill-national-debt-crisis/
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Immigrants Saved American Taxpayers More Than $14 Trillion: New Report: Over 30 years, immigrants paid in more than they claimed back from U.S. federal ...
newsweek.com/immigrants-saved-american-taxpayers-financial-crisis-us-deficit-11460871
Budget 2026: What is fiscal deficit? Meaning, impact and why it matters to Union Budget
financialexpress.com/business/news/budget-2026-what-is-fiscal-deficit-meaning-impact-and-why-it-matters-in-union-budgetnbsp/4126329/
Economic Survey calls out ‘revdi’ culture – warns cash freebies could bankrupt states
financialexpress.com/india-news/economic-survey-calls-out-revdi-culture-warns-cash-freebies-could-bankrupt-states/4124117/
Budget 2026: Complete snapshot at your fingertips: Access the official 2026-27 fiscal data, including revenue projections and government expenditure highlights
forbesindia.com/article/budget-2026/budget-2026-complete-snapshot-at-your-fingertips/2990930/1
