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government budget balance

China sets lowest growth target in decades as consumption lags

China sets lowest growth target in decades as consumption lags

China set its lowest annual growth target in decades on Thursday, at 4.5-5 percent, as the government outlined plans to tackle sluggish consumption and a flagging property market. Beijing also used its showpiece annual political gathering to announce a seven percent increase in its defence budget, the second

Walter Schweitzer: Montana’s elected officials are failing citizens, and it’s time for change

Instead of investing in public institutions and infrastructure, creating fair tax codes, and supporting ag producers by incentivizing Montana food on local grocery store shelves and ensuring right to repair equipment, current lawmakers have sided again and again with big business and out-of-state corporations over their rural constituents’

International Monetary Fund says U.S. federal debt 'too big'

(The Center Square) – A report from the International Monetary Fund warns that U.S. debt is likely to remain elevated in the coming years, a risk for the U.S. and the global economy. "The conclusion is that the current account deficit is too big," IMF Managing Director

Hong Kong finance chief tips up to 3.5% growth this year

Hong Kong finance chief tips up to 3.5% growth this year

Hong Kong's finance chief tipped another year of economic growth in 2026 as he unveiled his annual budget on Wednesday with plans for investment in innovation zones and AI training. The Chinese finance hub's "buoyant" economy expanded a forecast-beating 3.5 percent last

Supreme Court reins in Trump on tariffs in split decision

(The Center Square) – The Supreme Court ruled Friday that President Donald Trump exceeded his authority by imposing billions of dollars in worldwide tariffs. The high court decision affects Trump's tariffs enacted under the 1977 International Emergency Economic Powers Act. Trump had used the law to impose tariffs on

Dalio backs bipartisan proposal to cap yearly U.S. budget deficits

(The Center Square) – Bridgewater founder Ray Dalio on Thursday backed a bipartisan proposal to cap annual deficits at 3% of gross domestic product, a resolution that would allow Congress to continue to spend more taxpayer money than it collects for years to come. House Resolution 981 would limit yearly deficits