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#budget

61 posts42 participants0 posts today

#Economy #inflation #Budget #Tariffs #GoldmanSachs #alt

Arron Parnas 7/23/25
U.S. No.Economy Expected to Slow

The U.S. economy is expected to slow significantly, with GDP projected to grow just 1.1% annually through 2025 due to the inflationary impact of rising tariffs, which Goldman Sachs forecasts could hit an effective rate of 15%; consumer spending remains weak, inflation is projected at 3.3% for 2025, and recession risk is estimated at 30%.

Réforme de l'assurance-chômage : baisse de la durée maximale d'indemnisation et rupture conventionnelle dans le viseur

Réformé à 2 reprises sous #macron #Bayrou a proposé, lors de la présentation,mi-juillet,de sa feuille de route pour le #budget 2026,de nouvelles modifications concernant les droits au chômage des Français, malgré l'opposition des syndicats. franceinfo.fr/economie/emploi/

#FranceTravail victime d'une nouvelle #cyberattaque franceinfo.fr/internet/securit

Continued thread

Under the #Constitution, that #power is afforded to #Congress. But #Trump & #RussVought have sought to reconfigure the #budget on the *premise* that they have expansive authority to act on their own, a position echoed by some #Republicans in Congress [only when they’re in power].

Last week, Republicans approved a set of #spending #cuts formally sought by the White House, revoking $9B in enacted funding for #PublicBroadcasting & #ForeignAid.

Continued thread

#RussVought, the White House #budget director, has strenuously denied any wrongdoing, arguing that the admin seeks to manage taxpayer dollars more effectively. He & his deputies have also initiated a series of attacks on the #GAO, deriding it as partisan [ridiculous] & publicly refusing to comply w/some of its investigations.

A federal watchdog has opened dozens of investigations to determine if #Trump & his top aides have illegally withheld billions of dollars in congressionally approved funds.

Now, #Republican lawmakers are working alongside the White House to stymie those inquiries & the officials conducting them, in a move that could help Trump seize more control over the nation’s #budget.

#law #ExecutiveBranch #AbuseOfPower #Project2025 #RussVought
nytimes.com/2025/07/22/us/poli

White House officials including Russell T. Vought, its budget director, are targeting the Government Accountability Office, a nonpartisan agency that helps Congress parcel out money more effectively.
The New York Times · White House Pushes to Block Government Accountability Office Inquiries Into Its CutsBy Tony Romm

Just 9 households own 15% of the wealth of US Big Tech hub Silicon Valley.

A mere 0.1% of residents hold 71% of Silicon Valley's wealth.

At the same time, 110,000 households reported nearly none or no assets.

theguardian.com/us-news/2025/j

#cdnpoli #tiktok #tech #siliconvalley #ai #economy #budget #billionaires #techbros #oligarchy #plutocracy #democracy #usa #canada #austerity #health #inequality @blackmastodon #politics #eu
#finance #socialwork #geopolitics @politics @socialsciences @humanities

“The First Crack in NATO’s Fortress? Slovenia Opens the Referendum Conundrum”

by Biljana Jankivska in Ssvage Minds on Substack

@BBC5Live
@BBCRadio4
@guardian @Independent @thetimes

“Let the games begin. Let the debate finally open, whatever the motives behind it.

Sometimes it takes a small state to shift the scales of public opinion across an entire continent”

open.substack.com/pub/savagemi

Savage Minds · The First Crack in NATO’s Fortress?By Biljana Vankovska
#Press#NATO#Empire

​As people, Elon Musk and Russ Vought ​could hardly be more different. But ​they share a determination ​to shrink government. And M​r. Vought’s power to do it, as the Trump administration’s budget director​, is enormous. #Trump #Budget #RussVought

csmonitor.com/USA/Politics/mon

Posted into Now What? @now-what-csmonitor

The Christian Science Monitor · Our breakfast with Trump budget mastermind Russ VoughtBy Linda Feldmann

Elle a osé le dire: "Il ne faut pas seulement dire aux entreprises qu'on les aime, mais leur donner des preuves d'amour", déclare Amélie de Montchalin. 211 milliards d'euros d'aides sans contreparties n'ont pas suffit? Dommage que Macron ne sache pas donner de preuves d'amour aux Français...