WASHINGTON — President Biden will ask Speaker Kevin McCarthy, Republican of California, on Wednesday for details on what budget cuts his party is demanding in order to raise the federal debt limit and for assurances that Mr. McCarthy will not accept an economically debilitating government default, White House officials said. …
Read More »Record-Breaking Defense Budget Still Does Nothing to Help Soldiers Who Can’t Afford Enough Food
Our proxy war in Ukraine with Russia, rising tensions with China, and Congress’ attachment to the military-industrial complex allowed the birth of the biggest, ugliest defense budget seen in generations. This year Congress overwhelmingly passed a record-setting $858 billion defense budget and did so in and almost celebratory manner. You’d …
Read More »Jim Jordan Leaves Open Possibility for Cuts to Bloated Pentagon Budget
After a week of debate and negotiations, we have a Speaker of the House. As of yesterday, we now have an approved rules package, and now the ‘work’ of our elected Representatives begins – or at least is supposed to. Making headlines, Congressman Jim Jordan of Ohio ran the Fox …
Read More »My life in budget holidays has been a priceless experience
In the depths of winter, in the midst of a cost of living crisis, I bring glad tidings. That ultra-shoestring-budget holiday you’re resigning yourself to this year? Add a splash of creativity and it’ll turn out way better than you think. As an author who has spent most of his …
Read More »Humanitarian minister denies padding her ministry’s budget
Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Farouq, has denied adding N206bn to her ministry’s budget. Appearing before the Senate Committee on Special Duties on Monday, November 21, to defend the 2023 budget, Farouq said the ministry requested some projects for the North East Development Commission and …
Read More »2023 Budget: Buhari’s Minister Accuses Finance Ministry Of Budget Padding
Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, on Monday, denied inserting N206 billion into the ministry’s 2023 budget estimates. Naija News reports that the Minister distanced herself and her ministry from the insertion while speaking at a budget defence session with the Senate Committee on …
Read More »If Budget Deficits Caused Inflation, There Would Be No Budget Deficits
By John Tamny for RealClearMarkets At risk of being called a “name dropper,” I’ll name drop Arthur Laffer. I’m lucky enough to call him a friend, and whenever I see him I always remind him that he’s vastly improved the terms of the economic debate. Think about it. Laffer’s calls …
Read More »NDLEA denies making request for sniffer dogs in 2023 budget
The National Drug Law Enforcement Agency, NDLEA, has denied reports of making requests for sniffer dogs in the 2023 budget. Recall that the chairman of the agency, Buba Marwa, appeared before members of the House of Representatives Committee on Drugs and Narcotics to defend the 2023 budget of the agency. …
Read More »Grey gap year: the over-60s with a taste for travel on a budget
David and Viv Boardman have just arrived in Germany after a long bus-ride between Lille and Dusseldorf. They’re in the middle of a five-month stint backpacking around Europe, America and Australia, deciding where to go a week in advance, and they’ll return home when their money runs out. They haven’t …
Read More »UK’s Kwarteng out as Truss plans ‘mini budget’ U-turn
DEVELOPING STORYDEVELOPING STORY, Prime Minister Liz Truss fires Chancellor Kwasi Kwarteng ahead of expected U-turn on tax cut package. British Prime Minister Liz Truss has dismissed her chancellor ahead of an expected announcent on changes to an economic package that triggered turmoil in financial markets. Kwasi Kwarteng confirmed that he …
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