A US Government Accountability Office report found that billions in federal budget savings claimed by the now-defunct Department of Government Efficiency were incorrect or lacked supporting evidence.
Australian political updates covering Energy Minister Chris Bowen's solar scheme expansion, delayed migration policy speeches by Tony Burke, debates over gambling advertising legislation, and tax changes.
Moscow sends 68% of its tax revenue to the federal budget, with receipts 1.5 times larger than total transfers to all Russian regions, Mayor Sergey Sobyanin said at a forum.
Russia's federal budget deficit hit 5.73 trillion rubles ($75 billion) in the first half of 2026, a 2.35 trillion ruble increase from the previous year. The Finance Ministry attributes the rise to advance financing of expenditures, despite a 5.8% increase in revenues.
International news snippets reveal a complex geopolitical landscape: Trump signals continued US commitment to NATO and arms sales to allies, while the Kremlin accuses the US and Europe of direct participation in the war against Russia. Iran vows retaliation against the US, and tensions rise in the Strait of Hormuz amid US strikes. Meanwhile, Serbia faces pressure over sanctions, and a South Korean court sentences a former president.
Private investment in Russia's rocket and space industry is projected to surpass 100 billion rubles ($1.3 billion) by 2030, according to Roscosmos Deputy General Director Grigory Maximov. He noted that private companies understand market dynamics and potential returns. In 2026, 5 billion rubles from the federal budget were allocated for Earth remote sensing imagery.
US Second Lady Usha Vance and VP JD Vance used her $8.75 Old Navy maternity dress to mock a NYT column analyzing its "political symbolism," framing the exchange as a statement on fiscal restraint and working-class values.
Australian media outlets are embracing video content, while 2SER community radio has found a new funding model, and Politico is establishing an Australian outlet
The Albanese government's budget faces ongoing criticism, notably for disproportionately cutting support for Australians with disabilities, while concerns for the wealthy dominate public empathy.
Prime Minister Anthony Albanese passionately defended Labor's proposed tax reforms, including changes to negative gearing and capital gains tax, stating they aim to rebalance the housing market for first-home buyers and support aspiration for all Australians. He faced criticism but received a standing ovation at a state conference.
Shadow treasurer Tim Wilson has called the federal budget an 'economic earthquake' and discussed Paul Keating's criticism of the Coalition's response to Labor's tax reforms. He also defended Angus Taylor's controversial migration policy.
Reserve Bank of Australia raises cash rate for third consecutive meeting as governor says increases ‘are not going to do anything for inflation’ in next six monthsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastUse our loan calculator to see how rate hikes could affect youThe Reserve Bank governor has said surging oil prices in the wake of the US-Israel war on Iran have made Australians poorer with “no way out”, after handing down an interest rate rise and warning more hikes could be needed.A week out from the federal budget, Michele Bullock also warned inflation would get worse if governments’ cost-of-living relief was not “targeting where it’s most needed”. Continue reading...
U.S. public debt has crossed the size of the U.S. economy on a calculation from the Committee for a Responsible Federal Budget, giving Bitcoin's hard-money case a live fiscal benchmark as investors weigh scarce assets against Washington's debt path. CRFB said debt held by the public reached $31.27 trillion at the end of the first […] The post America’s $31.27 trillion in debt now exceeds GDP – silently reinforces the case for Bitcoin appeared first on CryptoSlate.
