Posts Tagged ‘spending’

Conservative nonprofit didn’t disclose some political spending, filings show

A conservative advocacy group leading the effort to torpedo top Biden administration nominees has failed to disclose some spending on political ads, a move experts say could complicate its tax-exempt status. The organization, the American Accountability Foundation, reported no spending on lobbying or advertising in 2021 and 2022, according to filings obtained through ProPublica’s nonprofit […]

China Steps Up Military Spending

According to SIPRI data, China has increased its military expenditure by almost 900 percent since 1992. As Statista’s Katharina Buchholz notes, at around $300 billion in 2022, the Chinese spent significantly more than the Russians (around $72 billion), but their spending was still well below that of the U.S. (around $812 billion). China is the second-biggest spender […]

“A Pork Fest Of Epic Proportions”: Congress Passes Spending Package To Avert Shutdown

By Jacob Burg of The Epoch Times Speaker of the House Mike Johnson (R-La.) makes a statement alongside (L–R) Rep. Mike Turner (R-Ohio), Mike Rogers (R-Ala.), and Mike McCaul (R-Texas) outside the White House on Jan. 17, 2024. (Samuel Corum/Getty Images) The Senate passed six government funding bills on March 8 to avoid an impending […]

Report: Nikki Haley is CANCELING all ad spending for her failed campaign

Former South Carolina Gov. Nikki Haley appears to be canceling all her spending for advertisements, according to a report. Fox News initially touched on the matter in the form of a conversation between the network’s Bill Hemmer and Bret Baier. Hemmer opened the conversation by asking Baier if the rumors were true that Haley may […]

Live Nation doubled lobbying spending to $2.4M in 2023 amid antitrust threat

Live Nation Entertainment more than doubled its federal lobbying spending to $2.4 million in 2023 from $1.1 million in 2022 as it navigated legislative and regulatory efforts to break up its power in the live entertainment and ticketing industry. The lobbying blitz comes on the heels of the infamous Taylor Swift “Eras Tour” presale that… […]

House Republicans poised to add controversial riders to annual spending bills

House Republicans are focusing their gaze on securing partisan policy changes that Democrats are decrying as nonstarters as a fight over government funding heats up on Capitol Hill.   Both chambers are ramping up talks on the 12 annual government funding bills after top negotiators struck a bipartisan deal on how to divvy up dollars for… […]

Walmart stock plummets amid corporate warning that consumer spending is slipping

The world’s largest retailer failed to deliver this week on its reported Q3 results, which were dismal and point to rapidly deteriorating consumer spending across America. Walmart reported earnings that generally beat on revenue and earnings, but Wall Street was expecting more, which sent the company’s stock tumbling. Discretionary purchases are down in general, which […]

Target CEO warns that shoppers are spending less because of budgetary concerns

Former Walmart CEO Bill Simon recently warned that American consumers are nearing a “breaking point.” Now, it’s Target CEO Brian Cornell’s turn to warn about the cutback in consumer spending. In an interview with CNBC‘s Becky Quick on “Squawk Box,” Cornell talked about Target’s challenges, including the cash crunch facing consumers amid high inflation. Cornell also shed […]

Doug Casey: Entitlements, excessive defense spending and high federal debt interest push U.S. to brink of bankruptcy

Doug Casey: Entitlements, excessive defense spending and high federal debt interest push U.S. to brink of bankruptcy There are a lot of indicators that the Americans’ fear of the imminent bankruptcy of the United States is coming sooner than later. The U.S. government’s budget is the biggest in the history of the world and is […]

Rand Paul On Spending Bill: “It Is About Damn Time To Pay For Something Around Here”

Senator Rand Paul slammed Mitch McConnell Tuesday, noting that the Senate Minority leader is supporting Joe Biden and Chuck Schumer by adopting a “kitchen sink” approach to spending, instead of stripping funding from Biden’s bloated Inflation Reduction Act. Appearing on Fox Business, Paul expressed support for the new House Speaker Mike Johnson’s move to pass a standalone […]

Key Republican thinks it’s ‘futile’ to bring up agriculture spending bill again 

Rep. Andy Harris (R-Md.), the chair of the subcommittee that crafted the House GOP’s annual agriculture funding bill, is casting doubt on the legislation’s chances of passage this month amid divisions on abortion and spending.  House Republicans had hoped to pass their remaining annual government funding bills by a looming Nov. 17 deadline to prevent a shutdown, as… […]

PwC Finds One-Third Of Britons Plan To Slash Holiday Spending

PwC Finds One-Third Of Britons Plan To Slash Holiday Spending A new PricewaterhouseCoopers LLP survey reveals nearly a third of British consumers are expected to reduce spending this holiday season due to a cost of living crisis that continues to wreck household finances, according to Bloomberg.  PwC’s survey indicated that nearly 80% of those planning to cut […]

Biden: McCarthy making a ‘terrible bargain’ with ‘MAGA Republicans’ in spending fight

President Biden had harsh words for House Speaker Kevin McCarthy, saying he made a “terrible bargain” with the conservative wing of his party in a battle over spending which has made a government shutdown likely. Biden, in an upcoming interview, argued McCarthy is making a deal with “MAGA Republicans” — which have been loyal to… […]

BREAKING: House Republicans Fail to Pass Short-Term Spending Bill as Government Shutdown Looms

BREAKING: House Republicans Fail to Pass Short-Term Spending Bill as Government Shutdown Looms Source

Gaetz: If McCarthy ‘Embraces’ Biden’s Spending Levels, It Will Likely ‘Trigger a Motion to Vacate’

Representative Matt Gaetz (R-FL) said Friday on CNN’s “Primetime” that if House Speaker Kevin McCarthy (R-CA) attempted to pass a continuing resolution at the current spending levels, it would “most likely trigger” a motion to vacate. Source

House GOP reports progress in spending talks as some holdouts relent

House Republicans reported major progress charting a path forward on a partisan bill to avert a government shutdown and a Department of Defense spending bill — two measures that suffered public setbacks just a day before — after Speaker Kevin McCarthy (R-Calif.) hashed out a new framework for a GOP-only stopgap proposal in a House… […]

Senate Democrats lambaste House GOP spending bill: ‘not a serious proposal’

Senate Democrats on Monday universally panned the stopgap spending bill rolled out over the weekend by House Republicans, further increasing the chances of a government shutdown as both chambers remain stuck with less than two weeks before the deadline for an accord. Top Democrats did not mince words about a proposal cobbled together by the… […]

House Conservatives Press GOP to Use Leverage in Spending Negotiations

House Republicans are pressuring their colleagues to block radical Biden administration excesses and advance priorities like border security. Source

Massive government spending is keeping inflation high, warns market expert

(NaturalNews) The government is not getting its massive spending under control, and this could undermine the Federal Reserve’s ongoing fight against… Source

‘On what planet is that fiscally responsible?’ GOP spending cuts would kill 500,000 jobs

“Even by the low standards of Congress in 2023, it’s shocking how quickly House Republicans ripped up their end of the bargain that steered the country clear of default last month.” Source

‘Five-alarm fire’: GOP adds over 200 poison pills to House spending bills

“We cannot allow policy that harms regular people, threatens our rights, hurts the environment, and does any number of other terrible things to ride along with the appropriations package,” said Public Citizen’s Lisa Gilbert. Source

Back-To-School Spending Set To Drop For First Time In Nearly A Decade

“According to a Deloitte survey released on Wednesday, back-to-school (BTS) spending, the second-largest spending event for families after the holiday season, is anticipated to decline for the first time in nine years.” Seriously folks! How many “school supplies does your child need to watch videos on how to masturbate and take it up the ass […]

See You Next Tuesday: Trump Is Spending His Weekend Preparing to Face Criminal Charges

This content comes from the latest installment of our weekly Breaking the Vote newsletter out of VICE News’ D.C. bureau, tracking the ongoing efforts to undermine the democratic process in America. Sign up here to get it in your inbox every Friday. Big, admittedly dense newsletter this week. There’s a lot to get to. Aside […]

Khanna: Spending During COVID Is a Factor in Record Inflation, But We ‘Needed’ Spending ‘in Part to Get out of the Recession’

On Thursday’s broadcast of the Fox News Channel’s “America Reports,” Rep. Ro Khanna (D-CA) stated that massive spending during the coronavirus pandemic under Presidents Donald Trump and Joe Biden is a cause of the highest inflation in forty years, but Source

Biden Administration Wants to Boost Defense Spending to Nearly $900B

The Biden administration released its nearly $7 trillion 2024 budget request to Congress on Thursday, which included $886 billion for defense — a 3.2 percent boost from the prior year’s defense budget. Source

“Not A Sustainable Model”: AZ Hospital ‘On Brink Of Collapse’ After Spending $20 Million On Migrants

In his State of the Union address on Tuesday night, White House occupant Joe Biden shifted from condemning “MAGA extremists” to putting forward his own “Buy American” MAGA agenda. Biden said he’s ordering all future federal infrastructure projects “to be made in America.” “Buy American has been the law of the land since 1933,” Biden […]

Egypt orders ministries to curb spending amid foreign currency crunch

Egypt's government has instructed ministries to cut non-essential spending until the end of the fiscal year in June as it tries to cope with continuing pressure on its currency and rising inflation, Reuters reports. The decision, dated 4 January and published in the official gazette this week, includes the postponement of any new national project heavily […]

$1.7 trillion spending bill requires platforms to verify ID of those earning $5,000 revenue per year

And once that happens, it will bring into force proposed legislation introduced last year, INFORM Consumers Act, designed to regulate a sensitive segment of online marketplaces, delving deep into and disclosing sellers’ personal data under some circumstances. Source

Christmas thrift: Austrians cut festive spending due to inflation

Faced by rising bills and prices, Austria’s Christmas shoppers are tightening their bets, according to retailers who warn of jop cuts next year. Source

Congress Braces for Long, Cold Winter Night to Pass Omnibus Spending Plan Before Christmas

Congress is bracing for a long, cold winter night in Washington, DC, as outgoing House Speaker Nancy Pelosi (D-CA) is determined to pass the Democrats’ $1.7 trillion omnibus spending plan before lawmakers leave town for Christmas. Source

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