The UK's finance minister, Rachel Reeves, recently shared a grim view of the economy, even though she had access to forecasts that suggested a brighter outlook for public finances. This discrepancy was highlighted in a letter from the Office for Budget Responsibility (OBR), released on a Friday. In
The UK's finance minister, Rachel Reeves, recently shared a budget plan that includes several tax changes. These changes aim to bring in more money for the government. The Office for Budget Responsibility (OBR) shared some details ahead of time, calling it a "technical error" later. One big change
In the UK, business leaders are urging Finance Minister Rachel Reeves to make tough decisions in the upcoming budget. The Confederation of British Industry (CBI) chief, Rain Newton-Smith, will criticize Reeves for not involving businesses in key discussions about energy costs and labor reforms. She
Chicago has a new plan to keep its public transport running smoothly. The idea is to use money that is already being collected, instead of asking people to pay more in taxes. This plan is expected to bring in about $1. 5 billion every year. Most of this money will come from sales tax on fuel and som
In the UK, big changes might be coming to taxes. The finance minister, Rachel Reeves, has a tough job. She needs to find more money. She wants to raise about 30 billion pounds every year. This is to keep the country's finances stable and to avoid problems with investors. Reeves has said she will lo
The idea of taxing the wealthy to fund tax cuts and spending reductions has sparked debate among Republicans. This discussion comes as they struggle to find $1. 5 trillion in spending cuts to balance out the tax reductions they want to make permanent. The former president has suggested that he woul
Mayor Brandon Johnson and his allies decided to delay the final vote on the 2025 budget until Monday, instead of voting as expected on Friday. Johnson's budget plan includes a $68. 5 million property tax hike and other fee and tax increases. This decision follows an extended and contentious budget s
Auma Obama, the half-sister of former US President Barack Obama, found herself in the middle of a tense situation while being interviewed in Kenya. During the interview with CNN's Larry Madowo in Nairobi, she was caught in the crossfire of tear gas aimed at protesters. The protests were sparked by p
