The non-oil revenue growth helped soften the blow of a 29% drop in oil income, easing pressure on Saudi Arabia’s Q2 2025 budget deficit/ Image: Saudi Arabia Ministry of Finance In a significant financial development for Saudi Arabia, non-oil revenues in the second quarter of 2025 rose sharply by 7 percent, reaching SR149.861 billion ($39.9 […]
Donald Trump announces a ‘pro-family’ legislation US President Donald Trump has unveiled a federal plan to boost future financial security for the next generation.The initiative includes opening $1,000 investment accounts for every American baby born between 2025 and 2029, reports the Guardian. The MAGA supremo describes this move as “a pro-family” effort, which is part […]
California governor Gavin Newsom (AP) California governor Gavin Newsom on Friday signed a $321-billion budget that rolls back several progressive initiatives, including a major healthcare expansion for low-income undocumented immigrants, in a bid to bridge a $12-billion budget deficit.This marks the third consecutive year that America’s most populous state has been forced to cut or […]
Japanese PM Shigeru Ishiba (left) and US President Donald Trump (PTI) Japan has cancelled a high-level meeting with its closest ally United States, after the Trump administration abruptly demanded Tokyo to spend more on defence, reported The Financial Times on Friday.US secretary of state Marco Rubio and defence secretary Pete Hegseth were expected to meet […]
Rand Paul said he only agrees with Donald Trump when the president calls his wife beautiful. Kentucky Senator Rand Paul has been at odds with President Donald Trump on the spending bill as Paul sided with Elon Musk on this issue of calling the bill abominable. But his wife, political consultant Kelley Paul, appeared to […]
President Trump’s bill proposes significant cuts to the US’s largest food aid program — SNAP — impacting millions of people (Image credit: AP) US President Donald Trump‘s recently introduced “Big Beautiful Bill” proposes significant cuts to federal spending on one of the largest food aid programs — the Supplemental Nutrition Assistance Program (SNAP) for low-income […]
SpaceX, left, and Elon Musk (Image credits: X @SpaceX) About $22 billion in government contracts held by SpaceX are now in jeopardy, with several US space programs potentially facing major disruptions following a heated public feud between the space company founder Elon Musk and US President Donald Trump on Thursday. Trump claimed that ending Musk’s […]
The independent US Congressional Budget Office (CBO) announced on Wednesday that the comprehensive Republican legislation for tax reductions and federal programme cuts would potentially increase the national debt by $2.4 trillion in the next ten years. This analysis, reported by the New York Times, raised concerns about excessive government borrowing under President Donald Trump‘s domestic […]
Samoan Prime Minister Afioga Fiamē Naomi Mataʻafa (left) (Image credit: AP) Samoa ‘s Prime Minister said she would seek to dissolve Parliament, prompting an early election, after a vote on her government’s budget for the next year failed Tuesday. Fiamē Naomi Mata’afa’s admission of defeat followed months of political havoc in the South Pacific island […]
At 1,116 pages long, Trump’s latest tax plan promises sweeping changes, but not everyone comes out on top. US President Donald Trump’s massive new tax proposal, titled the One Big Beautiful Bill Act, is making waves in Washington. The bill passed the House of Representatives by a razor-thin margin of 215–214 on Thursday.It now moves […]
