July 7, 2025
Sydney 29

What is America Party? Elon Musk’s new political front amid fallout with Trump; vows to fight debt, waste and two-party control

Elon Musk, the world’s richest man and until recently a close adviser to US President Donald Trump, has announced the formation of a new political party called the America Party. The move follows a dramatic split between the two over Trump’s controversial tax-and-spending bill, which Musk says will bankrupt the country.The Tesla and SpaceX CEO […]

Pakistan’s tax exemptions hit $21 billion; exceed external debt repayments: Economic survey reveals

Pakistan’s tax exemptions to various sectors cost the country over $21 billion this year, more than the $17 billion it needs to repay in commercial and bilateral external debt, as revealed in the latest economic survey.Pakistan’s finance minister Muhammad Aurangzeb presented the Economic Survey of Pakistan 2024-25 on Monday, which outlines various economic developments and […]

US Congressional Budget Office’s warning: Trump’s big bill could raise national debt by $2.4 trillion; 10.9 million to lose health insurance

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 […]