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Government Spending

All articles tagged with #government spending

Saudi govt freezes consultancy payments amid spending review
business4 days ago

Saudi govt freezes consultancy payments amid spending review

Saudi Arabia ordered a temporary freeze on payments to strategy advisers, management consultants, and law firms across ministries and the Public Investment Fund as it weighs the economic impact of the Iran war; the order covers existing contracts and halts new consulting work until the end of June, with possible exemptions and some firms continuing short-term assignments, while the finance ministry says most invoices are paid within contractual terms.

via Semafor|
#business#consultancy-payments#government-spending
Ontology moat could power Palantir's upside, says Oppenheimer analyst
market-news22 days ago

Ontology moat could power Palantir's upside, says Oppenheimer analyst

An Oppenheimer analyst initiated Palantir (PLTR) coverage with an Outperform rating and a $200 target, arguing Palantir’s Ontology moat, growing U.S. government AI software spending, and an expanding commercial base justify a premium. With government and commercial opportunities expanding (government software spend expected to reach about $666B by 2029 and a $2.1T commercial TAM by 2030), Palantir’s land-and-expand strategy supports bullish momentum, while the market remains mindful of valuation. The stock carries a Moderate Buy consensus and about 31–38% upside to a near-term target.

via TipRanks|
#government-spending#market-news#ontology
Cap Social Security at $100K for the wealthiest retirees, editors say
opinion2 months ago

Cap Social Security at $100K for the wealthiest retirees, editors say

The Washington Post Editorial Board argues that with a looming federal debt and large deficits, Social Security is projected to pay six-figure benefits to some wealthy seniors; capping benefits for the wealthiest retirees (starting at $100,000 annually) would be a prudent first step in reforming the program and slowing spending.

via The Washington Post|
#compensation-and-benefits#fiscal-policy#government-pensions-and-social-security
California faces multimillion-dollar bill to scrub Cesar Chavez legacy
politics2 months ago

California faces multimillion-dollar bill to scrub Cesar Chavez legacy

California faces a multi-million-dollar bill to erase Cesar Chavez’s legacy from schools, streets, and monuments as statues are removed, street signs are changed, and murals are covered; costs depend on ownership with local governments and school districts bearing much of the burden, and early estimates suggest the total could exceed $10 million if scaled widely. Examples cited include Fresno’s about $142,000 for sign changes and San Francisco’s near $900,000 historically for lengthy renaming, while Los Angeles has renamed Chavez Day to Farm Workers Day, signaling broader shifts toward the labor movement.

via New York Post|
#california#cesar-chavez#government-spending
Scunthorpe steel bailout could cost taxpayers up to £1.5bn by 2028, says NAO
business2 months ago

Scunthorpe steel bailout could cost taxpayers up to £1.5bn by 2028, says NAO

The National Audit Office warns that the government’s rescue of Scunthorpe’s blast furnaces could top £1.5bn by 2028 if current costs persist, with £377m already spent on a loan to British Steel. The intervention saved thousands of jobs and protected primary steel-making, but total costs could rise further due to potential compensation to Jingye, sale costs, and the expensive transition to greener electric-arc furnaces, all while the DBT has no repayment schedule and faces trade-offs with other spending.

via The Guardian|
#blast-furnaces#british-steel#business
Patel’s Public Duties, Private Pleasures Under Scrutiny
politics3 months ago

Patel’s Public Duties, Private Pleasures Under Scrutiny

The piece questions whether Kash Patel has blurred the lines between FBI business and personal life, citing a video of him celebrating Team USA with beer after the Milan game and detailing prior taxpayer-funded travel during the government shutdown. It links Patel’s Italy trip and social-media posts to a broader pattern of mixing private interests with official resources, comparing the situation to GSA misconduct cases and noting calls for accountability—though his spokesman denies the claims and officials say the official purpose of the trip is unclear.

via The Dispatch|
#ethics#fbi#government-spending
politics3 months ago

GOP seeks bipartisan route to push through spending package and avert shutdown

House GOP leaders plan a Monday vote on a broad spending package, likely via suspension of the rules to secure bipartisan support and avert a partial shutdown; the package would fund DHS for two weeks to buy time for guardrails on immigration, while Democrats stay wary and conservatives push for amendments—complicating passage as Senate leadership signals willingness to move forward and Johnson’s thinner margin from a Texas runoff adds pressure.

via Politico|
#bipartisan#government-shutdown#government-spending
Johnson bets on a take-it-or-leave-it six-bill package to dodge the shutdown
politics-and-policy4 months ago

Johnson bets on a take-it-or-leave-it six-bill package to dodge the shutdown

House Speaker Mike Johnson plans to beat the January shutdown deadline by using a rule to merge the four remaining spending bills into a single six-title minibus, then forcing a Senate vote with a take-it-or-leave-it option, while giving Democrats a separate floor vote on Homeland Security funding. The approach has mixed support in the Senate and among Democrats, but Johnson argues the calendar gives Republicans leverage as they push the package through.

via Axios|
#appropriations-law#axios-today#border-security
Senate Clears Three-Bill Funding Package, Sends Plan to Trump
politics4 months ago

Senate Clears Three-Bill Funding Package, Sends Plan to Trump

The Senate approved an 82-15 vote on a three-bill package funding Commerce, Justice, Interior and the EPA, sending it to President Trump as lawmakers rush to complete annual funding before the Jan. 30 shutdown deadline; six more bills remain, including Homeland Security, whose funding is stalled over ICE accountability measures following a Minnesota shooting.

via CBS News|
#appropriations#budget-process#government-spending