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Spending

All articles tagged with #spending

Microsoft Staff Track AI Spending Reveals Wide Variability Across Teams
technology17 hours ago

Microsoft Staff Track AI Spending Reveals Wide Variability Across Teams

Microsoft is piloting an internal AI usage and spending tracker; analysis of about 350 self-reported entries shows a median AI spend of around $300 over the last 28 days, with some employees spending up to $28,000. Data are self-reported and not official, and there’s no clear link between AI usage and pay raises or promotions, reflecting broader Big Tech efforts to measure AI consumption as investment in AI infrastructure continues.

via Business Insider|
#ai-usage#internal-tool#microsoft
How a $40 Trillion U.S. Debt Could Lift Your Mortgage and Loan Costs
economy4 days ago

How a $40 Trillion U.S. Debt Could Lift Your Mortgage and Loan Costs

The U.S. national debt has topped $40 trillion, and rising borrowing costs could push mortgage rates and other loan costs higher as Treasury yields climb. Larger interest payments threaten fiscal room for priorities and could feed inflation if the debt is monetized; with deficits driven by tax-and-spending policy, economists say the path forward requires slower spending growth and higher revenue, though political stalemate persists.

via Axios|
#debt#economy#inflation
GAO Finds Musk-Backed Government-Cutting Effort Overstated Savings
politics-and-government15 days ago

GAO Finds Musk-Backed Government-Cutting Effort Overstated Savings

A Government Accountability Office audit concluded Elon Musk's Department of Government Efficiency failed to deliver its promised savings, with roughly half of the claimed $61 billion in contract savings unverified or based on contracts that were not actually terminated, and grant savings largely unverified, raising questions about the program's credibility and impact.

via Yahoo|
#contract-terminations#elon-musk#gao
politics17 days ago

GOP Unveils Third-Party Spending Blueprint Ahead of Recess, Expected to Fail

Senate Republicans rolled out a budget blueprint to unlock a third party-line funding bill—covering defense, farm and election-related priorities—but the plan is not expected to clear the 50-vote threshold before a five-week recess. The day also saw Todd Blanche confirmed as attorney general in a 50–49 vote amid GOP concerns, while lawmakers moved toward a stopgap funding measure to avert an October shutdown and delayed action on a landmark crypto bill and a college-sports measure until after the break.

via Politico|
#attorney-general#budget#politics
politics21 days ago

Senate nudges stopgap funding forward to avert October shutdown

The Senate voted 89-4 to advance a stopgap funding bill that would keep federal agencies funded through December 11 at current levels, buying time to avert a government shutdown on Oct. 1 and paving the way for a final vote after lawmakers strike a bipartisan time agreement; the House has a different version, so identical passage is required. The measure also blocks any Trump administration plan to put political appointees in charge of grant approvals and withholds new funding for immigration enforcement during the stopgap, while separate debates over SNAP costs and the farm bill continue.

via Politico|
#bipartisan#funding#politics
Canada-to-US travel slump weighs on tourism revenue in 2025
business28 days ago

Canada-to-US travel slump weighs on tourism revenue in 2025

Statistics Canada data show Canadians reduced trips to the U.S. by 7.1 million in 2025 as U.S.-bound travel spending fell to C$18.8 billion from C$22.1 billion, with leisure travel driving much of the decline; Canadians redirected to domestic trips (up about 5 million) and overseas travel (up about 1.3 million), while auto travel rose and air travel lagged. The shift followed early-2025 U.S. policy changes and sentiment, though April–June data suggest the decline may be leveling off. White House comment was not immediately available.

via Axios|
#business#canada#spending
Trump presses GOP to back SAVE America Act amid spending showdown
politics1 month ago

Trump presses GOP to back SAVE America Act amid spending showdown

President Trump is pressing House Republicans to pass the SAVE America Act as a GOP revolt over a $95 billion spending framework intensifies, with the national debt around $39.5 trillion. The bill seeks to tighten election security (voter ID, proof of citizenship) and would rely on budget reconciliation to bypass Senate opposition, but conservatives warn there are no payfors and worry about the bill's effectiveness. Support is mixed in the House, and outcomes hinge on reconciliation rules and possible changes in the Senate.

via Fox News|
#budget-reconciliation#gop#politics
Starmer’s Defence Plan Leaves Burnham with £5bn Funding Hole
politics1 month ago

Starmer’s Defence Plan Leaves Burnham with £5bn Funding Hole

Conservative Kemi Badenoch accuses Labour leader Keir Starmer of leaving a £5bn shortfall in his defence investment plan for Burnham to fix, as the plan promises £15bn in defence spending by 2030 but is funded by £10.3bn in savings with a £4.7bn gap to be resolved in the autumn Budget; Starmer defends the plan, Burnham is widely expected to become chancellor, and Downing Street indicates further cuts to other departments and transport projects may be used to cover the gap.

via BBC|
#burnham#defence#politics
Congress Hearing Highlights Spending Arms Race in College Sports
sports2 months ago

Congress Hearing Highlights Spending Arms Race in College Sports

Lawmakers grilled college sports leaders about the money driving the industry—from NIL and the transfer portal to spiraling roster costs and coaching salaries. Supporters of the Protect College Sports Act argue for funding certainty, but critics say the bill mainly reshuffles rules rather than reining in spending on players or programs; even Nick Saban warned that ballooning pay could blur the line with professional sports. An active athlete urged including student-athlete voices, but the piece argues real reform requires schools to change how they operate and treat athletes as peers rather than profit engines.

via Sports Illustrated|
#coaching-salaries#college-sports#nil
Cronin Defends Dundon, Says Blazers Will Spend Big When It Counts
sports3 months ago

Cronin Defends Dundon, Says Blazers Will Spend Big When It Counts

Portland GM Joe Cronin defended owner Tom Dundon against cheapness criticism, saying Dundon is willing to spend big when it matters and noting the team discussed costly moves at the trade deadline, including potentially triggering the luxury tax. Cronin stressed that reports of a tight head-coach budget are misleading and that compensation will scale with the coach’s experience and risk. Tiago Splitter called the surrounding chatter exaggerated. Cronin admitted a miscommunication led to excluding two-way players from playoff road trips, later correcting by adding them for Game 5, and the Blazers plan a broad, flexible coaching search with a focus on efficiency and prudent spending.

via Blazer's Edge|
#nba#ownership#portland-trail-blazers