Latest news with #economicpolicies
Bloomberg
a day ago
- Politics
- Bloomberg
Peru's Boluarte Pledges to Stay the Course Until Next Vote
Peru's President Dina Boluarte pledged to keep her nation's market-friendly economic policies in place and to tackle growing crime en route to a handover of power next year in her final state of the nation speech. Work with the other powers of the state 'allowed us to come out on top in the most difficult moments, a unity that keeps us firm and in the future will let us continue to build a fairer, more equitable and more developed country,' Boluarte said Monday, hinting that she aims to remain active in politics and denying graft allegations against close family.
Fox News
3 days ago
- Business
- Fox News
Workers praise Trump's ‘no tax on tips' policy
Sen. Markwayne Mullin, R-Okla., discusses President Donald Trump's economic policies in the One, Big Beautiful Bill Act and more on 'Fox & Friends Weekend.'
The Independent
6 days ago
- Politics
- The Independent
Why US President is beginning to lose male support
Donald Trump 's approval rating among men is declining, with a recent CBS /YouGov poll indicating 47 per cent approval compared to 54 per cent last October. This drop reflects a broader disapproval of Trump's second term, with his overall approval rating down by approximately 12 points since January. Key issues driving this decline include men's concerns about Trump's focus on deportations, his perceived inability to curb inflation, and his economic policies, particularly tariffs. A significant majority of men believe Trump has not done enough to lower prices and that his policies are increasing grocery costs. Trump is also facing criticism from his voter base and within the Republican party regarding his administration's handling of the alleged 'Epstein client list'.
Zawya
23-06-2025
- Business
- Zawya
Egypt: El-Sisi reviews tax relief progress, debt reduction efforts
Arab Finance: President Abdel Fattah El-Sisi held a meeting with Prime Minister Mostafa Madbouly and Minister of Finance Ahmed Kouchouk to review the progress of the state's fiscal and economic policies, as per a statement. These discussed policies included the first tax relief initiative and international debt reduction efforts. The meeting also addressed the results of the tax relief initiative, which runs through June 19th, 2025. The finance minister reported that 110,000 applications have been submitted for voluntary tax dispute settlements. Additionally, over 450,000 new or amended tax returns have been filed, resulting in additional returns worth EGP 54.76 billion. Kouchouk also highlighted that 52,901 taxpayers with annual turnovers under EGP 20 million have applied for tax incentives under Law No. 6 of 2025. These figures reflect growing trust in the initiative and broader engagement with formal tax channels. Moreover, the meeting reviewed the Ministry of Finance's plan for international bond issuances for fiscal year (FY) 2024/2025. Initial indicators show progress in reducing the external debt burden of budgetary entities by $1 to $2 billion annually, in line with government efforts to strengthen fiscal stability. The discussion also covered the impact of global market fluctuations, including the economic repercussions of the Iran-Israel conflict, on rising shipping costs and commodity price volatility. Furthermore, Kouchouk presented the actual financial performance for the period from July 2024 to May 2025. The government achieved a strong primary surplus, narrowed the overall fiscal deficit, and saw a 36% rise in tax revenues, driven by improved economic activity and an expanded tax base, without imposing new financial burdens. The meeting also examined fiscal targets for the FY 2024/2025, including the debt-to-GDP ratio for general budget entities, developments in tax revenues, economic growth rates, wage policies, and government spending on goods, services, and social benefits. It is noteworthy that government investment trends were also reviewed during the meeting. Kouchouk provided updates on Egypt's progress in implementing IMF-backed reform measures and the ongoing negotiations to secure the fifth review tranche under the current program. Meanwhile, El-Sisi instructed officials to draw on successful international experiences to maintain financial and tax policy stability, broaden the tax base, enhance the investment climate, and boost exports, production, and employment. The president stressed the importance of reinforcing financial discipline and increasing allocations for social protection and human development, while taking precautionary measures in light of regional instability and economic uncertainty. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Fox News
29-05-2025
- Business
- Fox News
Chicago mayor calls DOGE ‘an act of war,' compares second Trump term to Third Reich
Chicago Democratic Mayor Brandon Johnson laid into DOGE and President Donald Trump's economic policies during his weekly press availability, drawing parallels between the Third Reich in Germany and the mogul's second term. Johnson said the Windy City is the most "pro-worker" city in the U.S. but faces "hostility" from Washington: "The fact that the President of the United States of America is cutting off food supply and medicine to working people and families across this country -- that is an act of war," Johnson fumed. "And we're going to need leaders who are prepared and willing to stand up for working people because this battle has reached our front doors all across America where people are struggling and suffering. And in order to alleviate that pain and discomfort, it's going to require bold leadership. We can't tippy toe." Addressing a reporter who had asked how to work with the Trump administration for the benefit of the city from such an adversarial position, Johnson cited Illinois Gov. JB Pritzker's State of the State address in February, which referenced how it "took the Nazi's one month, three weeks, two days, eight hours and 40 minutes to dismantle a Constitutional Republic." "Governor Pritzker… offered up a warning," Johnson said. "You have a president that is cutting off medicine and food, a president that is working to erase culture. I mean, you can't make this up. He's doing it in plain sight." Pritzker had compared the rise of former German Chancellor Adolf Hitler to Trump's popularity -- in that the eventual national-socialist dictator was seen as the answer to "inflation and [the public] looking for someone to blame." In his remarks, Johnson noted how people have wondered how Germany could have descended into Nazism and anti-Semitism so quickly and dreadfully – saying that Trump is "carry[ing] out the playbook that was done against an entire people-group." "He's doing it right here in this country, against working people, erasing Black folks from museums and the history and the culture -- So, when you ask how we balance that. You have to fight it and resist it with everything that's in you." "The President of the United States of America is capturing the hopes and aspirations of working people and holding us hostage as he works to implement and annihilate democracy," he said, returning to comment on lawsuits the city has joined to halt DOGE-type efforts. Chicago is party to a lawsuit filed by several municipalities, including Baltimore, Santa Clara, and the county that encompasses Houston, which seeks to stop DOGE's slashing of the federal bureaucracy. "Congress created these federal agencies. It funded them. But the president is trying to fire all these people and gut these agencies that Congress created," Chicago Deputy Corporation Counsel Steve Kane told the city's ABC affiliate, calling the situation unconstitutional. DOGE-driven cuts affecting the Windy City have included the Energy Department's 2025 Small Business Expo originally pinned for June. The cut came as part of billions in spending reductions for cabinet agencies, and other closures of clean-energy-centric operations have affected the city, according to reports. Earlier in May, Chicago hired Ernst & Young – an international consulting firm – to find ways to bridge its own budget gaps, according to Bloomberg. The Trump administration has threatened to withhold funding from sanctuary cities, a definition within which Chicago falls. While city-specific data was not immediately available for DOGE-related cuts, the Trump administration saw the Department of Health & Human Services cut their regional office in Illinois, which served 28,000 low-income families. Efforts to consolidate federal real estate and office space affected America's third-largest city as well: The Federal Transit Administration, SEC, Labor Relations Authority and Civil Corps of Engineers all saw their offices there shut down. A federally-owned art collection in Chicago also sees some of its staffing on the chopping block, according to Axios.
