The Trump administration has floated a plan to trim about $6 billion from the budget of NASA, while allocating $1 billion of remaining funds to Mars-focused initiatives, aligning with an ambition long held by Elon Musk and his rocket maker SpaceX. A copy of the discretionary budget posted to the NASA website on Friday said…
President Trump’s budget proposal would shrink the Education Department, which he has called on Congress to eliminate, by slashing its funding by 15 percent, or $12 billion. The most significant chunk of that reduction, about $4.5 billion, would come from the Title I budget for high-poverty schools, a cut of nearly 25 percent at a…
All week, residents of Washington, D.C., watched the shutdown debate in Congress with anxiety and anger, as one section of the continuing resolution keeping the government open would force on the city an immediate $1.1 billion budget cut. But on Friday afternoon, shortly after the resolution was passed, the crisis for the District of Columbia…
The U.S. Treasury Building is seen from the Washington Monument on a cold, winter day on Jan. 21, 2025 in Washington, DC. Kevin Carter | Getty Images The U.S. debt and deficit problem worsened during President Donald Trump’s first month in office, as the budget shortfall for February passed the $1 trillion mark even though…
Ironing out the 2026 budget of the euro zone’s second-largest economy will prove a “demanding” task, French Economy Minister Eric Lombard told CNBC’s Charlotte Reed, after lawmakers earlier this month finally adopted 2025’s financial plan after a spate of tumultuous, government-toppling attempts. France has charted a trajectory to reduce its public deficit, aiming to reach…
A Frontier Airlines plane near a Spirit Airlines plane at the Fort Lauderdale-Hollywood International Airport on May 16, 2022 in Fort Lauderdale, Florida. Joe Raedle | Getty Images Bankrupt Spirit Airlines said it turned down a new merger offer from rival budget carrier Frontier Airlines. Frontier said Wednesday that it has met with Spirit’s board…
Period red-brick home rooftops in a suburb overlooking London’s financial district. Oversnap | E+ | Getty Images LONDON — Britons are facing the prospect of higher mortgage rates for longer after the government’s tax-and-spend budget threw off expectations for a series of near-term interest rate cuts. The Bank of England is widely expected to cut…
* Israeli coalition wins reprieve in military draft feud ahead of budget vote Ultra-Orthodox parties drop conscription law demand before budget vote * Budget includes 40 billion shekels in spending cuts and tax increases * Haredi parties secure funding for day care in exchange for budget support By Steven Scheer JERUSALEM, – Israel’s government has…
