Elon Musk now suggests a $1 trillion target for federal budget cuts, calling $2 trillion the "best-case outcome" in his DOGE initiative for government savings.
L.A. fire chief highlighted that budget reductions hindered emergency response efforts just before wildfires erupted, raising concerns over department safety.
Experts urge Hong Kong to issue more bonds and tap into reserves to tackle its structural budget deficit, emphasizing the need for aggressive measures to ensure fiscal stability.