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Elon Musk and Vivek Ramaswamy are setting up a mission to cut US government spending through a new initiative called Doge.
Elon Musk admits cutting US$2 trillion from the federal budget is a long shot, acknowledging challenges in achieving spending goals.
NATO rejects Trump’s 5% GDP defense spending target, instead aiming to increase its current target amid rising defense needs in Europe.
Japan's household spending fell 0.4% in November, slower than expected, as consumers face inflation pressures impacting real wages and consumption.
Excessive spending by chief ministers on home renovations raises concerns over public funds, featuring lavish items and hefty price tags.
UK Foreign Secretary David Lammy aligns with Trump's NATO spending demands, highlighting Europe's precarious security situation as tensions rise.
Elon Musk admits the goal of cutting $2 trillion from the federal budget under Trump is challenging, but aims for $1 trillion.
Rachel Reeves faces significant challenges as UK bond yields rise and the pound weakens, raising concerns over government spending plans.
Beijing is incentivizing consumer spending through subsidies on home appliances to counter deflation and boost economic growth.
Sanjiv Puri from CII proposes tax cuts and increased government spending to enhance consumption and stimulate economic growth amid challenges.
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