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The US proposed budget for the 2020 fiscal year, sent to Congress by President Donald Trump, provides for expenses amounting to 4 trillion 700 billion dollars. This amount also includes the cost of a wall that should be built on the Mexican border in the amount of 8 billion 600 million dollars. Bloomberg expect the project to be rejected by the Congress, not excluding the regular suspension of the government after long negotiations. The project proposes to reduce discretionary non-defense expenditures by 9%. At the same time, it laid down a reduction in the expenses of the Environmental Protection Agency by 31%, the expenses of the State Department - by 23%, and the Department of Housing and Urban Development - by 16%. Defense spending is proposed to increase by 5%. According to the project, the US budget deficit in the next 3 years will be above $1 trillion.
Thailand's finance ministry on Thursday cut back its 2020 economic forecast to a record 8.5% contraction in GDP. This is a substantial contrast from a 2.8% growth it expected in January as the COVID-19 situation continued to worsen. The ministry’s ...
Japan’s first-quarter business spending came smaller than what was initially estimated, revised data showed on Monday. This underscored a sharper damage that the novel coronavirus pandemic had inflicted on the world’s third-biggest ...
The U.S. Federal Reserve eased another $2 million in emergency loans this week to help struggling U.S. businesses amid the recession. The Fed’s overall asset portfolio reported growth for the second week, holding above $7 trillion. The ...
SensorTower announced on Wednesday that Apple (AAPL) removed more than 2,500 games from the China App Store in the first week of July. The move came after the U.S. tech giant closed a loophole to comply with China’s license requirements. Apple ...
The U.S. Federal Reserve’s holdings of bonds and other securities fell on its fourth consecutive week, dropping below $7 trillion, while one key emergency liquidity measure slid to zero. The market took this as a sign that financial ...
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