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The Senate Must Scrap the Big Beautiful Budget and Start Over
The Senate Must Scrap the Big Beautiful Budget and Start Over

Bloomberg

timea day ago

  • Business
  • Bloomberg

The Senate Must Scrap the Big Beautiful Budget and Start Over

Can the Senate forestall a looming fiscal breakdown? The House has passed a grossly irresponsible budget bill that threatens to add between $3 trillion and $5 trillion to public borrowing over the next 10 years, accelerating an already unsustainable accumulation of debt. Senators owe it to voters to call a halt and insist on a comprehensive reexamination of fiscal policy. Right now, this seems like demanding a miracle. Republicans in the upper chamber face the same pressures as their colleagues in the House to unite around a plan that gives something to each of their party's factions. Economic conservatives want tax relief for businesses; MAGA populists want to cut taxes for the low-paid and expand support for families with children; immigration hawks want to build a border wall and arrest more migrants; national-security hawks want to spend more on defense. And voters at large want lower taxes without compromising entitlements such as Social Security and Medicare. The answer? Do all of the above, then disguise the fiscal consequences.

Polish presidential election too close to call as campaigning enters final hours
Polish presidential election too close to call as campaigning enters final hours

The Guardian

timea day ago

  • General
  • The Guardian

Polish presidential election too close to call as campaigning enters final hours

Update: Date: 2025-05-30T07:28:54.000Z Title: Morning opening: Too close to call Content: Good morning, or dzień dobry, from Warsaw. On the final day of the Polish presidential campaign, all polls show the difference between the two leading candidates – pro-European Warsaw mayor Rafał Trzaskowski and nationalist right historian Karol Nawrocki – within the margin of error. With the country going into a period of 'electoral silence' at midnight, both of them have just under 15 hours to win over the last wavering voters in what will probably be the closest election in Polish history. According to polls, some 5% of voters are yet to make their minds up, and it is this group that could decide the outcome on Sunday. The final margin between the two candidates is expected to be about 200,000 votes – in a nation of 37 million, with some 29.3 million eligible to vote. I will bring you all the key updates from Poland and across Europe throughout the day. It's Friday, 30 May 2025, it's Jakub Krupa here, and this is Europe Live, coming to you from Warsaw. Good morning.

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