In a display of power that ought to be used for public benefit, California’s public servants have instead prioritized their personal financial interests. Unions representing […] Source
Ultimately dedicated to the county’s longstanding pension obligations.
Social Security’s retirement trust fund is projected to face a funding shortfall in 2032, a year earlier than previously expected
The International Monetary Fund is warning Britain's far-left Labour Party government against further tax hikes, suggesting welfare cuts to maintain economic stability.
The International Monetary Fund is warning Britain’s far-left Labour Party government against further tax hikes, suggesting welfare cuts to maintain economic stability. PULSE POINTS WHAT HAPPENED: The International Monetary Fund (IMF) warned on Monday that the British government is nearing its limit in terms of how much it can raise taxes without negatively affecting economic growth. The IMF suggests that embattled Prime Minister Sir Keir Starmer’s administration should focus on cutting welfare spending to balance its budget. DETAIL: The IMF’s warning comes as the British tax burden is set to rise to a record 38.5 percent of GDP by the next parliament. The fund highlighted that further tax increases or borrowing could harm…Open
China’s plan to raise pensions for farmers by less than $3 a month prompted rare criticism from lawmakers about the country’s threadbare social safety net.