Spending

NATO has promised a spending blitz. Can its European members afford it?

London CNN — The North Atlantic Treaty Organization, the defense alliance of 32 countries, is on a spending spree, with plans to funnel billions into their militaries and security systems over the coming decade. But it’s a splurge that some European members of NATO, grappling with huge and ballooning debt burdens, can ill-afford. “It’s something …

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Egypt Independent July 22, 2025

NATO summit yields a big win on defense spending for Trump but key questions over the alliance remain

Noordwijk, Netherlands CNN — NATO leaders convening Wednesday in the Netherlands were prepared to offer President Donald Trump a major win by boosting their defense spending targets. But comments he made while flying to the conference were raising fresh concerns about his commitment to the alliance’s core principal of collective defense. The split dynamic — …

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Egypt Independent June 25, 2025

Trump is proposing Congress cut $163 billion in non-defense spending next year

Office of Management and Budget Director Russ Vought speaks during a Cabinet meeting at the White House on April 30,

NPR NEWS May 3, 2025

Britain ramps up defense spending and cuts foreign aid, ahead of PM Starmer’s crucial meeting with Trump

London CNN — Britain will accelerate an increase to its defense spending, Prime Minister Keir Starmer announced Tuesday, on the eve of a crucial visit to meet US President Donald Trump in Washington that is set to be dominated by the future of the war in Ukraine. Starmer said he will raise military spending from …

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Egypt Independent February 27, 2025

Black Friday spurs spending but full figures fall short

Black Friday sales have spread well beyond a single weekend in November but the boost in profits failed to meet

Australian Associated Press January 10, 2025

Stage three tax cut spending spree yet to surface

Tax cuts don’t appear to be fuelling shopping sprees, with transaction data suggesting extra take-home pay is going towards staples

Australian Associated Press October 16, 2024

Household spending flat despite retail boost, tax cuts

Leading economists have been caught off-guard by sluggish household spending figures that jar with strong retail sales and seem to

Australian Associated Press October 5, 2024

Russia proposes record defense spending as it pursues victory in Ukraine

The Russian government wants to earmark 32.5 percent of its spending for defense in 2025, a record amount and up from a reported 28.3 percent this year, as Moscow seeks to prevail in the war in Ukraine. The government’s draft budget released Monday proposes spending just under 13.5 trillion rubles (over $145 billion) on national defense. …

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Egypt Independent October 1, 2024

Australian spending habits under a microscope ahead of budget

The wellbeing of the Australian consumer will be on display as fresh retail trading data is released in the coming

Australian Associated Press April 29, 2024

Trump and Polish President discuss NATO members increasing their defense spending

CNN — Former President Donald Trump and Polish President Andrzej Duda discussed NATO spending in a dinner meeting at Trump Tower in New York City Wednesday, according to a readout of the meeting from the Trump campaign. The pair “discussed President Duda’s proposal for NATO countries to go to 3 percent spending on their defense,” according …

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Egypt Independent April 19, 2024