CBO sees US deficits rising over 30 years, economic growth slowing
The U.S. Congressional Budget Office on Thursday projected significant increases in federal budget deficits and debt over the ...
U.S. economy grew 2.4% in the 4th quarter after upgrade in final growth estimate
The U.S. economy expanded at a healthy annual 2.4% pace the last three months of 2024, supported by a year-end surge in ...
U.K. Boosts Military Spending and Cuts Welfare in ‘Uncertain World’
The changes come as President Trump’s tariff threats have disrupted global trade and added pressure to the British government ...
Sweden plans largest military buildup since the Cold War amid Russia threat and uncertain US-EU ties
Sweden’s prime minister says his government wants to ramp up defense spending to a target of 3.5% of the Nordic ...
Sweden Raises Defense Spending Target to 3.5% of GDP by 2030
Sweden plans to lift its military spending to 3.5% of its economic output by 2030, clearly more than targeted last year by ...
Sweden eyes rise in defence spending to 3.5% of GDP by 2030
Sweden provisionally aims to raise defence spending to 3.5% of GDP by 2030, a bigger and faster ramp-up than previously ...
Germany is unlocking billions to supercharge its military at a seismic moment for Europe
Germany has just passed a major reform to its constitutional debt brake, unlocking billions of euros in funding. One model ...
Germany's parliament backs incoming leader's plans for huge boost in defense spending, but can he deliver?
Under pressure from Trump and with Russia menacing, Germany's incoming leader plans to revamp the country's defense posture.
Germany Set for Trillion-Euro Defense and Infrastructure Splurge
The spending package cleared its last parliamentary hurdle, paving the way for civilian and defense investments.
Taiwan's president says the defense budget will exceed 3% of GDP in military overhaul
Taiwanese President William Lai Ching-te said Thursday that the island’s defense budget will exceed 3% of its economic output ...
It's not just America with a debt problem. World governments face the highest debt costs since 2007.
"This combination of higher costs and higher debt risks restricting capacity for future borrowing" the OECD said in a report ...
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Trends in U.S. Military Spending
The impact of growth on military budgets, shown above, has been disguised by shifting policy on how much of GDP to allocate to defense. In the 1990s, the United States cut the defense budget ...