Fiscal Policy
Russia Sells Gold Reserves to Fund Growing Budget Deficit
Russia is selling significant gold reserves to address a $61.3 billion budget deficit caused by declining oil and gas revenues, highlighting fiscal pressures and potential market implications.
Maryland Faces Fiscal Uncertainty as Bond Recommendations, Health Insurance Delays, and Federal Grant Freezes Emerge
Maryland confronts significant financial and policy challenges including $1.75 billion in proposed state bonds, delayed health insurance access for undocumented residents, and frozen federal energy grants amid broader political and economic uncertainties.
Historic Tax Overhaul: The Big Beautiful Bill Act Introduces Significant Changes
The Big Beautiful Bill Act marks a historic tax overhaul, introducing permanent provisions and new incentives for individuals and businesses, with wide-ranging implications for taxpayers and the economy.
Gold Prices Climb as Moody's Downgrades US Credit Rating
Moody's downgrade of the US government's credit rating has triggered increased interest in gold as a safe-haven asset, with market sentiment remaining bullish for the precious metal.