Musk calls Trump’s tax-cut and spending bill ‘a disgusting abomination’

June 4, 2025 9:08 AM

Musk calls Trump’s tax-cut and spending bill ‘a disgusting abomination’

Billionaire Elon Musk plunged on Tuesday into the congressional debate over President Donald Trump's sweeping tax and spending bill, calling it a "disgusting abomination" that will increase the federal deficit. Several fiscally conservative Republicans in the U.S. Senate supported the views Musk expressed in social media posts, which could complicate the bill's path to passage in that chamber. "I'm sorry, but I just can't stand it anymore," Tesla and SpaceX CEO Musk wrote in a post on his soci...

India’s fiscal roadmap: strong growth and stability despite tax cuts, says S&P Global

February 4, 2025 2:30 PM

India’s fiscal roadmap: strong growth and stability despite tax cuts, says S&P Global

India's Union Budget for 2025 signals steady fiscal consolidation and reinforces a positive outlook for the country's sovereign credit ratings, according to a recent report by S&P Global Ratings. The government has projected a fiscal deficit of 4.8% of GDP for the year ending March 31, 2025, slightly lower than the earlier estimate of 4.9% presented in the Union Budget on February 1. Looking ahead to fiscal 2026, India has set an even more ambitious target, aiming for a fiscal deficit of 4....