The U.S. House of Representatives has passed $9 billion in budget cuts to foreign aid and public broadcasting, paving the way for Trump to sign them into law.
Republicans in the House of Representatives overcame some internal resistance to scrap $9 billion in federal spending on foreign aid and public broadcasting. The House voted 216-213 early Friday morning to approve the Trump administration's plan, which had previously been approved by the Senate. The spending withdrawal became the first successful "money recovery operation" by the White House in more than 25 years. The action effectively formalized the administration's efforts to cut foreign aid ...
In a televised interview with Latvia's public broadcaster on Monday, Mr. Kazakis, the ECB's governor, said the central bank should cut interest rates next month. "Of course there will be discussions, but I firmly believe that the current situation in the European economy requires another rate cut in December," he said. The ECB has cut interest rates three times and is expected to cut rates again next month. On Friday, PMI data showed an unexpected contraction in the eurozone's private sector eco...