Germany approves 2026 draft budget with record investment and triple borrowing
Germany’s cabinet approved a draft 2026 budget on Wednesday featuring record investments and a borrowing level nearly three times higher than last y...
The Congressional Budget Office says Trump’s tax-slash megabill will balloon the federal deficit by $2.4 trillion over 10 years—and leave nearly 11 million more Americans without health insurance, largely due to cuts in Medicaid and tighter eligibility rules.
Donald Trump’s so-called “One Big Beautiful Bill” may be beautiful to some, but the Congressional Budget Office (CBO) just dropped a brutal forecast: if passed, the sweeping legislation would add $2.4 trillion to the federal deficit over the next decade.
The bill proposes $3.67 trillion in tax cuts—mostly benefiting corporations and the wealthy—while attempting to offset it with $1.25 trillion in spending reductions. That still leaves a $2.4 trillion shortfall, and critics are already sharpening their knives.
The CBO didn’t just stop at the fiscal fallout. It also projected a staggering rise in uninsured Americans—an estimated 10.9 million more people without coverage by 2034. The key culprit? Massive Medicaid cuts, alongside new work requirements that would force low-income recipients off the rolls.
Among the hardest hit: over 1.4 million undocumented immigrants, many of whom are covered under state-funded plans that would lose federal support.
Billionaire Elon Musk didn’t hold back, calling the bill “a disgusting abomination” that undercuts clean energy and bloats the debt. Even some Republican senators are getting cold feet—objecting to slashed Medicaid funding and the scrapping of green energy tax breaks that once enjoyed bipartisan support.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
'Superman' continued to dominate the summer box office, pulling in another $57.25 million in its second weekend, as theatres welcome a wave of blockbuster competition following a challenging few years for the film industry.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 31st of July, covering the latest developments you need to know.
An F-35 fighter jet went down near Naval Air Station Lemoore in central California, the U.S. Navy confirmed on Wednesday.
President Donald Trump announced on 30 July, 2025, that the United States and South Korea have reached a "full and complete trade deal" that establishes a 15% tariff on South Korean exports while securing $450 billion in combined investments and energy purchases from Seoul.
The U.S. and Pakistan have reached an agreement that includes reduced tariffs for Pakistan and a partnership in which the U.S. will assist in developing the country’s oil reserves, officials from both sides announced.
The U.S. will impose a 15% tariff on imports from South Korea under a new trade deal that also includes a $350bn (about £264bn) South Korean investment in the U.S., President Donald Trump has announced.
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