federalbudget
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#FOMCMeeting
🔔 #FOMCMeeting Update – June 2025
The Federal Reserve has kept interest rates steady at 4.25–4.50%, signaling a cautious approach amid rising global tensions, inflation uncertainty, and political pressure.
📉 Rate Cuts? Only one expected later this year (possibly September) as the Fed waits for more solid economic data.
🌍 Key Concerns: Oil price spikes, new tariffs, and geopolitical risks could reignite inflation.
📊 U.S. Economy: Steady job market, easing retail sales, and softening industrial growth.
🗣️ Chair Powell’s Message: Policy remains data-driven and independent — no rush to cut unless the numbers demand it.
➡️ All eyes now on upcoming economic reports to see if the Fed adjusts course.
#FederalBudget #InterestRateDecision #MarketUpdate
🔔 #FOMCMeeting Update – June 2025
The Federal Reserve has kept interest rates steady at 4.25–4.50%, signaling a cautious approach amid rising global tensions, inflation uncertainty, and political pressure.
📉 Rate Cuts? Only one expected later this year (possibly September) as the Fed waits for more solid economic data.
🌍 Key Concerns: Oil price spikes, new tariffs, and geopolitical risks could reignite inflation.
📊 U.S. Economy: Steady job market, easing retail sales, and softening industrial growth.
🗣️ Chair Powell’s Message: Policy remains data-driven and independent — no rush to cut unless the numbers demand it.
➡️ All eyes now on upcoming economic reports to see if the Fed adjusts course.
#FederalBudget #InterestRateDecision #MarketUpdate
📢 Major Update: Non-Filers to Face 90%,👀 Tax on Mobile Recharges in Pakistan
In a significant move to enhance tax compliance, the Federal Board of Revenue (FBR) has proposed a substantial increase in withholding tax for non-filers. Under the new plan, non-filers will be subjected to a 90% tax on mobile balance recharges, a sharp rise from the previous 2.5%. This means that for every Rs100 recharged, Rs90 will be deducted as tax, leaving only Rs10 for actual usage.
The initiative aims to broaden the tax base and encourage individuals to become tax filers. To enforce this, the FBR has identified over 500,000 non-filers and directed the Pakistan Telecommunication Authority (PTA) and telecom companies to block their SIM cards. As of now, approximately 11,500 SIM cards have been blocked, with more expected to follow.
Public reaction has been overwhelmingly negative, with many citizens expressing frustration over the excessive burden. Social media platforms are abuzz with criticism, highlighting the challenges faced by the general populace due to this policy.
The proposed tax measures are part of the Federal Budget for 2024-25 and are pending approval from the National Assembly and Senate. If enacted, they will come into effect from July 1, 2024.
Stay informed and ensure your tax filings are up to date to avoid these hefty charges.
#Pakistan #MobileTax #FBR #NonFilers #TaxCompliance #FederalBudget 2024 #TelecomNews #PublicRelations #StayInformed
In a significant move to enhance tax compliance, the Federal Board of Revenue (FBR) has proposed a substantial increase in withholding tax for non-filers. Under the new plan, non-filers will be subjected to a 90% tax on mobile balance recharges, a sharp rise from the previous 2.5%. This means that for every Rs100 recharged, Rs90 will be deducted as tax, leaving only Rs10 for actual usage.
The initiative aims to broaden the tax base and encourage individuals to become tax filers. To enforce this, the FBR has identified over 500,000 non-filers and directed the Pakistan Telecommunication Authority (PTA) and telecom companies to block their SIM cards. As of now, approximately 11,500 SIM cards have been blocked, with more expected to follow.
Public reaction has been overwhelmingly negative, with many citizens expressing frustration over the excessive burden. Social media platforms are abuzz with criticism, highlighting the challenges faced by the general populace due to this policy.
The proposed tax measures are part of the Federal Budget for 2024-25 and are pending approval from the National Assembly and Senate. If enacted, they will come into effect from July 1, 2024.
Stay informed and ensure your tax filings are up to date to avoid these hefty charges.
#Pakistan #MobileTax #FBR #NonFilers #TaxCompliance #FederalBudget 2024 #TelecomNews #PublicRelations #StayInformed
LATEST:
🇨🇦 Canada has unveiled plans to regulate stablecoins in its 2025 federal budget.
Write your thought about this in the comments below🤔👇
#USDT #Stablecoins #USDC #Canada #FederalBudget
$USDT $USDC
🇨🇦 Canada has unveiled plans to regulate stablecoins in its 2025 federal budget.
Write your thought about this in the comments below🤔👇
#USDT #Stablecoins #USDC #Canada #FederalBudget
$USDT $USDC
U.S. House Passes Temporary Spending Bill as Government Shutdown Looms
An attempt to avert the federal government shutdown scheduled to begin on the first of October has prompted the House of Representatives to approve a temporary spending bill on the 19 of September 2025. On record the bill’s approval count was 217 whilst the opposing count was 212 and it was purposefully targeting the postponing of the government shutdown. In the Senate though it is expected to meet stiff bipartisan opposition due to the lack of sufficient funding for proposed healthcare policy.
Internal tensions were displayed House Speaker Johnson as members of his party were hesitant to support the bill, bue the whole House Democrats opposed it over the yes to healthcare bill concerns. The nature of the voting reflects the total collapse of bipartisanship as the first day of October nears, and also how the opposition is mobilizing behind the Democrats to put a big block buster elephant of a healthcare bill on the table.
Senate Democrats are opposing the House bill on the grounds the funding proposed goes only for the end of the month, and are amending it to Schumer’s working on the 31st which has broader poor quality healthcare on it. Both pieces of legislation are likely to be denied as major opposition is foreseen. Thus, relocation opposition is likely intensifying and the government shutdown is a consequence of failing the negotiations with only two weeks on the clock. People are forecasted to worry over the delayed economic activity and the government services being disrupted due to the stalled negotiations.
The reasons for the standstill includes the situation in the market where data shows that there is a 56% probability that the government will shut down this year, which has been attributed to disagreements over the spending policy. While there is a palpable rush to find consensus among the lawmakers, it is clear that the outcome of the ongoing discussions will have serious repercussions for the functioning of the government and the economy in the immediate future.
#EconomicImpact #GovernmentShutdown #USEconomy #FederalBudget #GovernmentSpending
Internal tensions were displayed House Speaker Johnson as members of his party were hesitant to support the bill, bue the whole House Democrats opposed it over the yes to healthcare bill concerns. The nature of the voting reflects the total collapse of bipartisanship as the first day of October nears, and also how the opposition is mobilizing behind the Democrats to put a big block buster elephant of a healthcare bill on the table.
Senate Democrats are opposing the House bill on the grounds the funding proposed goes only for the end of the month, and are amending it to Schumer’s working on the 31st which has broader poor quality healthcare on it. Both pieces of legislation are likely to be denied as major opposition is foreseen. Thus, relocation opposition is likely intensifying and the government shutdown is a consequence of failing the negotiations with only two weeks on the clock. People are forecasted to worry over the delayed economic activity and the government services being disrupted due to the stalled negotiations.
The reasons for the standstill includes the situation in the market where data shows that there is a 56% probability that the government will shut down this year, which has been attributed to disagreements over the spending policy. While there is a palpable rush to find consensus among the lawmakers, it is clear that the outcome of the ongoing discussions will have serious repercussions for the functioning of the government and the economy in the immediate future.
#EconomicImpact #GovernmentShutdown #USEconomy #FederalBudget #GovernmentSpending
🚨 U.S. Bankruptcy Warning? Elon Musk Sounds the Alarm! 💰🔥
💵 "Drastic Cuts or Collapse?" – Musk’s Stark Warning on U.S. Debt Crisis!
American billionaire Elon Musk, appointed by President Donald Trump to lead federal spending cuts, has issued a grave warning: The United States could face bankruptcy if spending isn’t drastically reduced. 🚨
🔴 Key Highlights:
🔹 The U.S. budget deficit exceeded $1.8 trillion last fiscal year.
🔹 Musk, as chair of the Government Efficiency Committee, is leading efforts to reduce federal spending.
🔹 He revealed receiving threats due to his aggressive reform measures.
🔹 Legal challenges are emerging as federal agencies shut down and employees face layoffs.
💡 Musk’s Mission: Cut government waste, streamline spending, and prevent a financial meltdown! But will he succeed, or will the resistance prove too strong? 🤔
🔻 Do you support Musk’s spending cuts, or is the risk too great? Let us know below! 👇
#ElonMusk #USDeficit #GovernmentSpending #FederalBudget #EconomicCrisis
💵 "Drastic Cuts or Collapse?" – Musk’s Stark Warning on U.S. Debt Crisis!
American billionaire Elon Musk, appointed by President Donald Trump to lead federal spending cuts, has issued a grave warning: The United States could face bankruptcy if spending isn’t drastically reduced. 🚨
🔴 Key Highlights:
🔹 The U.S. budget deficit exceeded $1.8 trillion last fiscal year.
🔹 Musk, as chair of the Government Efficiency Committee, is leading efforts to reduce federal spending.
🔹 He revealed receiving threats due to his aggressive reform measures.
🔹 Legal challenges are emerging as federal agencies shut down and employees face layoffs.
💡 Musk’s Mission: Cut government waste, streamline spending, and prevent a financial meltdown! But will he succeed, or will the resistance prove too strong? 🤔
🔻 Do you support Musk’s spending cuts, or is the risk too great? Let us know below! 👇
#ElonMusk #USDeficit #GovernmentSpending #FederalBudget #EconomicCrisis
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📌 The US Congress is nearing the end of a prolonged government shutdown
🇺🇸 After 34 days of federal government work suspension, leaders from both parties in the Senate are already discussing ways to break the deadlock.
🔒 Key programs are affected: assistance for the underprivileged, military salaries, operation of airports, and other critical services.
💰 By the end of October — about $1.7 trillion in budget expenditures remain frozen, and thousands of civil servants are on unpaid leave.
📅 The new fiscal year began on October 1, but the funding bill has not yet been passed.
$BTC
#USPolitics #Shutdown #FederalBudget #USCongress #GovernmentFunding
🇺🇸 After 34 days of federal government work suspension, leaders from both parties in the Senate are already discussing ways to break the deadlock.
🔒 Key programs are affected: assistance for the underprivileged, military salaries, operation of airports, and other critical services.
💰 By the end of October — about $1.7 trillion in budget expenditures remain frozen, and thousands of civil servants are on unpaid leave.
📅 The new fiscal year began on October 1, but the funding bill has not yet been passed.
$BTC
#USPolitics #Shutdown #FederalBudget #USCongress #GovernmentFunding
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