ACN Business

COVID-19 clawbacks, spending caps and a cut – what House Republicans got in return for pushing the US to the brink of default

Written by Raymond Scheppach, Professor of Public Policy, University of Virginia

House Speaker Kevin McCarthy has billed the deal as a victory for his party. AP Photo/J. Scott Applewhite

House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending.

So, based on the tentative deal announced on May 27, 2023, how did they do?

In broad strokes, the deal would suspend the debt...

Elevating Business Spaces: Top Commercial Interior Designers in Melbourne
In the dynamic world of business, first impressions are everything. Whether it’s a bustling corporate office, a stylish ret…
What Does a Building Management Committee Do in Strata?
If you’re part of a mixed-use property, you’ve likely heard of a BMC but may not be clear on what it actually does. It does…
Butter wars: ‘nothing cures high prices like high prices’ – but will market forces be enough?
RobynRoper/Getty ImagesThe alarming rise of butter prices has become a real source of frustration for New Zealand consumers, …
Profitable Precision: How Trading Accelerates Business Growth
Trading, particularly in the financial and cryptocurrency markets, is more than a mere side venture—it can be a strategic ass…
The Vital Role of High-Performance Electrical Components in Aerospace, Rail and Defence
In industries such as aerospace, rail and defence, the stakes are extraordinarily high. Reliability, safety, and performanc…
Almost a third of NZ households face energy hardship – reform has to go beyond cheaper off-peak power
Igor Suka/Getty ImagesThe spotlight is again on New Zealand’s energy sector, with a group of industry bodies and indepe…

Traditions of Rural Bali at Villa Sabana
A Privileged Insight into the Traditions of Rural Bali at Villa Sabana Situated in the traditional village of Pererenan near Canggu, Villa Sabana is peacefully secluded in a semi-rural setting where…

Boutique Homes announce appliance change to Fisher & Paykel
ABN Group’s residential home building brand, Boutique Homes, today announced the transition from ILVE to Fisher & Paykel for standard inclusion. Customers yet to complete interior selections and attend…

Is Noble Gold Investments a Good Place for an IRA?
Noble Gold Investments is a precious metals dealer offering IRA-compliant gold and silver coins, platinum, palladium, storage services, a buyback program and unique Royal Survival Packs. Furthermore, they provide educational…
5 LinkedIn Marketing Tips To Get More Business
To be successful in today's business world, it is essential to have a strong social media presence. LinkedIn is a powerful tool to help you connect with potential customers and…
Think superannuation comes from employers' pockets? It comes from yours
ShutterstockA key question for the government’s retirement incomes review is who ultimately pays for compulsory super contributions, especially since they are set to climb from 9.5% of wages to 12%…

Baby boomers are driving development feasibility leading to larger apartments

As residential developers continue to grapple with feasibility issues on apartment projects, the sector is struggling to deliver volumes of new st...

Hays launches FY25/26 Salary Guide: ‘Salary Paradox’ deepens as pay rises fail Australians

Rising dissatisfaction with pay, progression and perks is fuelling a new wave of career change in FY25/26, as Australians demand more from employe...

Australian Businesses Still Stuck in the AI Hype Cycle

Data Governance Failures, ROI Gaps and Unclear Strategy Slowing Progress Despite artificial intelligence (AI) dominating headlines and boardroom ag...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders. As wage pressures rise, and specialised talent pool...