Wednesday, February 8, 2023

Russia's budget deficit explodes as latest sanctions bite

Russia's budget deficit widened sharply in January, as the latest sanctions on Russia's energy exports — and the mounting expense of its brutal war on Ukraine — may be starting to erode the Kremlin's heavily fortified finances.

Why it matters: Since Russia's invasion nearly a year ago, Western officials warned that it would take time for the full impact of sanctions to be felt in Moscow. That moment could be drawing closer.

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Publisher: Axios
Date: 2023-02-08T12:31:48Z
Author: Matt Phillips
Twitter: @axios
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Anker Soundcore Space A40 Review: Great Budget Wireless Earbuds | WIRED

The A40 do skip a few conveniences, like auto-pause when you pull an earbud out, and the controls can be a little inconsistent. But with great performance in a surprisingly affordable package, the Space A40 are one of the best bargains in this golden age of portable listening.

Publisher: WIRED
Author: Cond Nast
Twitter: @wired
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Balint named to the Budget Committee for the 118th Congress  | Vermont Business Magazine

Vermont Business Magazine Representative Becca Balint (VT-AL) has been named to the Budget Committee in addition to her membership on the Committee on Oversight.

"I am honored to join the Budget Committee in the 118th Congress. It is critical that the budget addresses our country's most pressing challenge and reflect the values of American families.

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Earthquakes to disrupt Turkey's growth, stretch budget as Erdogan heads to elections | Reuters

ANKARA, Feb 8 (Reuters) - Massive earthquakes in Turkey will add billions of dollars of spending to Ankara's budget and cut economic growth by up two percentage points this year, officials and economists said, as the government faces huge rebuilding ahead of tight elections.

While officials say the extent of the destruction is not yet clear, they believe rebuilding will stretch Turkey's budget.

Publisher: Reuters
Date: 2023-02-08T09:40:41Z
Author: Orhan Coskun Nevzat Devranoglu
Twitter: @Reuters
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Here's an overview of Lamont's $50.5B CT budget proposal

Gov. Ned Lamont will propose a $50.5 billion two-year budget Wednesday that would deliver the largest income tax cut in history, expand relief for working poor families and small businesses, and extend into the 2030s a savings program that has pumped billions into state reserves in just five ...

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Publisher: CT Mirror
Date: 2023-02-08T10:00:00 00:00
Author: Keith M Phaneuf
Twitter: @CTMirror
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Check out the System Unknown artwork. Click here.



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