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The Latest Breaking News from CBO

Brazen Boots shoplifter jailed and banned from City of London

George Lupascu, 38, stole health and skincare products from shop on Moorgate

Evening Standard

The unprecedented government shutdown will weigh on a US economy already under stress

The six-week government shutdown that came to an end late Wednesday will be another drag on an economy already facing many challenges, though the full impact will take months to measure

The Independent UK

US Congressional Budget Office Hacked: China Suspected in Ongoing Breach Threat

The Congressional Budget Office (CBO) faces an ongoing cyberattack, with suspected Chinese state-backed hackers targeting sensitive US budget and policy data.

International Business Times UK

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Shutdown to leave mark on US economy from lost paychecks, canceled flights

The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy

The Independent UK

US Congressional Budget Office hit by suspected cyberattack - here's what we know

Foreign adversaries may have accessed a congressional network.

TechRadar

Congressional Budget Office hacked by suspected foreign entity: report

The breach could expose sensitive government data and communications with House and Senate offices

The Independent UK

Congressional Budget Office investigating hack of its systems

A foreign adversary is likely behind the hack, the Washington Post first reported.

Axios

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The government shutdown won't be completely recouped—and it could cost the economy up to $14 billion, estimates say

The report says lost goods and services from furloughed workers’ downtime won’t be regained once the government reopens.

Fortune

Trump's 'Golden Dome' Missile Defense Could Cost $3.6 Trillion: Report

The pie-in-the-sky space system promises to be a government spending bonanza—and might be a very bad idea.

Reason

US could lose between $7bn and $14bn during shutdown, budget office says

Federal agency also estimates country’s GDP will reduce by one to two percentage points over shrinking demand

The Guardian - US

Why is Washington acting like the U.S. is in a recession?

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

Fortune

Budget watchdog on $38 trillion national debt: ‘It’s tough to decide what the most appalling part is of today’s announcement’

The Committee for a Responsible Federal Budget is glum: “The reality is that we’re becoming distressingly numb to our own dysfunction.”

Fortune

Don't Extend Obamacare Subsidies To End the Government Shutdown

Government interference in health care should be reduced, not expanded.

Reason

Trump 2025 Tax Bill: What’s Changed and How It Affects Your Taxes

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's so called "big beautiful bill."

Kiplinger

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Benzinga

Trump's Immigration Crackdown Could Cut 15 Million From US Workforce By 2035, Study Shows

The stringent immigration policies implemented by the Trump administration would significantly reduce the U.S. workforce over the next decade, according to a study, potentially impacting the nation’s economy.

Fortune

America is ‘going broke slowly’ says J.P. Morgan, as national debt balloons and tariff revenue looks shaky

The risk is “that we move from going broke slowly to going broke quickly,” Kelly says.

Euronews

Government shutdown could be longest ever, warns House Speaker Johnson

With Congress and the White House in stalemate, some are eyeing the end of the month as the next potential deadline to reopen the government.

Reason

After All Those DOGE Cuts, Federal Spending Still Increased by $300 Billion

For the fiscal year that ended on September 30, the federal government spent more than $7 trillion and ran a $1.8 trillion deficit.

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Fortune

$1.8 trillion deficit revealed during 'pointless and wasteful government shutdown,' budget watchdog says

The U.S. is on track to borrow nearly $2 trillion per year for the next decade, the CRBF notes. "How can anyone think this is sustainable?"

Reason

What the Democrats Are Doing Right Now Won't Lower Health Care Costs—but Here's What Actually Would

Four ideas that are better than extending Obamacare subsidies and a government shutdown.

The Guardian - US

How Democrats are trying to bust Republican lies about healthcare for undocumented immigrants

At the centre of the government shutdown is the issue of healthcare for Americans being stripped by Trump’s ‘big, beautiful bill’

Fortune

Trump says the U.S. can grow its way out of $37 trillion in debt. Ray Dalio’s debt-cycle research says not so fast

“With the kind of growth we have now, the debt is very low, relatively speaking. You grow yourself out of that debt,” Trump said.

Euronews

Here's why the US shutdown may prove more painful than past crises

Government shutdowns aren't uncommon in the US, but this one could be more damaging that prior crises. President Trump is threatening permanent job cuts at a time when the labour market is already weak.

The Independent UK

Federal shutdowns usually don't do much economic damage. There are reasons to worry about this one

Shutdowns of the federal government usually don’t leave much economic damage

International Business Times UK

US Government Shutdown For Dummies: What Does It Mean And How Are Americans Directly Affected?

Furloughs for 750,000 workers, frozen loans and a £2.6B weekly economic drag—this shutdown hits home. From cancelled weddings to closed parks, here's how it's disrupting everyday life.

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