By signaling with subsidies and payouts, Prime Minister Fumio Kishida is stressing his government’s resolve to pull the economy permanently out of stagnation.
The U.S. budget deficit increased 23 percent to $1.7 trillion, an increase of $320 billion, in the year after the Biden administration pushed through the Inflation Reduction Act which it claimed would close the government’s funding gap.
In light of mounting global tensions, a bipartisan panel established by Congress has advised that the U.S. should gear up for potential concurrent wars with both China and Russia.