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Carney’s First Budget Signals a Generational Reset for Canada’s Finances

Prime Minister Mark Carney jokes with Minister of Finance and National Revenue Francois-Philippe Champagne as they greet families before participating in an announcement at a community centre in Ottawa, on Friday, Oct. 10, 2025. Prime Minister Mark Carney’s inaugural budget is being framed as a turning point in Canada’s fiscal direction, marking a sharp departure from the spending patterns of recent years . Presented alongside Finance Minister François-Philippe Champagne, the budget is not just a financial document but a statement of intent: to reshape the country’s economic priorities in the face of global uncertainty and domestic pressures. At the heart of the plan is a shift away from expansive spending toward what Carney has described as “tough choices” and “sacrifices.” The government has emphasized that Canada must “spend less to invest more” , signaling a reallocation of resources rather than an outright expansion of the deficit. This approach reflects Carney’s long-standing...

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Partisan Divide Deepens as U.S. Shutdown Deadline Approaches

A view of the U.S Capitol dome in Washington one day ahead of a Sept. 30 deadline to fund the government and avoid a shutdown.

With just hours left before government funding expires, Republicans and Democrats remain locked in a bitter standoff that threatens to trigger a partial U.S. government shutdown.

At the heart of the impasse are competing priorities: Democrats are demanding the extension of health care subsidies and the reversal of recent Medicaid cuts, while Republicans are pushing for a short-term funding bill that maintains current spending levels without additional provisions.

President Donald Trump met with congressional leaders from both parties at the White House on Monday, but the talks ended with little sign of compromise. Senate Democratic Leader Chuck Schumer described “very large differences” between the two sides, while Republican leaders accused Democrats of holding government funding “hostage” over health care demands.

If no agreement is reached by midnight Tuesday, federal agencies will begin shutting down, nonessential employees will be furloughed, and key economic data releases—including the September jobs report—will be delayed. The looming shutdown would mark yet another chapter in a long history of partisan brinkmanship, with both sides bracing for public backlash.


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