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Chancellor Friedrich Merz’s coalition agreed to scale back subsides worth about €3 billion ($3.5 billion) to create fiscal space for tax relief for lower-income households, according to people familiar with the discussions.
Chancellor Friedrich Merz’s coalition agreed to scale back subsides worth about €3 billion ($3.5 billion) to create fiscal space for tax relief for lower-income households, according to people familiar with the discussions.
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European Union leaders must show courage in strengthening the bloc’s foundations, according to European Central Bank President Christine Lagarde.
Republican Representative Thomas Massie broke with President Trump over the Epstein Files and now faces reelection. Bloomberg Opinion columnist Mary Ellen Klas went to Kentucky to speak to his constituents. She says Massie’s reelection is a national test for the GOP. (Source: Bloomberg)
A federal judge cited “red flags” about a proposed $1.5 million deal between Elon Musk and the Securities and Exchange Commission to end the agency’s lawsuit alleging the world’s richest person waited too long in 2022 to reveal his growing stake in Twitter Inc.