What is the debt brake? A measure that requires the federal and state governments to maintain balanced budgets, effectively prohibiting them from borrowing a penny more than they can repay.
This is a big deal historically in a country that has been committed to fiscal responsibility and pacifism since its out-of-control defense spending in the run-up to World War II. The package allows for “necessary defense spending” above 1% of GDP to be exempt from debt limits, a measure Germany feels is necessary as Europe takes the reins on its own security in the wake of the US withdrawing support.
It's also a major policy victory — along with a significant amount of debt — for the incoming parliament before it even assumes power. Far-right and far-left parties have criticized the move as “deeply undemocratic,” arguing that such a sweeping fiscal measure shouldn’t be passed before the new government, in which they will have greater influence, is in place. While parliament is aiming to form a new government by late April, mid-May is a more realistic timeline.
In this episode of ask ian, Ian Bremmer explains why Ukrainian President Volodymyr Zelensky enters his latest White House meeting with President Trump in a stronger position than he did just a few months ago.
Competitive pay. 401(k) contributions upon employment and 6% company match once eligible. Up to 16 weeks of combined paid maternity and parental leave. These benefits and more inspire generations – Daidrian’s 18-year Walmart journey motivated her son Jonothan to launch his own career as a Walmart associate. Learn more.
US consumers have spent nearly $74 billion more on gasoline and diesel since the war in Iran began in February
Last week, Microsoft joined more than 100 companies to publish an open letter on the importance of open-weight AI models in expanding access to AI and giving organizations greater control over the technology they use. The paper draws parallels to the open-source software movement, positioning open-weight models as an important foundation for a broad and competitive AI ecosystem while emphasizing the need for responsible safeguards. Read the letter here.