Spending

Industry groups say delay to defence investment plan (DIP) leaving UK behind in global race for fundingDefence manufacturers are going bust while others have been left in “paralysis” and “bleeding cash” as they wait for a long-delayed UK military spending plan for the next decade, MPs have heard.Industry groups said that a more than six-month delay to the defence investment plan (DIP) has also left the UK behind Germany and the US in attracting cash from global investors. Continue reading...

• A new report reveals that rising healthcare costs are forcing approximately 1 in 3 US adults to reduce basic spending on essentials like utilities, transportation, and prescription medications. • The financial strain is most severe among uninsured Americans, with about 62% reporting they have made trade-offs to afford medical costs, while nearly 3 in 10 insured Americans also report cutting back. • The impact spans income levels: approximately half of households earning $48,000 to $180,000 have delayed major life decisions because of healthcare costs, and one-third of those earning $180,000 to $240,000 report similar delays.

Cryptocurrency’s biggest Pac spent more than $10m for their candidates, only to be defeated by those who are anti-cryptoSign up for the Breaking News US email to get newsletter alerts in your inboxThe cryptocurrency industry spent big and lost often in this week’s Illinois primaries.As the industry prepares to make massive donations in the 2026 midterm elections to replicate its success in 2024, the Illinois losses mark an early setback for firms that are trying to establish themselves as power players in American politics. Continue reading...

• CMS actuaries forecast U.S. health spending at $5.3 trillion in 2024, outpacing economic growth to hit 20% of GDP by 2033. • Projections highlight unsustainable trajectory for national health expenditures. • Policymakers face pressure to address cost drivers in insurance, drugs, and services.

• The US national debt exceeded $39 trillion on Wednesday, a record milestone reached just weeks into the US-Israeli war in Iran, driven by competing priorities including tax cuts, defense spending, and immigration enforcement. • White House economic adviser Kevin Hassett estimated the Iran war has cost more than $12 billion so far, with the federal debt having grown from $37 trillion two months ago to $38 trillion five months ago, now reaching $39 trillion. • The Government Accountability Office warns rising debt increases borrowing costs for mortgages and cars, reduces business investment and wages, and makes goods and services more expensive for Americans.

$11.3bn more than enough to fund EPA or National Cancer Institute, where administration sought to slash budgetsSign up for the Breaking News US email to get newsletter alerts in your inboxThe US spent $11.3bn on just the first week of its military assault on Iran. This huge expenditure dwarves the annual budgets of many of the public health and scientific agencies the Trump administration has sought to cut, raising stark questions about the country’s priorities.In the six days that followed the US and Israel’s joint attack on Iran on 28 February, $11.3bn was spent on American taxpayer-funded bombs that hit the country and caused hundreds of deaths, the Pentagon has told lawmakers. This figure does not capture the full cost of the conflict, such as deployment of forces, and will now be far higher given the ongoing nature of the war. Continue reading...

• Nvidia is projecting a trillion-dollar chip market while the AI industry shifts focus from training giant models to inference, robotics, and real-world deployment at GTC 2026 in San Jose. • CEO Jensen Huang spotlighted new systems and platforms aimed at industrial use cases and physical AI applications, signaling that commercial viability increasingly depends on inference economics and enterprise adoption. • The market shift reflects where spending is heading: training remains critical, but applied AI and infrastructure orchestration are becoming more investable than generic model-building pitches.