President using rare power to revoke expenditure with bipartisan approval to aid immigrant services Donald Trump is canceling nearly $1bn in spending approved by Congress, the White House announced on Friday, using a rare and contested power to axe funding for immigrant services and diversity-focused initiatives. Trump’s office of management and budget described the funding cut as focused on “the most harmful government spending”. Continue reading... from The Guardian https://ift.tt/6cXmJkl via IFTTT
Bank of England says individuals borrowed extra £2.1bn in consumer credit in November
Credit card borrowing rose at the fastest annual rate for almost two years in November, according to the Bank of England, as households took on debt to finance the rising cost of Christmas.
In a snapshot covering the month of Rachel Reeves’s highly anticipated autumn budget, the central bank said individuals borrowed an additional £2.1bn in consumer credit, up from a £1.7bn increase in October.
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