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The United Nations is going broke as the U.S. and China withhold payments to the institution in a jostle for control. Washington has failed to pay billions of dollars owed to the international body and exited dozens of its programs and agencies, including the World Health Organization, to combat what President Trump describes as wasteful spending and bad policymaking. The U.S. is more than $4 billion in arrears to the U.N. China has compounded the U.N.’s liquidity crisis by slow-walking its own payments, even as Beijing declares itself the organization’s leading defender and, in a jab at the U.S., the...

Federal documents claim Phoenix Pride owes more than $400,000 and are now getting sued.PHOENIX — Phoenix Pride has filed for Chapter 11 bankruptcy protection, citing rising operational costs and declining sponsorship and fundraising support.The nonprofit, which has operated for 40 years and hosts Arizona’s two largest LGBTQ+ events, Pride Fest and Rainbow Fest, announced the filing Friday.In a statement, Phoenix Pride said rising operational costs, a lack of sponsorships and fundraising challenges tied to the current political climate have placed significant financial strain on the organization.Chapter 11 bankruptcy allows organizations to continue operating while restructuring their finances under court supervision.Phoenix...

The days of blank checks to NGOs is officially over. This is a huge savings for the United States as Russ Vought and the Office of Management and Budget have completely overhauled the federal grant system and are now making sure the TRILLION dollars we spend on grants are actually legit. Here's a video Andrew shared of Vought explaining the impact of this program last month, you can skip the first five minutes which is just idiot libtards protesting for no reason. BREAKING: Russ Vought at OMB has just overhauled $1 TRILLION in federal grants by adding: Strict E-Verify requirements,...

Disney's newest Star Wars movie, 'The Mandalorian and Grogu' just opened in theaters. It cost millions upon millions to make the film and it is absolutely getting its butt kicked by a small, independent horror movie called 'Obsession' which was made for a paltry $750,000. Of course, $750K is a lot of money, but not by the standards of a Hollywood movie. That's chump change. Even so, people are flocking to theaters to see 'Obsession' instead of Disney's newest expensive flick. Star Wars fans have just been burned too many times. Disney basically broke the franchise by using it to...

In mid-May, after extending the executive deadline, New York City Mayor Zohran Mamdani released his $124.7 billion Fiscal Year (FY) 2027 Executive Budget. After warning that NYC faces a budget crisis of “historic magnitude” in late April, Mamdani now assures the 8.5 million residents of the Big Apple that the city is on “firm financial footing” after he “balanced the budget” “without raising property taxes” or “slashing services.” While it is certainly true that Mamdani did not slash services or raise property taxes even higher than they already are, it is ludicrous for him to declare that NYC’s budget is...

Key FactsNew York lawmakers are planning the tax, Bloomberg reported, citing unnamed people familiar with the state budget negotiations who noted the proposal would be levied at 1% of the buying price and be paid by buyers. The legislators are also considering expanding the tax to $1 million or more cash purchases in the state that would incorporate the suburbs and upstate New York, Bloomberg added. The tax in New York City alone could generate up to $160 million, according to the unnamed sources Bloomberg cited. A spokesperson for Gov. Kathy Hochul, D-N.Y., told Bloomberg she “announced a general agreement...

A new estimate from the Congressional Budget Office suggests that the cost of building and maintaining the proposed “Golden Dome” missile defense system could reach roughly $1.2 trillion over two decades, far exceeding the $185 billion figure previously cited by Pentagon leadership. The ambitious program aims to significantly expand existing U.S. missile defense infrastructure. Plans include bolstering ground-based interceptors, upgrading sensor networks and enhancing command systems, while also introducing a major space-based component designed to identify, monitor and potentially intercept threats from orbit. This orbital layer would rely on a large network of satellites, including systems capable of engaging incoming...

New York City Mayor Zohran Mamdani unveiled a new budget that taxes the rich, forgoes a property tax hike, and depends on the generosity of Gov. Kathy Hochul to fill a budget gap Mamdani called historic. Mamdani's gap reprieve came in the 11th hour. The mayor was unrepentant in his determination to tax the rich and create a city that is more hospitable to working New Yorkers. The lingering question is whether it will drive businesses out and hurt the tax base. Mamdani said his preliminary budget proposal released 12 weeks ago, "reflected a straightforward reality. New York City was...

He’s being placeholder-ed in an awkward position. Mayor Zohran Mamdani could be forced to release his executive budget Tuesday with “placeholder” estimates on key sources of revenue, after he tried to rely on dysfunction-riddled Albany to reach a deal on its own spending plan and bail out the Big Apple, insiders revealed. The potential fill-in-the-blanks city budget plan is exactly what Mamdani tried to avert when he delayed its release from May 1 in hopes that Gov. Kathy Hochul and state lawmakers would reach a deal on its own long-delayed budget and give the city a windfall of new tax...

San Francisco's BART rail system is facing the possibility of sweeping station closures and potentially an even wider shutdown, as officials warn the cash-strapped transit agency is running out of money. The Bay Area network, which operates 50 stations across five counties, is confronting a projected budget deficit of roughly $376 million next fiscal year as ridership remains far below pre-pandemic levels and federal relief funding expires. The cash-strapped transit agency is hurtling toward a financial cliff as ridership remains far below pre-pandemic levels and emergency federal funding dries up. Under a proposed emergency service plan, BART could eliminate rail...

WASHINGTON, May 8 (Reuters) - The U.S. Postal Service on Friday reported a net quarterly ​loss of $2 billion as it faces a growing financial crisis and has ‌warned it could run out of cash as soon as February. USPS said mail volumes fell another 6.3% in the three months ending March 31 as operating revenue rose 2.3% to $20.2 billion ​over the same quarter last year. USPS last month said it would temporarily ​suspend employer payments for a federal pension program to conserve cash ⁠and plans to raise the price of first-class mail stamps to 82 cents ​from 78...

As the Trump administration continues its effort to root out federal funding for diversity initiatives, the National Institutes of Health has modified its grant review process to identify research that contains words associated with race or gender, which has held up some grant disbursements and forced scientists to rewrite proposals. “I feel that this kind of censorship is making the path forward to support narrower and narrower research only to include, for example, white, straight, cisgender men,” said a program director at one of NIH’s institutes. “Any other population is being scrutinized, which is highly, highly, highly problematic for a...

Omar explains how New York City's newly elected leadership is confronting a multi-billion dollar budget hole that threatens the very affordability programs that fueled their historic campaign. From free childcare and rent freezes to universal transit, Omar argues that these ambitious policies are colliding with a structural reality: a city budget dependent on state intervention and a foundation already showing dangerous stress fractures... also highlights the growing political tension between the city's executive branch and the state leadership in Albany, including figures like Governor Kathy Hochul and Lieutenant Governor Antonio Delgado. Mamdani LOSES ITAfter Hochul OFFICIALLY REJECTS$5.4B NYC Bailout For...

On the 76th day since Department of Homeland Security funding lapsed, Congress passed a bill Thursday restoring the flow of federal dollars to most of its agencies — without solving any of the policy disagreements that led to the record-breaking shutdown. The House approved by voice vote the partial DHS funding measure the Senate passed more than a month ago. President Donald Trump is expected to swiftly sign the bipartisan legislation, fully funding the Coast Guard, TSA, Secret Service, FEMA and the Cybersecurity and Infrastructure Security Agency, along with other offices within DHS that don’t deal with immigration enforcement. Now...

The House on Thursday passed a bill to fund the bulk of the Department of Homeland Security (DHS), minus Border Patrol and Immigration and Customs Enforcement (ICE), a major step toward ending the record-breaking, 10-week shutdown. The bill passed by voice vote less than an hour after Republican leaders sent out a notice that the chamber would consider the legislation amid increasing pressure from the White House, Senate, and Republican rank-and-file. The bill passed the Senate last month and now goes to President Trump’s desk for his signature. Speaker Mike Johnson (R-La.) had sat on the bill for weeks, but...

NYC Mayor Zohran Mamdani declares a “budget crisis,” seeks a state bailout, and delays the deadline for finalizing the city budget by at least 10 days.

A Maine city councilor will face an ethics board review after he was heard complaining about 'illegals' in his community. Bangor City Councilor Wayne Mallar, 81, discussed a proposed budget increase for multilingual services in schools at a Board of Ethics meeting on March 31. 'The school department's asking for a 10 percent increase. As far as I'm concerned, they get no increase,' he said - seemingly unaware his comments were being picked up by a microphone. 'They can't speak English, read English or write English. It's not a disability. We do not have to furnish. They're probably all illegals...

We're not quite to the ultimate goal yet, but the momentum is there to get the employees of the DHS back to receiving their paychecks. On Wednesday, the House passed a procedural vote on funding for the Department of Homeland Security and FISA along party lines, after removing a third component of the package: House Republican leaders on Wednesday cleared a major hurdle when they corralled members into adopting a rule to tee up consideration of two major pieces of legislation: reauthorization of the nation’s foreign spy powers and a budget blueprint to fund immigration enforcement. The House voted 216-210...

ALBANY- Poor us! A Democratic state lawmaker in the highest paid chamber in the nation pitched a bill that would allow her and her colleagues to skirt paying their utility and internet bills as Albany struggles to reach a budget deal. Assemblywoman Larinda Hooks (D-Queens) is pushing proposed legislation that would force energy companies to keep the lights on for legislators even if they don’t fork over their dough while they aren’t getting paid due to a late budget. “New York State employs over 130,000 individuals whose compensation depends on timely budget enactment,” a memo accompanying the bill said. “When...

Sen. Rick Scott (R-FL) is pushing back on a Republican proposal to spend up to $400 million in federal funds on President Donald Trump’s planned White House ballroom, citing the nation’s mounting debt and deficit spending. Scott’s comments came after Sen. Lindsey Graham (R-SC) announced legislation Monday that would help finance the ballroom project with federal dollars. Graham argued the facility would serve security and operational purposes beyond hosting events. “Underneath it will be a lot of military stuff. There will be a Secret Service annex, and we pay for it by offsetting it with customs fees,” Graham said at...