Elon Musk on Tuesday sharply criticized the major tax-and-spending-cut bill supported by President Donald Trump, calling it a “disgusting abomination” and warning that it would significantly increase federal budget deficits.

Germany’s national bank has reported record losses of €19.2 billion, marking its first deficit since 1979.

Elon Musk called on Thursday for the "deletion of entire agencies" from the United States' federal government.

The State Duma, Russia's lower house of parliament, has approved the draft federal budget for 2025, along with the planning period for 2026-2027, in its third and final reading, News.az reports citing TASS.

The Russian Finance Ministry expects 166.72 bln rubles ($1.96 bln) of additional oil and gas revenues for the Russian budget in August, the ministry said in a statement.

The Russian Ministry of Finance expects additional oil and gas revenues to reach 140.7 bln rubles ($1.57 bln) in June, the ministry said on Wednesday.

The federal budget deficit in Russia amounted to 3.963 trillion rubles ($43.64 bln) over the first four months of 2024, the Russian Federal Treasury said.