The country applies an 8% consumption tax rate for food and 10% for other items, with the proceeds mostly used to fund social ...

NEWYou can now listen to Fox News articles! President Donald Trump's "Big, Beautiful Bill" is facing criticism, even from ...

Billionaire Elon Musk plunged yesterday into the congressional debate over President  Donald Trump’s sweeping tax and spending ...

Scotland's housing emergency-hit capital is engulfed by a 'frightening' £1.7bn sea of debt which is set to rise by £1bn by the end of the ...

Elon Musk calls Trump’s tax and spending bill a “disgusting abomination,” warning it will deepen America’s already massive debt.

In his book "How Countries Go Broke: The Big Cycle," published on Tuesday, he wrote that the US government's debt situation is "approaching a point of no return" and is heading toward a "death spiral" ...

Musk further claimed it would worsen the budget deficit and burden citizens with debt, urging accountability for politicians.