September 08, 2025
United States:
Trump Asks Supreme Court to Keep Freeze on Expiring Foreign Aid
The Trump administration has asked the US Supreme Court to leave in place a freeze on foreign assistance funding, a move that could mean at least some of the billions of dollars at stake in the legal fight will expire at the end of this month.
The emergency request to the justices on Monday follows a series of recent lower court losses for the administration. Late last week, a federal appeals court voted 2-1 to leave in place a Washington district judge’s order that requires the State Department and US Agency for International Development to commit to spending the aid, a process known as obligating.
Trump Asks Supreme Court to Keep Freeze on Expiring Foreign Aid – Bloomberg
Europe:
French Premier Warns of Debt Crisis as Government Teeters
Prime Minister Francois Bayrou emphasized the need to fix France’s fiscal problems ahead of a confidence vote later Monday that will likely lead to his government’s collapse.
“Everything, positive and negative, adds up to one question: The question of spending and debt,” Bayrou said in the National Assembly. He added that France is “drowning in a tide of debt,” saying that the country is facing a “moment of truth.”
Indonesia: Prabowo’s Removal of Finance Minister Indrawati Set to Rattle Markets – Bloomberg
Asia:
Indonesian Minister’s Sudden Exit Sparks Alarm for Global Funds
The sudden removal of Sri Mulyani Indrawati as Indonesia’s finance minister is bound to rattle global investors, who saw her as a voice of fiscal responsibility in an administration pushing for bigger spending.
Even before the late Monday announcement, rumors that Indrawati might resign had weighed on markets. Investors feared her departure would jeopardize Indonesia’s hard-fought efforts to build credibility around its budget target. Fund managers weren’t shy to say Indrawati was why they put money in Southeast Asia’s biggest economy. And with the abrupt announcement that Indrawati has been replaced by the lesser-known Purbaya Yudhi Sadewa, markets face heightened volatility.
Indonesia: Prabowo’s Removal of Finance Minister Indrawati Set to Rattle Markets – Bloomberg
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