Budget news — September 4, 2026

6 publications

1. U.S.Budget

   Sep 4, 2026, 19:58 UTC

   

   Record High Gas Prices Expected for Labor Day

   Gas prices are surging just before Labor Day, with Americans facing record high prices for this time of year. Diesel has reached an all-time high of $5.85 a gallon, according to AAA. Travelers hitting the road for the holiday weekend are set to feel significant pain at the pump.

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2. BusinessBudgetTaxTrade

   Sep 4, 2026, 19:33 UTC

   

   Diesel Tax Cut Extension to September 10 Planned

   The Italian government is considering extending the tax cut on diesel fuel by 17 cents per liter until September 10. After this period, targeted measures are being studied to provide aid to low-income earners and those most affected by the increased costs.

   4 sourcesSee all sources
3. BusinessBudgetTrade

   Sep 4, 2026, 15:20 UTC

   

   Trump Threatens to Halt Trade with Deficit Nations if Fed Doesn't Cut Rates

   US President Donald Trump praised strong August job numbers and demanded that the Federal Reserve (Fed) lower interest rates. He threatened to stop trading with countries that have a surplus with the US if the Fed doesn't comply. Trump argued that the strength of the US economy makes it a solvent credit, deserving lower rates. He believes the Fed should 'be patriotic' and follow his demand.

   26 sourcesSee all sources
4. ScienceNorth AmericaBudgetTrade

   Sep 4, 2026, 11:13 UTC

   

   AI Data Center Boom: $31.6 Trillion by 2050

   Global data center spending is set to reach $31.6 trillion through 2050 to meet the world's growing appetite for AI, an investment boom with no precedent in history, according to PricewaterhouseCoopers. The bulk of the spending will go into hardware like AI chips from Nvidia, with the US capturing nearly half of the projected spending. However, power availability, data sovereignty, and semiconductor supply chains will shape where investments occur. The AI infrastructure cycle dwarfs previous capital-intensive projects like the internet and electrification, resetting every four to six years.

   32 sourcesSee all sources
5. ScienceBudget

   Sep 4, 2026, 08:34 UTC

   

   Oil Companies' Billion-Dollar Investments in Refinery Protection Won't Affect Gasoline Prices, Says Novak

   Russian Deputy Prime Minister Alexander Novak has assured that billion-dollar investments by oil companies in protecting refineries will not affect gasoline prices. Novak stated that companies are actively implementing recommended protection systems, which are 'more serious' than before. Requirements for passive protection of refineries have been developed and communicated to enterprises, with companies working actively on this. Novak's comments come amidst Russia's ongoing fuel crisis and efforts to protect refineries from potential attacks.

   9 sourcesSee all sources
6. WorldBillMiddle EastBudget

   Sep 4, 2026, 06:23 UTC

   

   Turkey's Fuel Prices Surge Amidst Global Oil Market Fluctuations

   Turkey's fuel prices have witnessed a significant surge due to global oil market volatility and changes in exchange rates. The price of gasoline per liter has increased by an average of 7.79 Turkish Liras, surpassing 90 Turkish Liras in many cities. Diesel prices have also risen, approaching 80 Turkish Liras. These increases follow a previous hike of approximately 3.60 TL per liter after a VAT increase. Motorin prices are expected to exceed 90 TL per liter in some major cities, leading to substantial fuel cost increases for vehicle owners.

   9 sourcesSee all sources