An incoming government wants to borrow much more to revamp the economy and rebuild the military. That means a change in the country’s Constitution — and its culture.

The German parliament has voted in favour of a huge fiscal package and changes to the debt brake. Click to read.

Germany’s top court rejected additional attempts to prevent the nation’s outgoing parliament from making changes to the constitution to remove limits on defense borrowing and set up a €500 billion ($546 billion) infrastructure fund.

Germany's parliament voted Tuesday in favor of incoming chancellor Friedrich Merz's massive debt reform, which will free up hundreds of billions of euros for Europe's defenses amid Russia's ongoing war in Ukraine.

The dollar eased against the euro on Tuesday as Germany's parliament approved plans for a massive spending surge on Tuesday and as the Federal Reserve kicked off its March policy meeting that could offer clues to the path of U.