World Leaders Face Tough Budget Choices in 2025

Dec. 24 Edition. The WSJ’s David Luhnow and Juan Forero say next year could spell trouble for leaders contending with tricky fiscal math. Plus, American Airlines briefly halts all flights, but a holiday travel meltdown is averted. And Nippon Steel’s plan to buy U.S. Steel is referred to President Biden for review. Luke Vargas hosts. Programming note: The next episode of What’s News will be released midday Thursday. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices