Feb 14, 2013 10:19 EST
France is set to revise down its target for growth this year, Finance Minister Pierre Moscovici signalled on Thursday.
Feb 13, 2013 15:57 EST
Steep automatic spending cuts slated for March 1 could stall the US economic recovery, Jack Lew, the nominee for US Treasury secretary, told Congress Wednesday.
Feb 13, 2013 15:32 EST
French officials conceded Wednesday that France is unlikely to achieve its target of reducing its public deficit to 3.0 percent of output this year.
Feb 13, 2013 10:05 EST
US retail sales rose slightly in January, held back by a drop in auto sales as consumers took a breather after December's holiday shopping season, official data released Wednesday showed.
Feb 13, 2013 04:54 EST
French Foreign Minister Laurent Fabius said on Wednesday that France was unlikely to achieve its target of reducing its public deficit to three percent of output this year.
Feb 12, 2013 23:09 EST
As the world digests the proposals put forth by President Obama and his rival Republicans, AFP is closing its Live Report on the State of the Union.
Feb 12, 2013 19:07 EST
US Senator Marco Rubio, in the Republican response to Tuesday's State of the Union, challenged President Barack Obama to abandon his tax "obsession" and find a way to boost growth and cut the deficit.
Feb 12, 2013 15:27 EST
The US government budget showed a surplus in January for the first time since September as the overall budget deficit trended lower, Treasury Department data released Tuesday showed.
Feb 12, 2013 14:44 EST
An expert panel on Tuesday urged Canada to leverage hundreds of billions of dollars in planned defense spending to build up its defense sector, in order to bolster its economy.
Feb 09, 2013 07:10 EST
US President Barack Obama urged Congress Saturday to find a balanced approach to deficit reduction, warning that steep budget cuts known as "the sequester" would hurt the economy and threaten thousands of American jobs.
Feb 09, 2013 00:27 EST
Venezuela said it was devaluing its currency by 32 percent against the dollar on the orders of cancer-stricken President Hugo Chavez, in part to trim a bloated budget deficit.
Feb 08, 2013 21:13 EST
Venezuela said it is devaluing its currency by 32 percent against the dollar on the orders of cancer-stricken President Hugo Chavez, in part to trim a bloated budget deficit.
Feb 08, 2013 18:14 EST
The White House warned Friday that billions of dollars in automatic budget cuts set to kick in on March 1 were a "blunt" instrument that could wreak deep damage to the already fragile US economy.
Feb 08, 2013 17:46 EST
President Barack Obama on Friday warned that looming budget cuts would damage the US military's readiness and urged lawmakers to strike a deal to avoid the massive spending reductions.
Feb 07, 2013 16:27 EST
European Union leaders found themselves poles apart on the bloc's budget for the rest of the decade, with a tense summit opening six hours late Thursday amid efforts to reach a compromise.
Feb 07, 2013 15:45 EST
EU leaders opened tough talks over a trillion-euro budget hours late Thursday amid sharp differences over spending cuts and investment for growth and jobs.
Feb 07, 2013 14:56 EST
Defense chiefs on Thursday defended the military response to a militant attack on a US mission in Libya, but warned looming deep budget cuts threaten America's ability to protect itself.
Feb 07, 2013 14:11 EST
The US military is not a 911 service ready to rush to every emergency around the world, Pentagon chief Leon Panetta told lawmakers Thursday, defending the response to an attack on a mission in Libya.
Feb 07, 2013 13:41 EST
Frantic talks delayed the start of a tense summit Thursday on the EU's budget -- with Germany unsure of a deal and Britain at loggerheads with France over spending for the rest of the decade.
Feb 06, 2013 18:17 EST
The US military will maintain only one aircraft carrier in the Gulf instead of two due to potential deep budget cuts that could kick in next month, Pentagon officials said Wednesday.