Government Spending
Congress OKs stopgap, broader budget battle begins
Mar 22, 2013 02:35 EDT
American lawmakers averted a feared government shutdown by approving a stopgap spending bill, but heated debate over future federal spending took shape as they clashed over budget plans.
Congress OKs stopgap, broader budget battle begins
Mar 21, 2013 22:00 EDT
US lawmakers approved a funding stopgap Thursday that prevents a government shutdown, but their clash over budget blueprints signaled a contentious debate over the future of federal spending.
Congress OKs budget stopgap, broader battle begins
Mar 21, 2013 17:11 EDT
US lawmakers approved a funding stopgap on Thursday to keep the US government operating through September and took a step towards adopting a blueprint for a decade of budget austerity.
Canada cuts growth forecast
Mar 21, 2013 16:21 EDT
Canada's finance minister unveiled a no-frills budget on Thursday that aims for a return to black in 2015 despite a lower economic growth forecast of 1.6 percent for this year.
US House OKs stopgap funding, approves Ryan budget
Mar 21, 2013 11:53 EDT
Congress approved a funding stopgap Thursday to keep the US government operating through September, while the House backed a Republican blueprint that lays out budget austerity for the next decade.
US Senate approves stop-gap funding bill
Mar 21, 2013 01:58 EDT
A bill to avert a US government shutdown has won passage from a divided US Senate after lawmakers cut deals on amendments, setting the stage for the president to sign it this week.
US Senate approves stop-gap funding bill
Mar 20, 2013 22:39 EDT
A divided US Senate came together Wednesday to approve legislation that avoids a government shutdown, with the compromise stopgap likely headed to the president's desk this week.
Fed holds course amid government spending cuts
Mar 20, 2013 16:39 EDT
The Federal Reserve kept its easy monetary policies in place Wednesday, saying high unemployment and the government's sharp spending cuts remain barriers to full recovery from the 2008 crash.
Gap between rich and poor widening in Spain: charity
Mar 20, 2013 16:26 EDT
The income gap between the richest and poorest people in Spain has widened by 30 percent since 2006 due to the country's sharp economic downturn, the Spanish branch of Catholic charity Caritas said Wednesday.
Fed warns US spending cuts could hit growth, jobs
Mar 20, 2013 14:57 EDT
Federal Reserve Chairman Ben Bernanke warned Wednesday that broad-based US government spending cuts could curb the economic and jobs recovery.
Govt to unveil tough new budget
Mar 20, 2013 04:15 EDT
The government was Wednesday set to unveil plans to grow Britain's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.
Gov't to unveil tough new budget
Mar 19, 2013 23:12 EDT
The government was Wednesday set to unveil plans to grow the country's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.
Britain awaits tough new budget
Mar 19, 2013 23:04 EDT
Britain's government was Wednesday set to unveil plans to grow the country's recession-threatened economy, despite insisting on greater state savings as it struggles to meet its deficit-reduction target.
FBI says budget cuts threaten counterterrorism ops
Mar 19, 2013 20:21 EDT
FBI director Robert Mueller warned that the sharp budget cuts affecting all US agencies, including the federal police force, threaten crucial counter-terrorist operations.
Harrison Ford and the Sequester of Doom
Mar 19, 2013 17:54 EDT
He has taken on Nazi tomb raiders, Soviet spies and even Darth Vader's Death Star, but Hollywood legend Harrison Ford was cracking the whip Tuesday against a more potent domestic enemy: budget cuts.
UK ministries 'face new cuts in budget'
Mar 19, 2013 13:10 EDT
Chancellor George Osborne will order ministries to make a further £2.5 billion in cuts over the next two years in his budget this week, the government said Tuesday.
Ministries face new cuts in budget: UK govt
Mar 19, 2013 11:28 EDT
British finance minister George Osborne will order ministries to make a further £2.5 billion in cuts over the next two years in his budget this week, the government said Tuesday.
Cyprus urged to 'swap bank deposits for CDs'
Mar 19, 2013 11:19 EDT
A top US debt restructuring expert has recommended that Cyprus convert large bank deposits into term deposits to stem the crisis and avert a run on the country's banks when they reopen.
BBC to sell Lonely Planet at £80 mn loss
Mar 19, 2013 08:04 EDT
The BBC's commercial arm is selling the Lonely Planet travel guide business to a US media firm at a loss of almost £80 million, the British broadcaster said on Tuesday.
Fed likely to stay course as Cyprus roils markets
Mar 18, 2013 16:10 EDT
The Federal Reserve looked set to keep its loose monetary policy in place this week as a shock Cyprus plan to seize bank deposits stoked fears of a reigniting eurozone banking crisis.
