Posts Tagged ‘ budget ’

Reuters – The Spanish economy shrank for the first time in two years in the fourth quarter, the start of what economists fear could be a prolonged slump as Madrid implements harsh austerity measures to deflate a massive budget deficit.
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AP – Australian lawmakers on Wednesday narrowly approved tax hikes for the wealthy that will help the government meet its pledge to deliver a budget surplus next year.
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AP – The new budget that President Barack Obama is sending to Congress aims to achieve $4 trillion in deficit reduction over the next decade by restraining government spending and raising taxes on the wealthy. To help a weak economy, Obama’s proposal Monday requests increases in transportation, education and other areas.
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AP – The president will send Congress a budget that will provide short-term help to a struggling economy while offering a long-term plan to deal with soaring deficits, the White House said Sunday. Republicans attacked the spending blueprint as offering more of the same failed solutions for the economy.
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Reuters – The French government is set to revise down its estimate for 2012 economic growth in an upcoming revision to its budget bill, a government source said on Sunday.
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Reuters – Spain’s new government said on Friday that this year’s budget deficit would be much larger than expected and announced a slew of surprise tax hikes and wage freezes that could drag the country back to the centre of the euro zone debt crisis.
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AP – The Senate passed legislation Saturday extending a Social Security payroll tax cut and jobless benefits for just two months, handing President Barack Obama a partial victory while setting the stage for another fight in February.
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pimg style=float:right; src=http://static7.businessinsider.com/image/4e677c93eab8ea6023000000/detroit.jpg border=0 alt=Detroit //ppDetroit Mayor Dave a class=hidden_link href=http://www.businessinsider.com/blackboard/bingBing/a is upset about a possible takeover by the state. Bing says We know what needs to be done, and we stand ready to do it.br /br /I have a simple suggestion for Bing don’t stand ready to do it, just do it. a...
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AP – The Australian government said Tuesday that it remains on target to return the budget to a narrow surplus in the next fiscal year despite the European debt crisis slashing revenue by $20 billion over four years.
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The Pentagon already plans to cut about $500 billion from its budget over 10 years. Now, it faces another $500 billion in cuts. Defense Secretary Leon Panetta warns that it would lead to a hollow force. Although the cuts would be large, they aren’t as steep as what the military has absorbed in the...
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Reuters – German Finance Minister Wolfgang Schaeuble said on Monday that Italy would not need a bailout if it sticks to its budget plans, but he also warned that the euro zone’s third-largest economy was too big for the region’s emergency fund to support.
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After three years of belt-tightening, Tom Van De Water, 41, a customer information systems manager in Stratham, N.H., has finally loosened the family budget. This year he and his wife, Alyson, 41, celebrated their 10th anniversary in St. Lucia, and she bought him a pricey watch for his birthday. Are these signs of a...
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