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Federal Budget (U.S.) Austerity

  • UK FinMin should not be reckless: Economist

    British Finance Minister Phillip Hammond should "play it safe and wait for ... the fog to clear" post-Brexit, says Simon Wells, chief UK economist at HSBC.

  • *Germany is only big state not hitting EU fiscal limits. BRUSSELS, Nov 16- The European Union effectively urged the German government to spend more in an election year as Brussels moved further away on Wednesday from its mantra of austerity, pushing for euro zone countries to loosen their budgets for 2017.. But since France, Italy and Spain are among those butting...

  • BRUSSELS, Nov 16- The European Commission said on Wednesday it will not suspend EU funds for Spain and Portugal next year following their breach of EU budget rules, as it also called for looser fiscal policy across the euro zone. Spain and Portugal were found in breach of EU fiscal rules last year, but the Commission has concluded there is no need to sanction them as...

  • *Budget deficit reduction set to exceed original plan. *Foreign borrowing channel eases pressure on currency. RIYADH, Nov 3- Saudi Arabia has avoided an economic crisis due to low oil prices this year but the outlook for state finances and growth will remain murky for many months to come, businessmen and analysts in the kingdom say.

  • The flagship measure in President Michel Temer's effort to restore Brazil's fiscal discipline cleared the lower house of Congress last week and the government is confident it can win Senate approval by mid-December. Senator Eunicio Oliveira, Senate leader for Temer's Brazilian Democratic Movement Party, said Brazil was running out of time to put its books...

  • CAIRO, Oct 23- A cartoon which appeared on social media shows a drowning Egyptian, only his hand protruding from the depths, waving for help. The next strips show President Abdel Fattah al-Sisi diving in, taking the drowning man's watch and turning away. As part of reforms aimed at clinching a $12 billion IMF loan needed to plug its gaping budget deficit, the...

  • CAIRO, Oct 23- A cartoon which appeared on social media shows a drowning Egyptian, only his hand protruding from the depths, waving for help. The next strips show President Abdel Fattah al-Sisi diving in, taking the drowning man's watch and turning away. As part of reforms aimed at clinching a $12 billion IMF loan needed to plug its gaping budget deficit, the...

  • BRASILIA, Oct 6- A congressional committee in Brazil approved a constitutional amendment on Thursday that would limit public spending increases for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit. Its approval requires two votes in the plenary of the lower house and two more in the Senate, needing a...

  • BRASILIA, Oct 6- A congressional committee in Brazil approved a constitutional amendment on Thursday that would limit public spending increases for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit. Its approval requires two votes in the plenary of the lower house and two more in the Senate, needing a...

  • LISBON, Oct 6- Portugal aims to narrow its budget deficit to just under 2 percent of gross domestic product next year, its top finance official said on Thursday, in an effort to convince credit rating agencies to maintain their ratings. Heavily indebted, slow-growing Portugal needs to maintain at least one investment grade rating from a recognized rating agency...

  • Room for a different type of fiscal police in Greece: Opposition

    Kyriakos Mitsotakis, president of the Greek New Democracy opposition party, says that the current government is "pretending to implement real reforms."

  • Paul Johnson, director of the Institute for Fiscal Studies, discusses the potential for more austerity driven fiscal policy in British politics.

  • Brazil Politics

    Only 54 senators are needed to vote for a formal impeachment of Rousseff, with 49 declaring their willingness to do so, says CSIS' Michael Metera.

  • UK Chancellor of the Exchequer George Osborne speaks at a Conservative Party Conference.

    George Osborne, the U.K.'s austerity chancellor, was replaced in new Prime Minister Theresa May's cabinet reshuffle.

  • UK Chancellor of the Exchequer George Osborne speaks at a Conservative Party Conference.

    British finance minister George Osborne warned voters that he will take new austerity measures if they decide to leave the bloc in next week's referendum.

  • Instead of delivering growth, some neoliberal policies have increased inequality, according to a recent report from the IMF.

  • Larry Summers: Damage of repressed deficits

    Larry Summers, Harvard University professor and former Treasury Secretary, shares his thoughts on deferred debt, the global economy, and trade wars.

  • The human cost of an economic crisis

    Nicos Anastasiades, President of Cyprus, says governments need to achieve budgetary discipline without harming vulnerable members of society.

  • German Chancellor Angela Merkel.

    German Chancellor Angela Merkel, who's usually seen as Europe's indispensable leader, is in danger of losing that role.

  • French army soldiers secure the area around the nuclear-powered aircraft carrier Charles de Gaulle as it leaves the naval base of Toulon, France, November 18, 2015.

    After years of working to tighten budgets, European nations are now grappling with whether to boost defense expenditures.