Federal Budget (U.S.) Austerity

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  • Why Syriza's election victory is good news Sunday, 20 Sep 2015 | 6:20 PM ET
    Why Syriza's election victory is good news

    Fariborz Moshirian, director of Institute for Global Finance, UNSW Business School, says the national elections on Sunday will likely lead to "political and finance stability" in Greece.

  • SAN JUAN/ NEW YORK, Sept 18- Business is tough enough already for Carlos Jimenez without having to face higher taxes. Fast Lane, his three-location car-wash chain in Puerto Rico, has laid off about half the 106 employees it had in 2007.. The new levies come as the Puerto Rican government pursues a plan to jumpstart its foundering economy and claw its way out of a $72...

  • BRASILIA, Sept 14- Brazil's government announced spending cuts and tax increases totaling 65 billion reais on Monday as it scrambles to close a budget deficit that led to a downgrade of the country's credit rating last week. The biggest item was the revival of the unpopular CPMF tax on financial transactions that will raise 32 billion reais next year if it...

  • BRASILIA, Sept 14- Brazil's government announced spending cuts and tax increases totaling 65 billion reais on Monday as it races to close a budget deficit that led to a downgrade of the country's credit rating last week. The biggest item was the revival of the unpopular CPMF tax on financial transactions that will raise 32 billion reais next year if it passes a...

  • BRASILIA, Sept 3- The Brazilian government dismissed market rumors on Thursday that Finance Minister Joaquim Levy was quitting because of disagreements over his austerity plan. Brazil's currency rebounded from 12- year lows on news that Levy was staying in the job and attending a budget meeting with President Dilma Rousseff. The budget bill, sent to Congress...

  • Brazil's currency rebounded from 12- year lows on news that Levy was staying in the job and attending a budget meeting with President Dilma Rousseff. The budget bill, sent to Congress on Monday, was Brazil's first-ever to forecast a primary deficit, highlighting Levy's failure to shore up federal accounts to save the country's investment-grade rating.

  • BRASILIA, Sept 3- Brazilian Finance Minister Joaquim Levy on Thursday canceled his trip to the G20 summit in Turkey to meet with President Dilma Rousseff about a 2016 budget bill later in the day, two government officials told Reuters. Brazil's currency rebounded from 12- year lows on the news, firming 0.6 percent in afternoon trading. Planning Minister Nelson...

  • BRASILIA, Aug 31- The Brazilian government on Monday for the first time ever sent Congress a budget bill that forecasts a primary deficit and urged lawmakers to help fix a fiscal crisis that threatens the country's investment-grade rating. The deficit projection underscored Rousseff's need to find new sources of revenue as tax collection plummets and she...

  • BERLIN, Aug 28- Germany posted a record-breaking 21 billion euro surplus in the first half of 2015 but has turned a deaf ear to criticism from home and abroad that it should cut taxes or raise public spending to help alleviate pressures in the euro zone. Her party is expected use Germany's return to budget surpluses as a cornerstone of its 2017 election campaign.

  • *UK public finances record first July surplus in three years. LONDON, Aug 21- Britain's public finances recorded their first July surplus in three years, as the country's economic upturn spurred the strongest income tax receipts for the month since records began in 1997.. The Office for National Statistics reported a public finance surplus, excluding banks, of...

  • Greece: Not so happy Monday! Monday, 20 Jul 2015 | 9:08 AM ET

    Monday should have been a good day for Greece with banks re-opening and receiving over 7 billion euros in financing. But turns out, they don't have much to celebrate.

  • Tsipras in trouble within Syrzia: Control Risks Wednesday, 15 Jul 2015 | 9:20 PM ET
    Tsipras in trouble within Syrzia: Control Risks

    Michael Moran, Managing Director for Global Risk at Control Risks, describes the political trouble the Greek PM is currently in.

  • Greek bailout: What happens now? Tuesday, 14 Jul 2015 | 12:58 PM ET
    Alexis Tsipras, Greece's prime minister, center, reacts as he leaves following all-night bailout talks in Brussels, July 13, 2015.

    Expect serious political fallout following the third Greek bailout, says Warwick professor Haridimos Tsoukas.

  • Despite 'agreekment,' Athens is still in trouble Monday, 13 Jul 2015 | 10:31 PM ET
    Despite 'agreekment,' Athens is still in trouble

    John Calverley, Head, Global Thematic Research at Standard Chartered, warns of looming trouble in Greek politics.

  • Can Tsipras sell bailout deal to Greek people? Monday, 13 Jul 2015 | 8:40 PM ET
    Can Tsipras sell bailout deal to Greek people?

    Lindsey Piegza, Chief Economist at Stifel Fixed Income, says getting the Greek population on board with Monday's bailout plan will require "extreme political maneuvering."

  • New Greek deal is worse than last: JP Morgan Monday, 13 Jul 2015 | 8:15 PM ET
    New Greek deal is worse than last: JP Morgan

    Guillaume Chatain, Executive Director and Head of Equity Solutions at JP Morgan Private Bank, expects Athens to seek changes to Monday's bailout deal over the next couple of months.

  • This isn't the end of Greek drama: Expert Monday, 13 Jul 2015 | 7:32 PM ET
    This isn't the end of Greek drama: Expert

    Jason Brady, Head of Fixed Income & Managing Director at Thornburg Investment Management, doesn't expect the Greek citizens to willingly accept the new harsh measures outlined in the bailout deal.

  • Greek crisis: 'Agreekement' confirmed Monday, 13 Jul 2015 | 5:13 AM ET
    Greek Prime Minister Alexis Tsipras speaks with German Chancellor Angela Merkel (L) and French President Francois Hollande at a euro zone leaders summit in Brussels, Belgium, July 12, 2015.

    Twitter broke the news. After a record 17 hour-long emergency euro summit, a deal between Greece and the Eurogroup has been struck.

  • Why Germany's time-out idea is 'half-baked' Sunday, 12 Jul 2015 | 7:43 PM ET
    Why Germany's time-out idea is 'half-baked'

    Mark Melatos, Senior Lecturer at the University of Sydney's School of Economics, explains why a 5-year exit from the common currency isn't likely for Greece.

  • Does 'no' mean 'no' in Greece? Sunday, 12 Jul 2015 | 5:47 PM ET
    Does 'no' mean 'no' in Greece?

    CNBC's Michelle Caruso-Cabrera and Stathis Kalyvas, Yale professor, discuss whether Alexis Tsipras' new plan has a chance of passing in the Greek parliament.