Federal Budget (U.S.) Deficits

  • JUNEAU, Alaska— The state of Alaska has opened an office in Tokyo to help promote trade and advance a long hoped-for natural gas pipeline project. The office and the hiring of Masatoshi Nick Shiratori to direct it was only announced to companies doing business with the state on Jan. 12. Alaska faces a multibillion dollar budget deficit because of chronically low...

  • RUSSIAN 2017 BUDGET DEFICIT SEEN AT 1.5 PCT OF GDP IF URALS OIL AT $50 AND BUDGET RULE IMPLEMENTED- FINANCE MINISTRY DOCUMENTS.

  • Donald Trump's pick for the Treasury Department says that the incoming administration won't increase the government's budget deficit in an upcoming overhaul of the tax code. Steven Mnuchin told the Senate Finance Committee that the incoming Trump administration wants to make sure that "tax reform doesn't increase the size of the deficit" and wants to cuts...

  • WASHINGTON, Jan 17- A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost. "If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more...

  • WASHINGTON, Jan 17- A leading proponent of low interest rate policy at the Federal Reserve said on Tuesday the U.S. central bank might hike interest rates more aggressively if deficit spending under the Trump administration leads to a quick economic boost. "If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being...

  • The Treasury Department said Thursday that the December budget deficit was $27.5 billion, nearly double the $14 billion in December 2015. The adjusted deficit for October through December was $230 billion, up by nearly one-third from $174 billion a year ago. The federal government's largest health care programs, Medicare and Medicaid, saw spending increase 5...

  • EM broadly in good shape: Fund manager

    Maya Bhandari, multi asset fund manager at Columbia Threadneedle, weighs in on the emerging market space ahead of the incoming Trump administration.

  • PORTUGUESE FINANCE MINISTER SAYS 2016 BUDGET DEFICIT HIGHLY LIKELY BELOW 2.4 PCT/ GDP TARGET.

  • HARRISBURG, Jan 6- Pennsylvania will close two state prisons by June 30 to help offset a projected $600 million revenue shortfall in this year's budget, state officials said on Friday. Pennsylvania is also facing a $1.7 billion structural deficit next fiscal year. Closing the two most expensive prisons, SCI Allegheny in Pittsburgh and SCI Waymart in the...

  • BUENOS AIRES, Dec 30- Incoming Treasury Minister Nicolas Dujovne said on Friday he would aim to cut Argentina's expected budget deficit for 2017, currently seen at 4.2 percent of GDP, with revenue from a tax amnesty program and an eye toward lower spending. Argentina remains in recession one year after Macri came to power and implemented market-friendly...

  • Rep. Pascrell: Ryan's numbers don't add up

    Rep. Bill Pascrell, Jr., (D-N.J.), provides his thoughts on Speaker Paul Ryan and President-elect Trump's tax plans and finding common ground on both sides of the aisle.

  • *Argentina economy in recession, fiscal deficit high. BUENOS AIRES, Dec 26- Argentine President Mauricio Macri has asked Finance Minister Alfonso Prat-Gay to step down, cabinet chief Marcos Pena said on Monday, citing disagreements over management style and the structure of the team charged with handling economic policy. Macri has sought to close Argentina's...

  • BUENOS AIRES, Dec 26- Argentine President Mauricio Macri has asked Finance Minister Alfonso Prat-Gay to step down, cabinet chief Marcos Pena said on Monday, citing disagreements over management style and the structure of the team charged with handling economic policy. Macri has sought to close Argentina's gaping fiscal deficit, but the government has...

  • BUDAPEST, Dec 23- Romania's leu fell to a six-month-low against the euro and multi-week lows against Central European peers on Friday amid concerns that the next government in Bucharest will let the budget deficit rise. They are also striving to stop a steady loss of workers leaving for more prosperous countries in the west of the European Union.

  • *Riyadh acts to protect poorer citizens, petrochemical sector. RIYADH/ DUBAI, Dec 22- Saudi Arabia said on Thursday it had succeeded in cutting a huge state budget deficit caused by low oil prices and would increase government spending in 2017 to support flagging economic growth. "The public finances haven't improved on this scale since the early 1990 s, following...

  • RIYADH, Dec 22- Saudi Arabia said on Thursday it had successfully cut into its huge state budget deficit this year and will increase government spending in 2017 to boost flagging economic growth. The financial challenges for Saudi Arabia stem largely from the fall in the global price of oil over the past 2-1/ 2 years. Riyadh slashed spending on infrastructure and...

  • LONDON, Dec 21- Britain's budget gap narrowed last month, keeping finance minister Philip Hammond on track to meet his new, less ambitious deficit reduction goals, but the country's fiscal watchdog said future months would pose a tougher test. Last month Hammond formally abandoned his predecessor George Osborne's goal to run a budget surplus by 2020, as the...

  • Data showing Britain's public finances with a slightly bigger-than-expected deficit in November- but on track to meet new, less ambitious deficit reduction goals- had little impact on the pound, which was trading down 0.3 percent on the day at $1.2331. Sterling has for the past six months been less sensitive than usual to economic data, driven more by concerns...

  • DUBAI, Dec 21- Saudi Arabia's state budget for 2017, which is expected to be released on Thursday, will boost spending to support economic growth while raising domestic energy prices to ease the government's subsidy burden, sources told Reuters. The deficit totalled a record 367 billion riyals in 2015, and the original budget for this year projected a 326...

  • The government of Puerto Rico will now face a budget deficit of $67.5 billion over the next 10 years if there are no changes made to its current laws, no new federal funding or any reduction in expenses, increases in revenue, structural reforms or restructuring of its long-term debt and pension obligations, the statement said. "According to the Revised Baseline...