June 2- Paced by housing and energy, the U.S. economic recovery is likely to accelerate this year and budget deficit projections have declined as well. Unfortunately the European economy remains stagnant, though there is some evidence that stimulative policies are gaining traction in Japan. Around the world the idea of "austerity" is fiercely debated.
WASHINGTON, May 30- A drop in government spending dragged more on the U.S. economy than initially thought in the first three months of the year, a sign of increasing pain from Washington's austerity drive.
WASHINGTON, May 30- A drop in government spending dragged more on the U.S. economy than initially thought in the first three months of the year, a sign of increasing pain from Washington's austerity drive.
*Data shows Hungary left recession in first quarter. *Hungary allowed out of EU budget sin-bin. Then, to complete what may be Orban's best month since he took power in 2010, the European Commission ruled this week that Hungary can leave the Excessive Deficit Procedure, a kind of sin bin for EU countries deemed to be spending beyond their means.
ROME, May 29- Italy got some help from Brussels on Wednesday when the European Commission ruled Rome could go off its excess deficit blacklist but the new government will need much more leeway in order to pass the tax cuts it has promised.
WASHINGTON, May 20- The International Monetary Fund on Monday said the United States was getting carried away with a government austerity drive, offering some of the institution's bluntest criticism yet of Washington's rush to cut its budget deficit. But there is very little risk of similar turmoil will ensnare the United States anytime soon, Cottarelli said.
NEW YORK, May 16- U.S. companies are hiring more workers and home prices, stock markets and energy production are climbing. The Congressional Budget Office on Tuesday slashed its budget deficit forecast for the current fiscal year ending Sept. 30 to $642 billion, a massive $203 billion cut from its estimate in February.
*Sees lower deficits and moderate growth next two years. WELLINGTON, May 16- New Zealand's government charted a more optimistic economic outlook on Thursday as it raised its forecast for budget surpluses on the back of moderate growth, and said it would start spending more on new policies.
PARIS, May 15- European Commission President Jose Manuel Barroso said on Wednesday France needed to present a credible programme of structural economic reforms if the EU is to grant it two more years to bring its budget deficit down as promised.
*CBO estimates could sap Congress' urgency for fiscal deal. WASHINGTON, May 14- The U.S. deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office said on Tuesday in a report that could sap Congress' sense of urgency to find further budget savings.
*New CBO estimates could sap Congress' urgency for fiscal deal. WASHINGTON, May 14- The U.S. deficit is shrinking considerably more quickly than previously thought, the Congressional Budget Office said on Tuesday in a report that could sap Congress' sense of urgency in finding further budget savings.
ATHENS, May 14- Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing progress in cutting its budget deficit and the risk of a euro zone exit receding.
The Federal Reserve won't change course on quantitative easing this week, Steve Weiss of Short Hills Capital says.
Tuesday, 18 Jun 2013 | 7:10 AM ETAn airline passenger records a Chinese cargo handler as he tosses boxes of something on to and off of a conveyor belt for shipment. Hopefully, the cargo was packed well.
Tuesday, 18 Jun 2013 | 9:33 AM ETPlans to take PC maker Dell private by leveraging the company's balance sheet are misguided, CNBC's Jim Cramer said on "Squawk on the Street" Tuesday, because the company is facing lower margins and an increased competition from rival Hewlett Packard.