GO
Loading...

Deficits

More

  • DUBLIN, April 15- Ireland nudged up its growth forecasts for 2014 and 2015, reversing a trend of downgrades over recent years but the government is sticking with planned tax increases and spending cuts to reduce a still high budget deficit.

  • CBO: Deficits to drift lower on lower health costs Monday, 14 Apr 2014 | 4:26 PM ET

    A Congressional Budget Office report Monday said this year's deficit will now be $492 billion, $23 billion less than previously estimated. Last year's deficit registered $680 billion, the first year in President Barack Obama's tenure that the deficit was less than $1 trillion.

  • *Fiscal year 2014 deficit estimated to fall to $492 billion. WASHINGTON, April 14- Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.

  • CBO projects deficit to fall: Report     Monday, 14 Apr 2014 | 3:12 PM ET

    The Congressional Budget Office is cutting its estimates of the U.S. deficit to $492 billion due to lower-than-expected Obamacare premiums, reports CNBC's Eamon Javers.

  • *Fitch has highest rating, outlook on Portugal among agencies. LISBON, April 11- Rating agency Fitch raised its outlook on Portugal's debt rating to "positive" from "negative" on Friday, citing the country's strong progress in cutting its budget deficit, regaining market access and improving economic growth.

  • Budget deficit hits lowest level in 14 years Thursday, 10 Apr 2014 | 3:40 PM ET
    U.S. Treasury Secretary Jack Lew testifies before the Senate Budget Committee March 12, 2014 in Washington, DC.

    The US budget deficit fell in March, driven in part by rise of revenue and change in timing of benefit payments.

  • US budget deficit falls in March to $37 billion Thursday, 10 Apr 2014 | 2:00 PM ET

    WASHINGTON— The U.S. government's budget deficit shrank to just $37 billion in March from $107 billion in the same month last year, the latest sign of improvement in the nation's finances. The deficit fell partly because revenue jumped 16 percent to $216 billion, the Treasury Department said in its monthly budget report Thursday.

  • Ahead of the Bell: US Budget Deficit Thursday, 10 Apr 2014 | 6:06 AM ET

    WASHINGTON— The Treasury Department reports on the federal budget deficit for March. SMALLER GAP: The nonpartisan Congressional Budget Office estimates that the deficit narrowed to $36 billion in March from $107 billion in the same month a year ago. Spending by the Defense Department fell $7 billion and the cost of unemployment benefits dropped $2 billion.

  • Jens Weidmann, president of the Bundesbank, says that by delaying the correction of its excessive budget deficit twice, France is endangering the credibility of European Union rules.

  • *Ghana could still meet budget deficit target of 8.5 percent of GDP. ACCRA, April 8- Ghana is paying over-the-odds for its domestic debt but foreign investors are not fleeing the market even though the government has missed a string of fiscal targets, central bank Governor Henry Kofi Wampah told a Reuters Africa Summit.

  • NEW DELHI/ MUMBAI, April 8- From convincing sceptical bond investors that the fiscal deficit can be contained to concerns that El Nino will devastate agricultural crops, any new government in India will face urgent and critical challenges with no easy solutions.

  • *Barroso, Van Rompuy smile when asked about Italy budget. *PM Renzi says Italy will respect 3 pct deficit limit. However the reaction in Italy reflected questions over how well Renzi's fast-talking style and his promises to end the austerity policies which have dominated the EU's response to the euro zone debt crisis will go down in Brussels.

  • RIO DE JANEIRO, March 17- Brazil's social security deficit this year was underestimated by about 10 billion reais by the government, Social Security Minister Garibaldi Alves told the newspaper Valor Economico, raising questions about the country's ability to meet its fiscal savings target this year.

  • JOHANNESBURG, March 16- Mozambique's overall budget deficit is projected to widen to 9.5 percent this year from 3 percent in 2013, the International Monetary Fund said, as the country continues its spending-driven quest for economic growth.

  • Osborne looks determined to stick to his message that Britain is only half-way through the belt-tightening plan he launched in 2010 to fix Britain's still wide budget deficit.

  • *Portugal to more than halve deficit by end-2015, then more. LISBON, March 9- Portugal's international bailout is expected to end in mid-May. To avoid a repeat of the 78 billion euro financial rescue agreed in May 2011 with the European Union and the International Monetary Fund, Lisbon cannot let up on shrinking its budget gap and trimming a huge sovereign debt.

  • *Italy, France need policy action to fix economies. BRUSSELS, March 5- The European Commission put Italy on Wednesday on its watch list because of the country's very high public debt and weak competitiveness and warned France that will miss agreed budget deficit reduction targets unless it takes action.

  • *Italy, France need policy action to fix economies. BRUSSELS, March 5- The European Commission put Italy on Wednesday on its watch list because of the country's very high public debt and weak competitiveness and warned France that will miss agreed budget deficit reduction targets unless it takes action.

  • WASHINGTON, March 3- When he releases his budget proposal on Tuesday, President Barack Obama will be able to celebrate the smallest deficit since he took office in 2009. He also will be able to enjoy a cease-fire in the fiscal battles that have paralyzed Washington for the past three years.

  • WASHINGTON, March 3- When he releases his budget proposal on Tuesday, President Barack Obama will be able to celebrate the smallest deficit since he took office in 2009. He also will be able to enjoy a cease-fire in the fiscal battles that have paralyzed Washington for the past three years.

Most Popular Video

Wednesday, 23 Apr 2014 | 12:32 AM ET

Eddie Tam, CIO at Central Asset Investments, says China will see a slowdown for a long time as a trade-off for avoiding a hard landing in its economy.

Tuesday, 22 Apr 2014 | 10:48 PM ET

Todd Elmer, Currency Strategist at Citi, discusses whether the currency's sharp drop following weaker-than-expected quarterly inflation data was justified.

Tuesday, 22 Apr 2014 | 10:30 PM ET

Adaire Fox-Martin, COO, Asia Pacific Japan at SAP, elaborates on the firm's "stunning results" in Southeast Asia, India and the sector of cloud computing in the first-quarter.