Deficits

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• Report: Kan. gov's tax plan causes 2018 shortfall

  TOPEKA, Kan.-- Kansas would face a $782 million budget shortfall in 2018 under Gov. The report from the nonpartisan Legislative Research Department undercuts Brownback's argument that his proposals would stabilize the budget and build healthy cash reserves while allowing the state to follow up on aggressive income tax cuts enacted last year.

• Rio Tinto faces tough talks in Mongolia over giant mine

  *Mongolia concerned about soaring project costs at Oyu Tolgoi. *Mongolia looks to step up state ownership, taxes on mines. ULAN BATOR/ MELBOURNE, Feb 1- Rio Tinto faces tough negotiations next week in Mongolia, where the government is under pressure to plug a budget deficit and increase its share of the wealth from the $6.2 billion Oyu Tolgoi copper and gold mine.

• Santelli Digs Down on the Sequester 

  

  CNBC's Rick Santelli talks to Rep. James Lankford, (R-OK), about today's Senate vote to increase the debt limit and extend Federal borrowing through May 18th.

• Dow Chemical CEO on Q4 Earnings 

  

  Andrew Liveris, Dow Chemical chairman & CEO, discusses the chemical company's mixed fourth quarter results, and weighs in on how the company is managing commodity risk.

• FACTBOX-Weapons, nuclear power, roads and welfare: India's budget cuts

  NEW DELHI, Jan 31- India's finance minister P. Chidambaram is putting welfare, defence, atomic energy and road projects under the knife in a final attempt to hit a tough fiscal deficit target by March, risking short-term economic growth and angering cabinet colleagues.

• EXCLUSIVE-Austerity in India: Defence and welfare spending to be slashed

  NEW DELHI, Jan 31- India's finance minister is putting welfare, defence and road projects on the chopping block in a last-ditch attempt to hit a tough fiscal deficit target by March, risking short-term economic growth and angering cabinet colleagues.

• UPDATE 1-Fitch downgrades Egypt sovereign rating, could cut further

  NEW YORK, Jan 30- Fitch Ratings on Wednesday cut Egypt's sovereign credit rating one notch to B from B-plus, citing a wider budget deficit and instability caused by the country's political transition.

• Sticking With the Sequester? 

  

  Sen. John Thune, (R-SD), discusses whether the GOP will stick with the sequester, to force spending cuts. And John Hlinko, Left Action founder, and Steve Moore, Wall Street Journal, discuss.

• PREVIEW-U.S. job growth likely modest but steady in January

  WASHINGTON, Jan 29- Hiring by U.S. employers likely held steady in January, pointing to modest growth in the economy despite worries that budget battles in Washington could derail the recovery. Many economists think companies would create more jobs if Washington could resolve a seemingly intractable fight over how to tame the federal budget deficit.

• Market Continues Run Despite No Debt Plan 

  

  Maya MacGuineas, Campaign to Fix the Debt, and Rolla Huff, Earthlink CEO, discuss whether Congress should let automatic spending cuts kick in to help get the nation's debt under control.

• No Wall Street Consensus on When & How QE Ends

  

  CNBC Fed Survey shows Wall Street pros divided on how and when quantitative easing will end.

• Wall Street to Washington: Cut Deficit & Spending Now

  

  The new CNBC Fed Survey shows Wall Street pros want to send Washington an unambiguous message to reduce the red ink now, without more revenue increases.

• UPDATE 3-India cuts rates after 9-month wait, RBI stays cautious

  MUMBAI, Jan 29- India's central bank lowered its key policy rate for the first time in nine months on Tuesday, but struck a cautious note on further easing as it waits to see how the government's upcoming budget aims to bring a bloated fiscal deficit under control.

• Dow Timeline: 2007 to Now 

  

  A special look at stocks as the Dow is less than 300 points away from an all-time high, with CNBC's Kayla Tausche.

• FT Editor: Cameron Has Taken a Gamble on Europe  

  

  Lionel Barber, editor at The Financial Times, tells CNBC that the key questions will be what kind of powers David Cameron can repatriate from the EU and what about the uncertainty created for business.

• US public wants deficit reduction but not programs cuts -polling

  *Opposition to cuts in education, Social Security, Medicare. WASHINGTON, Jan 24- Most Americans want President Barack Obama and Congress to reduce the federal deficit without cutting Medicare, Social Security and education, according to polling data released Thursday.

• California's Brown Projects a Surplus 

  

  California's Gov. Jerry Brown says the state will not only end the fiscal year in June without a deficit, but will have a $1 billion surplus in the next year, reports CNBC's Jane Wells.

• House to Senate: Debt Tag, You're It 

  

  Sen. Robert Casey, (D-PA), discuss how the Senate Democrats plan to move ahead on the debt ceiling debate.

• UK's Osborne: Credibility Is Hard Won and Easily Lost  

  

  George Osborne, Britain's finance minister, tells CNBC's Maria Bartiromo why the U.K. must stick to its deficit plan.

• UPDATE 1-Japan logs record trade gap in 2012 as exports struggle

  *Japan 2012 trade gap hits record 6.9 trln yen. TOKYO, Jan 24- Japan logged a record annual trade deficit in 2012 as exports continued to slide in December in a worrying signal that the effects of a weaker yen and the new government's moves to boost the economy with fiscal and monetary stimulus have been slow in coming.