Glenn Hutchins, Silver Lake Partners co-founder, discusses the creation of the Hutchins Center on Fiscal and Monetary Policy. "We want to be the go-to place for authoritative thinking," Hutchins says.» Read More
UK finance minister George Osborne makes his opening remarks as he delivers the Autumn Statement.
MADRID, Nov 20- Spain's economy is on a strong enough recovery path to achieve three more years of deficit reduction without further spending cuts or tax hikes, the treasury minister told Reuters.
EDMONTON, Nov 12- Canada's Conservative government expects to easily meet its goal of eliminating its budget deficit by 2015, just ahead of an election, and has increased its estimate of that year's surplus even as it warns of an uncertain global economic outlook.
NEW DELHI, Nov 8- India's state-run oil companies are feeling the pain of the finance minister's determination to meet his fiscal deficit target, with officials warning that exploration is under threat and losses at oil firms could steepen.
Edward Lazear, former Council of Economic Advisers chair, joins CNBC's Rick Santelli to discuss the incline of national debt and deficits.
LJUBLJANA/ BRUSSELS, Nov 5- The European Commission said on Tuesday that Slovenia was set to see its budget deficit balloon next year but can still avoid an international bailout if it continues with structural reforms and fixes its banking sector.
History will judge the administration by what's in operation by March 15, 2014, says Michael Leavitt, Leavitt Partners founder. If these tech glitches are not fixed, the president's legacy program will be seriously imperiled.
The federal deficit has hit a new 5-year low. CNBC's Eamon Javers and Steve Liesman explain what this means for the U.S. economy and how it will impact consumers.
WASHINGTON, Oct 30- Tax increases, spending cuts and a stronger economy nearly sliced America's budget deficit in half in fiscal 2013, lowering it to the lowest level since 2008, Treasury Department data showed on Wednesday.
The willingness of Puerto Rico to pay is very strong, says Daniel Loughran, Oppenheimer Funds, explaining why he is still bullish on the country's muni bonds despite its "structural budget deficits."
LONDON, Oct 22- Britain's finance minister vowed to stick to the path of austerity, saying economic recovery on its own would not be enough to fix the budget deficit and the causes of over-spending still needed to be addressed.
LONDON, Oct 22- An improving economy will not be enough on its own to rein in Britain's still wide budget deficit and more action to cut costs is needed, finance minister George Osborne said on Tuesday.
TUNIS, Oct 20- Political unrest has hurt Tunisia's growth outlook but it will stay committed to cutting the state budget deficit next year, while relying on foreign aid to fill a large external financing gap, Prime Minister Ali Larayedh told Reuters.
TOKYO, Oct 16- The dollar rose against the yen in early Asian trade on Wednesday, after a U.S. Senate source said a deal to extend the U.S. debt limit could be reached within hours. The Senate deal would fund the U.S. government through Jan. 15 and create a deficit-reduction panel, a source told Reuters.
Jing Ulrich, MD & Vice Chairman of Asia Pacific at JPMorgan Chase says China's leadership is likely to announce reform measures at its upcoming Third Plenum in November.
WASHINGTON, Oct 12- President Barack Obama pressured Republican lawmakers on Saturday to agree to raise the U.S. debt ceiling for longer than they would prefer, as their fiscal impasse dragged into the weekend with five days left to find a deal. Republicans want a commitment to broader deficit-reduction talks from the White House.
Today's debt ceiling debate has many precedents. But polarization and finances make this fight different, and the implications of a deadlock graver.
Serious deficit-cutting efforts in most advanced economies, with the exception of Japan, means debt is set to stabilize at an average of just below 110 percent of GDP, the International Monetary Fund said in its twice-yearly Fiscal Monitor.
Serious deficit-cutting efforts in most advanced economies- with the exception of Japan- means debt is set to stabilize at an average of just below 110 percent of GDP, the International Monetary Fund said in its twice-yearly Fiscal Monitor.
President Barack Obama would veto a bill by the House of Representatives that would create a bipartisan panel to make recommendations on reducing the country's deficit and debt limit, the White House said on Tuesday.