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  • White House: 2014 budget deficit to drop to $583B Friday, 11 Jul 2014 | 2:53 PM ET

    WASHINGTON— White House: 2014 budget deficit to drop to $583 B.

  • AP Top Extended Financial Headlines At 12:16 p.m. EDT Friday, 11 Jul 2014 | 12:16 PM ET

    Stocks edge mostly lower, keeping them on track for biggest weekly loss since April Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q No sale by owner: Americans with lower mortgage rates hold tightly onto homes Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Safety regulator investigates 500,000 Ford cars for steering issues Portugal's biggest bank says it can cope with losses, helping to steady financial markets US budget likely in surplus in June; deficit expected to be at lowest level since 2008 House votes to make business tax break permanent; White House says $287 B price tag too costly

  • AP Top Extended Financial Headlines At Noon EDT Friday, 11 Jul 2014 | 11:57 AM ET

    US stocks slip in midday trading and are heading for their biggest weekly loss since April Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q No sale by owner: Americans with lower mortgage rates hold tightly onto homes Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Safety regulator investigates 500,000 Ford cars for steering issues US budget likely in surplus in June; deficit expected to be at lowest level since 2008 House votes to make business tax break permanent; White House says $287 B price tag too costly Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company

  • AP Top Extended Financial Headlines At 11:06 a.m. EDT Friday, 11 Jul 2014 | 11:06 AM ET

    Stocks edge mostly lower, keeping them on track for biggest weekly loss since April Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q No sale by owner: Americans with lower mortgage rates hold tightly onto homes Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 US stocks slip in early trading and are heading for their biggest weekly loss since April Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Safety regulator investigates 500,000 Ford cars for steering issues US budget likely in surplus in June; deficit expected to be at lowest level since 2008 House votes to make business tax break permanent; White House says $287 B price tag too costly

  • House votes to make business tax break permanent Friday, 11 Jul 2014 | 11:00 AM ET

    WASHINGTON— The House voted Friday to make permanent a temporary tax break that makes it easier for businesses to invest in new equipment, one of many expired tax breaks that Congress must deal with by the end of the year. But the White House has threatened a veto because the bill would add $287 billion to the budget deficit over the next decade.

  • AP Top Extended Financial Headlines At 10:18 a.m. EDT Friday, 11 Jul 2014 | 10:18 AM ET

    Stocks edge lower, keeping them on track for biggest weekly loss since April No sale by owner: Americans with lower mortgage rates hold tightly onto homes Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Burberry shareholders revolt over pay package for luxury house's new CEO Christopher Bailey Bulgaria to strip major bank of license; submits audit results to prosecutor US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk

  • AP Top Extended Financial Headlines At 9:13 a.m. EDT Friday, 11 Jul 2014 | 9:13 AM ET

    Economists cut US growth forecasts, but remain optimistic economy will recover from grim 1 Q Cigarette makers Reynolds American, Lorillard discussing merger; would create formidable No. 2 Wells Fargo 2 Q profit climbs, helped by loan growth; Revenue falls but tops Wall Street's view Asian stock markets weak amid new Europe jitters after problems at Portugal bank Whirlpool to pay more than $1 B for controlling stake in Italian appliance maker Indesit Aereo presses case despite Supreme Court setback, seeks licensing treatment as cable company Bulgaria to strip major bank of license; submits audit results to prosecutor US budget likely in surplus in June; deficit expected to be at lowest level since 2008 Chrysler recalls 651,000 SUVs for serviced vanity mirror lights because of fire risk Portugal's biggest bank says it can cope with losses, helping to steady financial markets

  • Ahead of the Bell: US budget deficit Friday, 11 Jul 2014 | 6:29 AM ET

    WASHINGTON— The Treasury Department will report on the government's budget deficit for June. SURPLUS EXPECTED: Through the first eight months of the budget year, which began Oct. 1, the government has recorded a deficit of $436.4 billion.

  • NEW DELHI, July 10- India's new government on Thursday unveiled a first budget that seeks to revive growth and curb borrowing, but left open questions on how it will reduce the fiscal deficit and restore investor confidence.

  • NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a first budget of structural reforms aimed at reviving growth, winning praise from investors despite a lack of clarity over how he would cap the big fiscal deficit.

  • NEW DELHI, July 10- Indian Prime Minister Narendra Modi's new government on Thursday unveiled a budget it said can revive growth after the longest slowdown in a quarter of a century even while curbing borrowing.

  • *Growth seen at 5.4-5.9 pct for year ending March 2015. NEW DELHI, July 9- India's fiscal situation is worse than it appears, Prime Minister Narendra Modi's government said in an economic report on Wednesday that called for tough measures to shore up public finances and reduce inflation.

  • Egypt raises taxes on cigarettes and alcohol Sunday, 6 Jul 2014 | 12:31 PM ET

    CAIRO, July 6- Egypt raised the sales tax on cigarettes by up to 120 percent on Sunday and doubled the tax on alcohol as part of a series of measures to curb the budget deficit and reform the economy. Egypt is trying to reduce its deficit to 10 percent of gross domestic product in the next fiscal year, from an expected shortfall of 12 percent in 2013/ 14..

  • SANTIAGO, July 4- Chile's Finance Ministry said on Friday that the government's target of reducing the fiscal structural deficit to zero by 2018 is conditional on the approval and implementation of President Michelle Bachelet's tax reform package. It is currently being debated in Senate.

  • *France targets 2014 public deficit at 3.8 pct of GDP. PARIS, July 1- France's lower house of parliament backed a supplementary budget for 2014 by a large majority on Tuesday, a relief for President Francois Hollande as his Socialist party managed, for now, to contain opposition within its own ranks.

  • BRASILIA, June 30- Brazil posted in May its second-widest monthly primary budget deficit ever, a worse-than-expected result that puts at risk the country's key fiscal and debt servicing goal for the year.

  • BUCHAREST, June 12- The IMF has postponed a review of Romania's 4 billion euro aid deal until November, Prime Minister Victor Ponta said on Thursday, giving the country leeway in drafting a deficit-cutting 2015 budget in an election year.

  • *Kenya aims to raise $1.5- 2.0 billion in Eurobond. NAIROBI, June 12- Kenya expects its fiscal deficit to fall slightly to about 7.4 percent of gross domestic product for the 2014/ 15 financial year, figures from the finance minister's budget speech showed on Thursday.

  • US records $130B budget deficit in May Wednesday, 11 Jun 2014 | 3:24 PM ET

    The U.S. reported a $130 billion deficit in May after a surplus in April, but this year's imbalance is on track to be the lowest in 6 years.

  • ACCRA, June 11- Ghana's central bank is funding the country's budget deficit but the amount does not exceed 10 percent of revenue and any excess will be made up by the end of 2014, governor Henry Kofi Wampah told Reuters in an interview.