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.» Read More
Alec Young, equity strategist, Standard & Poor's, and Joshua Feinman, chief economist, DB Advisors, discuss market valuations, targets, and the impact oil is having on the markets. Young believes oil would have to hit $200/barrel for it to impact the global recovery. Also, Feinman says it's events in the Middle East driving up oil prices and Fed actions wouldn't make much of a difference.
Looking ahead to first quarter earnings reports, following Alcoa's mixed results, announced yesterday, with Ashwani Kaul, Kaul Advisory Group, and Andrew Ross Sorkin, The New York Times. Also, the impact of high oil.
Discussing the government cuts, whether the debt limit will be raised, and Alcoa earnings. Also, a debate on taxes, trickle-down economics, the nuclear situation in Japan gets worse, and major Asian markets sell off as a result. Guests: Andrew Ross Sorkin, The New York Times and CNBC's Guy Johnson.
Discussing whether the Treasury should enforce a new spending limitation instead of a debt limit, with Rep. Allyson Schwartz, (D-PA) and Rep. Jason Chaffetz, Congressman, (R-UT).
The UK banking industry has begun to respond to the Independent Commission on Banking (ICB) interim report into the future framework within which they would have to work if they want to remain headquartered in the UK.
The UK’s true national debt is now £3,617 billion ($5,930 billion) or £138,359 ($226,807) per household, according to the latest figures from the Centre for Policy Studies, a centre-right think tank.
Washington shutdown fears are sinking the U.S. dollar, according to some news reports. Surely there’s something to this, as investor confusion rises and confidence falls, and as Washington seems to be gridlocked over a few billion dollars.
Discussing whether we will see a budget deal before tonight's midnight deadline, with Greg Valliere, Potomac Research Group, and Tony Fratto, former White House deputy press secretary.
As the U.S. moves closer to the so-called "Fiscal Cliff", big ticket government spending areas like defense programs are likely to be at the center of the debate.
House Speaker John Boehner says there's no agreement on spending and that he believes the Senate should pass the stopgap spending bill.
Corky Crovato, Corky Products & Services; Jack Biddle, co-founder, NovakBiddle Venture Partners; and Alan Bubes, CEO, Linens of the Week, discuss what they doing with their own portfolios right now, as well as what has them most concerned.
Looking for a resolution in Europe's bailout situation and a stabilizing of the economic situation in the U.S.Peter Kenny, Managing Director, Knight Equities, talks about the headwinds being digested into the markets.
The sentiment that there will always be another bailout in Europe is rapidly coming to an end, reports CNBC's Guy Johnson.
Democrats say they've agreed on spending, while Republicans say they haven't. Meanwhile, the shutdown apparatus is beginning to move in Washington. President Obama has said he wants to announce a deal this morning, reports CNBC's Hampton Pearson.
Private equity power player Scott Sperling, co-president, Thomas H. Lee Partners, says the threat of a double-dip recession has lessened significantly, and that his portfolio is doing quite nicely, thank you. And it's all happening, he adds, despite significant headwinds in the economy, although, he adds, it's too early for the Fed to put on the brakes.
Sen. Kent Conrad (D-N.D.) discusses what's holding up the budget agreement, and says using Federal funds for abortion is illegal, so there's no reason to keep this spending bill from moving through Congress and the Senate.
CNBC's Rick Santelli discusses the budget showdown and how it's impacting the investor thought process.
Even though both sides have reportedly agreed on the size of spending cuts, social issues are apparently holding up a budget agreement. Sen. Bob Corker (R-Tenn.) discusses the progress of the spending bill.
"The outlandish scenario of a US debt downgrade is no longer the stuff of finance fiction," says the head researcher at at SocGen.
A third of economists and money managers believe the Fed will hike rates this year. Half believe the Fed has been too accommodative. And Wall Street believes the Fed will be more aggressive in selling assets, particularly in 2012, reports CNBC's Steve Liesman.