*France has until 2015 to bring its deficit to 3 pct of GDP. PARIS, July 22- France will not accelerate cuts in public spending even though disappointing growth could make it difficult to meet EU fiscal targets, President Francois Hollande said.» Read More
The long-term budget path outlined by House Republicans may shake up this year’s already contentious budget debate as well as next year’s presidential politics, the NY Times reports.
House Speaker John Boehner responds to President Barack Obama's statements about budget negotiations. Boehner is to meet with Senate Majority Leader Harry Reid this afternoon.
Are the major cuts being proposed by Republicans really going to be good for a slowly improving economy, with Michael Farr, Farr, Miller & Washington, and Vince Farrell, Soleil Securities. And what happens if the government actually shuts down?
The Republican budget proposal will eliminate the national debt while still preserving costly entitlement programs like Medicare and Social Security, Rep. Paul Ryan told CNBC.
Rep. Paul Ryan (R-Wisc.) Budget Committee chairman, discusses his proposal to cut $6 trillion from the budget and, he says, save Medicare and Medicaid.
Texas Instruments is planning to buy National Semiconductor for $25/share, or a total of about $6.5 billion. Meanwhile, Moody's downgrades Portugal's debt. And the Federal government makes contingency plans in case of a shut down.
"A player on a sports team might prefer a particular strategy, but it's the coach's opinion that matters the most," said DRW Holdings market strategist Lou Brien, in a research note.
Austerity is - to put it bluntly - not going very well for a number of euro zone countries forced to impose measures on their economies and voters.
The ECB is this week expected to lift rates by 25 basis points in a bid to reign in inflation despite ongoing fears over the financial health of Portugal, Ireland and Greece.
It is all but certain that the ECB will raise rates this week. It has been itching to do so for some time. Now that the moment has arrived, what will the move actually mean for the euro zone and the global economy?
The Greek government has declared war on its super-rich tax evaders, confirming Friday that it will chase taxpayers who own swimming pools, yachts and island homes.
This Thursday sees an interest rate decision from the European Central Bank and despite disasters in Japan, tensions in the Middle East and the ongoing debt threat posed by peripheral European states, almost all analysts believe it’s a foregone conclusion that the Central Bank will raise interest rates. But is this the right move?
House Majority Leader Eric Cantor just told me in a CNBC interview that there is no deal on budget cuts for the continuing resolution.
Will the euro zone survive its crisis? That was the question I raised three weeks ago. My answer was: yes. My argument was that economic self-interest and political will would combine to preserve the common currency, in spite of the difficulties, Martin Wolf from the Financial Times writes.
George Osborne’s Budget brought to the top of the political agenda the question of how Britain taxes its wealthiest people – and simultaneously exposed tensions in the coalition.
Discussing the political headlines that will impact the markets, with Jonathan Allen, Politico congressional reporter and Paul Kane, Washington Post.com.
While some areas of the world have a relaxed attitude to fiscal and monetary policy, Europe, and much of the developed world, puts too much emphasis on tightening, according to Valentijn van Nieuwenhuijen, head of strategy at ING Investment Management.
The dollar's weakness isn't just a product of low interest rates. This new study ranks just how responsible - or not - U.S. fiscal policy is.
General Electric, the nation’s largest corporation, had a very good year in 2010. The company reported worldwide profits of $14.2 billion, and said $5.1 billion of the total came from its operations in the United States. Its American tax bill? None. In fact, G.E. claimed a tax benefit of $3.2 billion.
The massive spending undertaken by the U.S. government since the financial crisis has pushed its annual budget deficit past $1 trillion for 2 years running now, and a sky-high national debt burden to fund that shortfall.