BUDAPEST, June 17- Hungary lifted its financial transaction tax and raised existing charges on telephone calls and mining royalties on Monday, seeking to plug a hole in the budget and keep the deficit below the European Union's ceiling.» Read More
WASHINGTON, May 7- April's U.S. budget surplus was bigger than a year ago and the federal government ran a much smaller deficit in the first seven months of the current fiscal year than the previous year, the Congressional Budget Office said on Tuesday.
May 6- Puerto Rico business groups and some municipal governments are teaming up against a proposed $1 billion overhaul of a sales and use tax that is a key component of a budget proposal meant to cut a large deficit in the debt-ridden economy. Puerto Rico's debt is one of the riskier alternatives in the $3.7 trillion U.S. municipal bond market.
*Spain, Netherlands, France seen in recession in 2013. BRUSSELS, May 3- France will get two more years to meet its budget deficit target because of the country's poor economic outlook within a recession-hit euro zone, the European Commission said on Friday.
*OECD says Italy needs more fiscal tightening. ROME, May 2- Italy's economy minister on Thursday ruled out trying to renegotiate the country's budget targets, even as the OECD called for more budget austerity. Fabrizio Saccomanni told parliament a move to ease Italy's deficit targets- such as may happen with France and Spain- would be counter-productive.
WASHINGTON, May 1- The U.S. Treasury Department said on Wednesday it might be able to sell less long-term debt in the future if the U.S. budget deficit continues to come down.
Erskine Bowles, former Debt Commission co-chair, discusses the roadblocks on Capitol Hill preventing a "grand bargain" on the budget.
Erskine Bowles, former Debt Commission co-chair, discusses the "hard stuff" Congress needs to do to reach a bipartisan budget agreement; such as reforming the tax code and reducing spending in entitlement programs.
WASHINGTON, April 30- With his fight for tighter gun control measures defeated and prospects for a deficit reduction pact dim, President Barack Obama sought on Tuesday to project an image of a leader still in control of a faltering domestic policy agenda.
CNBC's Steve Liesman discusses what participants of the CNBC Fed Survey had to say about the how much QE from the Fed is enough.
CNBC's Steve Liesman discusses what participants of the CNBC Fed Survey had to say about the deficit and how urgent it was.
CNBC's Steve Liesman shares the results of the CNBC Fed Survey, and discusses how the participants felt about the sequester.
SAN JUAN, April 26- Puerto Rico would see its deficit decline substantially to $200 million under a proposed budget for the 2014 fiscal year unveiled by the territory's governor, who said he expects to close the budget gap in two to three years.
BRUSSELS, April 26- Spain's weak economy means Madrid will likely get another year to bring its budget deficit down to EU limits by 2016, the European Commission said on Friday. The Commission will take a formal decision on whether to give Spain more time to reduce its deficit on May 29, but it must still be signed off on by EU finance ministers.
MADRID, April 26- Spain acknowledged that its economy would shrink more than initially expected in 2013 and its budget deficit would be higher than promised, but the European Union gave it more time to bring the shortfall back down to bloc limits.
BERLIN, April 24- Germany's opposition Social Democrats do not believe the time for debt and deficit reduction in Europe is over yet, but see a need to focus more on growth to combat unemployment in southern Europe, a top SPD politician told Reuters.
*UK budget deficit edges down to 7.4 pct of GDP in 2012/ 13. *Fall is relief for UK government after difficult week. "There's a small crumb to be had from the fact that borrowing is less than last year, but really that's a political point not an economic one," said David Tinsley, UK economist at BNP Paribas.
Spending cuts related to the sequester are causing delays at airports across the country, reports CNBC's Jackie DeAngelis.
Jose Carlos Diez, chief economist at Intermoney, talks about Spain's deficit and what the ECB's OMT bond-buying program could do for the country's economy.
Debt levels swelled across the euro zone, but the pressure may be easing as the European Commission signals an end to sharp spending cuts.
*France, Spain miss EU goals but may get more time. BRUSSELS, April 22- France and Spain fell short of their budget deficit goals last year and debt levels swelled across the euro zone but the pressure may be easing on Paris and Madrid as the European Commission signals an end to sharp spending cuts.