GO
Loading...

Deficits

More

  • TRIPOLI, April 23- Libya plans deep austerity measures to tackle a budget deficit expected to reach up to 10 billion Libyan dinars this year due to rebel blockades which have strangled oil production, a senior lawmaker told Reuters. Libya traditionally runs large surpluses thanks to oil export revenues.

  • *Japan posts record trade deficit, hits yen. *Unrest in Ukraine likely to limit safe-haven yen's losses. NEW YORK, April 21- The dollar rose to a two-week high against the yen on Monday after Japan posted a record trade deficit in the fiscal year ended in March, though tensions in Ukraine were likely to limit losses on the safe-haven Japanese currency.

  • PARIS, April 16- France vowed on Wednesday to honour its Europeans commitments on deficit reduction and rushed out details of its grand plan to curb public spending by 50 billion euros between 2015 and the end of President Francois Hollande's term in 2017..

  • French PM details 50 bln euro budget savings plan Wednesday, 16 Apr 2014 | 7:05 AM ET

    PARIS, April 16- French Prime Minister Manuel Valls on Wednesday provided a breakdown of the government's plan to reduce public spending by 50 billion euros and reiterated that France would honour its European commitments on deficit reduction.

  • DUBLIN, April 15- Ireland nudged up its growth forecasts for 2014 and 2015, reversing a trend of downgrades over recent years but the government is sticking with planned tax increases and spending cuts to reduce a still high budget deficit.

  • *Fiscal year 2014 deficit estimated to fall to $492 billion. WASHINGTON, April 14- Health insurance subsidies under the Affordable Care Act will cost slightly less than previously thought, helping to slow down the forecast growth of U.S. deficits over the next decade, the Congressional Budget Office said on Monday.

  • CBO projects deficit to fall: Report     Monday, 14 Apr 2014 | 3:12 PM ET

    The Congressional Budget Office is cutting its estimates of the U.S. deficit to $492 billion due to lower-than-expected Obamacare premiums, reports CNBC's Eamon Javers.

  • *Fitch has highest rating, outlook on Portugal among agencies. LISBON, April 11- Rating agency Fitch raised its outlook on Portugal's debt rating to "positive" from "negative" on Friday, citing the country's strong progress in cutting its budget deficit, regaining market access and improving economic growth.

  • Jens Weidmann, president of the Bundesbank, says that by delaying the correction of its excessive budget deficit twice, France is endangering the credibility of European Union rules.

  • *Ghana could still meet budget deficit target of 8.5 percent of GDP. ACCRA, April 8- Ghana is paying over-the-odds for its domestic debt but foreign investors are not fleeing the market even though the government has missed a string of fiscal targets, central bank Governor Henry Kofi Wampah told a Reuters Africa Summit.

  • NEW DELHI/ MUMBAI, April 8- From convincing sceptical bond investors that the fiscal deficit can be contained to concerns that El Nino will devastate agricultural crops, any new government in India will face urgent and critical challenges with no easy solutions.

  • Sen. Rob Portman, (R-OH), discusses ways to reduce taxes, grow the economy, and work with Democrats to move the economy and create jobs.

  • House kicks debt-ceiling can to March 2015     Wednesday, 12 Feb 2014 | 7:31 AM ET

    Former Gov. Ed Rendell, (D-PA), and Jim Nussle, former OMB director, discuss the problems associated with the lingering debt-ceiling standoff in Congress, and share their thoughts on likely presidential prospects in 2016.

  • Fed Chair Janet Yellen discusses the focus of the Fed, and the why the Fed shouldn't purposefully raise interest rates.

  • White House reaction to jobs report: Furman     Friday, 7 Feb 2014 | 9:35 AM ET

    The unemployment rate has come down much more than anyone expected, says Jason Furman, chairman of the President's Council of Economic Advisers, discussing the latest numbers on jobs. The labor trend is moving in the right direction, says Furman.

  • Liesman's trade data breakdown     Thursday, 6 Feb 2014 | 11:26 AM ET

    CNBC's Steve Liesman looks at what's behind the weakness of the trade data.

  • Defusing the debt ceiling bomb     Thursday, 6 Feb 2014 | 7:42 AM ET

    Could the U.S. Treasury Department withhold tax refunds if a government default was near? Mark Patterson, Center for American Progress senior fellow, weighs in on the debt ceiling mess on Capitol Hill.

  • No growth until tax-code reform: Bowles     Monday, 3 Feb 2014 | 7:03 AM ET

    Another debt-ceiling deadline is due Friday, but this time lawmakers promise not to shut down the government. Morgan Stanley's lead director, Erskine Bowles, and former Sen. Judd Gregg, R-N.H., weigh in on how to fix the growing debt problem.

  • Congress should act as soon as possible and make sure there are no more self-inflicted wounds, says U.S. Treasury Secretary Jack Lew, discussing why lawmakers need to act in a timely manner to increase the nation's debt limit so the government can pay its bills.

  • Davos: Assessing global risk     Tuesday, 21 Jan 2014 | 8:47 AM ET

    Kenneth Rogoff, Harvard University professor, shares his thoughts on the biggest threats to the global economic recovery.