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Federal Budget (U.S.) Deficits

  • NEW DELHI, Oct 17- India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders and other companies as part of an effort to recapitalise banks, an adviser to the prime minister said on Tuesday. Many policy makers in New Delhi, including the head of a government policy think tank have suggested...

  • A ship is unloaded in Miami, Florida.

    Trump has applied labels such as a "disaster" and "horrible" to various U.S. trade deals, including Korus and NAFTA.

  • The worsening deficit picture comes as Congress digs into its pockets for tens of billions of dollars more for hurricane relief. The president has ruled out cuts to big benefit programs that drive the deficit's growth, and Congress has rejected most of Trump's other spending cuts. Republicans controlling Congress are working on companion nonbinding budget...

  • DUBAI, Oct 5- Saudi Arabia has told the International Monetary Fund that it is reconsidering the speed at which it imposes austerity steps to avoid slowing the economy too much and boosting unemployment, the IMF said on Thursday. Riyadh has been cutting spending while raising taxes and fees to curb a huge state budget deficit caused by low oil prices.

  • *Spot gold was unchanged at $1,274 an ounce at 0055 GMT. *The U.S. budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald Trump and top congressional Republicans, with one leading Senate hawk saying a week after the plan was introduced that any enlarging of the fiscal gap could kill his support.

  • WASHINGTON, Oct 4- The U.S. budget deficit is proving to be a major obstacle to the tax reform plan being offered by President Donald Trump and top congressional Republicans, with one leading Senate hawk saying a week after the plan was introduced that any enlarging of the fiscal gap could kill his support. The main problem is that the federal government is...

  • Office of Management and Budget Director Mick Mulvaney

    White House budget chief Mick Mulvaney moves away from the principles that made him stand out in Congress.

  • *Analysts warn India could miss deficit target this year. NEW DELHI, Oct 3- India on Tuesday cut excise duty on petrol and diesel by two rupees a liter to protect retail consumers from higher global crude oil prices, a move analysts said could widen the country's fiscal deficit. "The cut in excise duty has modestly increased the likelihood of fiscal slippage this...

  • SANTIAGO, Oct 2- Chile's center-left government aims to reduce its fiscal deficit to 1.9 percent of gross domestic product next year despite a rise in spending, as an economic recovery boosts tax revenues, the finance minister said on Monday. A rebound in the price of copper, Chile's main export, is helping President Michelle Bachelet shore up public finances in...

  • SANTIAGO, Oct 2- Chile's center-left government seeks to reduce the country's fiscal deficit to 1.9 percent of gross domestic product next year as a recovery in economic growth stokes a sharp increase in tax revenues, Finance Minister Nicolás Eyzaguirre said on Monday. A recovery in the price of copper, Chile's main export, is helping President Michelle...

  • SAO PAULO, Oct 2- Brazilian stocks seesawed on Monday after posting their best quarter in eight years, as investors awaited further hints over President Michel Temer's efforts to pass market-friendly reforms. Temer's plan to streamline the social security system, a key measure for bringing Brazil's budget deficit under control, has been delayed by a...

  • Rep. Mark Walker, R-N.C.

    Republican leaders are lining up behind a tax plan that looks sure to increase the deficit, a plan that smacks of hypocrisy to some critics.

  • DUBAI, Sept 28- Saudi Arabia's foreign reserves fell in August to their lowest level since April 2011, central bank data showed on Thursday, drawn down to cover a budget deficit caused by low oil prices. The central bank's net foreign assets shrank by $6.9 billion from their level in July to $480.0 billion. Foreign securities holdings dropped only slightly in...

  • TOKYO, Sept 28- Japanese government bond prices dropped on Thursday, with the benchmark futures posting their biggest daily fall in three months, as investors anticipated possible fiscal expansion both in Japan and the United States. In Japan, Prime Minister Shinzo Abe called a snap election, as fresh opinion polls showed a fledgling conservative party led by...

  • TOKYO, Sept 28- Japanese government bond prices dropped on Thursday, with the benchmark futures posting their biggest daily fall in three months, as investors anticipated possible fiscal expansion both in Japan and the United States. In Japan, Prime Minister Shinzo Abe called a snap election, as fresh opinion polls showed a fledgling conservative party led by...

  • BRUSSELS, Sept 25- European Union states decided on Monday to close disciplinary procedures against Greece over its excessive deficit after improvements in Greece's fiscal position, confirming the country's recovery is on the right track. Greece had a 0.7 percent budget surplus in 2016, and is projected to maintain its fiscal position within EU rules'...

  • ROME, Sept 23- Italy on Saturday raised its forecasts for economic growth this year and next and said it would cut the budget deficit by less than previously promised. On Wednesday the Paris- based Organisation for Economic Cooperation and Development forecast Italian growth of 1.4 percent this year and 1.2 percent in 2018, compared with euro zone growth of 2.1...

  • BUENOS AIRES, Sept 21- Argentina is behind on at least $700 million in promised subsidy payments to natural gas producers, hurting oil companies at a time when the government is trying to woo more investment in the nation's energy sector. He took office in December 2015 vowing to jumpstart Argentina's struggling economy and cut a primary fiscal deficit...

  • What went wrong in Kansas City's tax experiment?

    CNBC's Kate Rogers reports on a recently reversed tax experiment in the state of Kansas.

  • BUENOS AIRES, Sept 21- Argentina is behind on at least $700 million in promised subsidy payments to natural gas producers, hurting oil companies at a time when the government is trying to woo more investment in the nation's energy sector. He took office in December 2015 vowing to jumpstart Argentina's struggling economy and cut a primary fiscal deficit...