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Federal Budget (U.S.) Deficits

  • Chrystia Freeland, Canada's minister of foreign affairs, center, talks to Bob Lighthizer, U.S. trade representative, next to Ildefonso Guajardo Villarreal, secretary of economy for Mexico, right, after opening statements during the first round of North American Free Trade Agreement (NAFTA) renegotiations in Washington, D.C., U.S., on Wednesday, Aug. 16, 2017.

    NAFTA negotiations around "rules of origin" could affect supply chains and raise costs.

  • firms@ SAO PAULO, Aug 16- Brazilian markets seesawed on Wednesday as credit ratings agency Standard& Poor's spared the country from a downgrade after the government loosened budget targets for years to come. Brazil on Tuesday widened its primary budget deficit goals through 2020 after lawmakers repeatedly refused to raise taxes needed to boost...

  • BRASILIA, Aug 15- Brazil's government loosened its budget targets for all years through 2020 on Tuesday, delaying prospects for a drop in the federal deficit after legislators repeatedly refused to raise taxes in the recession-hit economy. Ratings agency Standard& Poor's spared Brazil from a downgrade, saying after the announcement that it would maintain...

  • BRASILIA, Aug 15- The Brazilian government on Tuesday set a new primary deficit target for this year and next of 159 billion reais, the finance minister said, in response to lower-than-expected fiscal revenues. The country will also target a deficit of 139 billion reais for 2019, up from 65 billion previously, according to the Finance Ministry's presentation.

  • BRASILIA, Aug 15- The Brazilian government on Tuesday set a new primary deficit target for this year and next of 159 billion reais, the finance minister said, in response to lower-than-expected fiscal revenues. The country will also target a deficit of 139 billion reais for 2019, up from 65 billion previously, according to the Finance Ministry's presentation.

  • U.S. Commerce Secretary Wilbur Ross (L) holds a news conference with Mexico's Secretary of Economy Ildefonso Guajardo Villarreal at the Department of Commerce in Washington, U.S. March 10, 2017.

    Negotiators from Canada, Mexico and the United States are aiming for an ambitious first round of NAFTA talks.

  • BRASILIA, Aug 10- Brazil will probably raise its budget deficit targets for 2017 and 2018 in an announcement planned for Monday, to cope with lower than expected tax revenues in its slow economic recovery, government sources said on Thursday. The government had been expected to announce the revised target on Thursday after a meeting between President Michel...

  • The U.S. Treasury Department said Thursday that the budget gap came in at $42.9 billion last month, down from $112.8 billion in July 2016. The Congressional Budget Office forecasts that the deficit for the budget year ending Sept. 30 will come in at $693 billion, up from $584 billion in budget year 2016.. Congress is facing a deadline of Oct. 1 for getting a budget...

  • Brazil is currently targeting a deficit of 139 billion reais before interest payments. Investors and analysts say the likely revision would only mark a blip in an otherwise solid trajectory toward fiscal austerity that has restored optimism in Brazil, Latin America's largest economy. Fernando Honorato, the chief economist at Brazil's No. 3 listed bank,...

  • Not a whole lot more growth to 'squeeze' out of US economy: Wells Fargo's Mark Vitner

    Mark Vitner, Wells Fargo Securities senior economist, shares his expectations on economic growth.

  • BRASILIA, July 25- Brazil unveiled plans on Tuesday to raise revenue from mining royalties by 80 percent, the latest measure to shore up government finances, and cut red tape in attempt to attract more foreign investment amid a weak economic recovery. "We are just scratching the surface here," Mining Minister Fernando Coelho Filho said, touting Brazil's potential...

  • BRASILIA, July 25- Brazil unveiled a sweeping plan to boost government revenues from mining royalties by 80 percent this year, the latest move to reduce a deep budget deficit amid a sluggish recovery from the country's worst recession on record. The new levies, which will go into effect in November if Congress approves them, include the creation of the National...

  • BRASILIA, July 25- Brazil's government unveiled a sweeping proposal to change its mining code on Tuesday, which would boost royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. The new rules, which will go into effect in November if Congress approves them, include the creation of the...

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 percent, depending on market prices, from 2 percent currently.

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 percent, depending on market prices, from 2 percent currently.

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. "Brazil lagged behind in the royalties it charged," Mining Minister Fernando Coelho Filho said at the event where the new rules were...

  • BRASILIA, July 25- Brazil's government unveiled sweeping changes to its mining code on Tuesday, boosting royalties in the latest move to reduce a budget deficit amid a sluggish recovery from the country's worst recession on record. Royalties for iron ore will rise to as much as 4 percent, depending on market prices, from 2 percent currently.

  • BRASILIA, July 20- Brazil's government on Thursday increased a spending freeze and raised taxes to cover a budget gap this year, reinforcing its commitment to fiscal discipline but dealing a potential blow to fragile economic growth. Brazil lost its investment-grade rating in 2015 after missing budget targets for years. Brazil targets a budget deficit of 139...

  • BUDGET DIRECTOR MULVANEY SAYS WILLING TO ACCEPT SHORT-TERM DEFICIT INCREASES IF IT MEANS LONGER TERM ECONOMIC GROWTH.

  • *2016 budget deficit hits $1.4 billion, 10 percent of GDP. HARARE, July 20- Zimbabwe's budget deficit rose to $1.4 billion, or 10 percent of national output, in 2016, worse than previously revised estimates, the country's finance minister said. Chinamasa said the government paid white former farmers $134 million last year as compensation for land seized by...