Federal Budget (U.S.) Deficits

  • PARIS, Sept 24- France will reduce the tax burden on households and companies by nearly 25 billion euros next year, the government said in its 2019 budget bill, pushing the deficit up towards an EU cap as the economy fails to gain pace. Households will see their tax bill reduced by a total 6 billion euros while business taxes will fall by 18.8 billion euros, resulting...

  • *Italy govt must present budget targets this week. European Central Bank President Mario Draghi speaks at the European Parliament later on Monday, while the U.S. In Italy, the chief economic advisor for the League, one of the two parties in the ruling coalition, said on Monday that a deficit target of 2.5 percent of gross domestic product in the 2019 budget, coupled...

  • Bob Lighthizer, U.S. trade representative, right, speaks to Chrystia Freeland, Canada's minister of foreign affairs, 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.

    For more than a year, Chrystia Freeland, Canada's foreign minister, and Robert E. Lighthizer, the United States trade representative, have been locked in intense negotiations to rewrite the North American Free Trade Agreement.

  • ROME, Sept 20- Italy's ruling parties want to spur economic growth by setting next year's budget deficit target at more than two percent of annual output, a level that clashes with European Union commitments and may boost the country's mammoth debt. Earlier this month, Economy Minister Giovanni Tria reassured the European Commission he would stick to goals...

  • ROME, Sept 20- Italy's ruling parties want to spur economic growth by setting next year's budget deficit target at more than two percent of annual output, a level that clashes with European Union commitments and may boost the country's mammoth debt. Earlier this month, Economy Minister Giovanni Tria reassured the European Commission he would stick to goals...

  • *Italy's bond yields rise on Di Maio threat. It is useless to chug along, " Di Maio told Italy's Radio 24.. Italy's Economy Minister Giovanni Tria has to set growth, deficit and debt targets for next year's budget by Sept. 27.

  • *Official says Italy should breach 2 pct/ GDP deficit in 2019. ROME, Sept 20- Italy's ruling parties want to spur economic growth by setting next year's budget deficit target at more than 2 percent of annual output, a level that clashes with European Union commitments and may boost the country's mammoth debt. Earlier this month, Economy Minister Giovanni Tria...

  • BUENOS AIRES, Sept 19- Argentina's gross domestic product contracted 4.2 percent in the second quarter of 2018 from the same period last year and 3.9 percent from the prior quarter, government statistics agency Indec said on Wednesday. While fiscal austerity policies have substantially shrunk Argentina's deficit, investors remain worried that the...

  • ROME, Sept 19- Italy's populist ruling coalition called on Economy Minister Giovanni Tria on Wednesday to allow greater deficit spending in next year's budget in order to make good on campaign promises, causing jitters in financial markets worried about debt. Pressure on Tria has increased as a Sept. 27 deadline approaches to set the deficit and debt targets...

  • ROME, Sept 19- Italy's populist ruling coalition called on Economy Minister Giovanni Tria on Wednesday to allow greater deficit spending in next year's budget in order to make good on flagship campaign promises. Pressure on Tria has increased as a Sept. 27 deadline approaches to set the deficit and debt targets for next year's budget, which must be presented to...

  • LONDON, Sept 18- Italy's government bond yields fell sharply on Tuesday on growing optimism that the new coalition's budget will respect European Union rules on fiscal discipline. Deputy prime ministers Luigi Di Maio and Matteo Salvini are pushing for a larger deficit than Economy Minister Giovanni Tria wants. A source told Reuters on Monday that Di Maio and...

  • PRAGUE, Sept 18- Plans by the Czech government to run a central state budget deficit of 40 billion crowns in 2019 are "not optimal," the National Budget Council said on Tuesday. The council, made up of economists who are confirmed by parliament, reiterated recommendations to use the Czech Republic's strong economic growth- forecast above 3 percent next year- to...

  • *S&P lifts Cyprus to investment grade. LONDON, Sept 17- Italian bond yields tumbled on Monday, as a report that Italy's economy minister is set on preventing the 2019 budget deficit rising above 1.6 percent of domestic output boosted investor hopes for a market-friendly budget. Bond yields in Cyprus also fell sharply after S&P Global late on Friday promoted...

  • BUENOS AIRES, Sept 17- The International Monetary Fund has held productive meetings with Argentina aimed at revamping the country's standby loan agreement, the IMF said on Monday, while the government prepares to send its 2019 budget bill to Congress. The measure is expected to include new spending cuts aimed at erasing Argentina's primary fiscal deficit...

  • Italian Prime Minister Giuseppe Conte, his two deputy prime ministers and Economy Minister Giovanni Tria are due to meet on Monday over the country's 2019 budget, the Corriere della Sera newspaper reported. In a separate unsourced report, Corriere also said that Tria was set on preventing Italy's budget deficit from rising above 1.6 percent of gross domestic...

  • NEW DELHI, Sept 15- India's finance minister said on Saturday that the government is confident of meeting its fiscal deficit target of 3.3 percent of gross domestic product in the current fiscal year, a day after outlining a number of measures to bolster the falling rupee. In a message clearly aimed at allaying market concerns that a confluence of factors could...

  • The Treasury Department said Thursday the August deficit pushed the deficit for the first 11 months of the budget year to $898.1 billion, 33 percent higher than the same period a year ago. In addition, Social Security payments, which are normally made on the third of each month, were pushed into August because Sept. 3 was the Labor Day holiday. President Donald Trump...

  • WASHINGTON, Sept 13- The U.S. government had a $214 billion budget deficit in August, almost double the amount for the same period last year as outlays swelled, according to Treasury Department data released on Thursday. That compared to a budget deficit of $108 billion in the same month last year, the department's monthly budget statement showed.

  • VIENNA, Sept 7- Italy understands it must cut its structural deficit and start reducing public debt in its 2019 budget, European Commission Vice President Valdis Dombrovskis said in a tweet on Friday after talks with Italian Finance Minister Giovanni Tria. The reassurance from Tria, on the sidelines of a meeting of European Union finance ministers in Vienna,...

  • BUENOS AIRES, Sept 6- Argentina could shed some 40,000 jobs in its construction sector in coming months as high interest rates hurt financing and the government scales back projects to cut its budget deficit, according to industry executives and union leaders. With the central bank holding interest rates at a punishing 60 percent in an effort to curb high...