Friday
February 8, 2013
Results for: deficit

  • 01/02/2011 | Argentina

    Timerman considers trade deficit with Brazil is ‘concerning’

    Foreign minister Héctor Timerman revealed today that the trade deficit Argentina has with Brazil is “concerning”, and indicated that both nations are working “to reduce it.”

  • 05/02/2011 | World

    UK's Cameron rules out big tax cuts at budget

    Prime Minister David Cameron ruled out big tax cuts at next month's budget, confirming in a Sunday newspaper interview that his focus remained on reducing Britain's budget deficit.

  • 11/02/2011 | World

    US trade gap widens in December, swells 33% in 2010

    The US trade deficit widened in December to its highest level in four months, the US government said in a report that also showed the annual trade gap expanded nearly 33 percent in 2010 as imports from China hit record levels.

  • 14/02/2011 | World

    Obama budget attacks US deficit, sets up fight

    President Barack Obama proposed a budget that would cut the US deficit by US$1.1 trillion over the next 10 years, but Republicans said it did not curb spending deeply enough.

  • 10/04/2011 | World

    Obama to offer US deficit plan, more fights loom

    With one budget fight behind him, President Barack Obama will offer a long-term plan for deficit reduction this week in preparation for bigger US spending battles ahead, the White House said.

  • 12/04/2011 | World

    US trade gap falls in February as trade contracts

    The US trade deficit shrank in February as imports fell more than exports, according to a government report that suggested a slowdown in global demand. The monthly trade gap totaled $45.8 billion, down from an upwardly revised estimate of $47.0 billion in January.

  • 12/04/2011 | World

    White House: Obama wants balanced approach on deficit

    The White House signaled that President Barack Obama will discuss the role of taxes in reducing the US deficit in a Wednesday speech.

  • 14/04/2011 | World

    Obama: US must use tax code to help meet deficit targets

    US President Barack Obama said the United States must use the tax code to help meet its targets for reducing the deficit and said that the wealthiest Americans must help achieve that goal.

  • 18/04/2011 | World

    US' Pelosi says both parties must reduce deficit

    US House Democratic Leader Nancy Pelosi said that Standard & Poor's downgrade of the US credit outlook showed both Democrats and Republicans must "demonstrate our commitment to reducing our deficit through shared responsibility."

  • 02/07/2011 | World

    Obama says ending tax breaks required to cut deficit

    President Barack Obama pressed his case today for achieving deficit reduction, in part by ending tax breaks and singling out hedge fund managers, oil companies and billionaires to take the hit.

  • 12/07/2011 | World

    US trade deficit surges to $50.2 BL in May

    The US trade gap widened much more than expected in May as a jump in oil prices helped push imports to the second highest level on record and exports fell slightly from April's record high, a US government report showed.

  • 15/07/2011 | World

    Obama says time running out for debt ceiling deal

    US President Barack Obama that deficit negotiations should have been taken care of early rather than allowed to run this close to the Aug. 2 deadline for raising the US debt ceiling.

  • 17/07/2011 | World

    Fallback plan gains momentum in US debt talks

    With time running short in US debt talks, Republican and Democratic senators sought to craft a plan that could avert an unprecedented government default while making modest cuts in the deficit.

  • 17/09/2011 | World

    Obama: Americans must pay fair share to cut deficit

    President Barack Obama said that Americans need to be ready to "pay their fair share" to narrow the US deficit, previewing his proposals to Congress that are expected to include more taxes on the rich.

  • 26/09/2011 | World

    Moody's: Obama budget unlikely to be implemented

    President Barack Obama's deficit reduction plan would be positive for US ratings, but chances of its implementation are "extremely low," Moody's Investors Service said.

  • 13/10/2011 | World

    US August trade gap narrows slightly

    The US trade deficit narrowed marginally in August, but the trade gap with China widened to a record high, the Commerce Department said.

  • 21/11/2011 | World

    US deficit panel fails to reach deal

    A US congressional "super committee" failed to reach a deal on reducing federal government deficits, the co-chairs of the panel said.

  • 28/11/2011 | World

    Fitch warns of US downgrade if no budget deal in 2013

    Fitch Ratings warned it may cut the United States' AAA rating if policymakers fail to agree in 2013 on a plan to reduce the country's ballooning budget deficits.

  • 19/12/2011 | World

    New Spanish leader pledges deep crisis cuts

    Spain's incoming Prime Minister Mariano Rajoy took aim at his country's economic woes Monday, promising deep spending cuts at all levels of government while offering tax breaks for companies.

  • 30/12/2011 | World

    Spain says deficit bigger than expected, unveils tax

    Spain's new government said the public deficit for 2011 would come in at 8% of gross domestic product, well above a target of 6%, and announced income and property tax hikes and a civil servant wage freeze in response.

  • 03/06/2012 | World

    Spain calls for new euro fiscal authority

    Spain, the latest combat zone in Europe's long-running debt wars, urged the euro zone to set up a new fiscal authority to manage the bloc's finances and send a clear signal to markets that the single currency project is irreversible.

  • 05/06/2012 | World

    Spain says markets are shut to it as G7 confers

    Spain's Treasury Minister Cristobal Montoro sent out the dramatic distress signal in a radio interview about the impact of his country's banking crisis on government borrowing, saying that at current rates, financial markets were effectively shut to Spain.

  • 06/06/2012 | World

    White House: Obama still opposes extending Bush-era tax cuts for rich

    President Barack Obama continues to oppose extending Bush-era tax cuts for wealthier US citizens, the White House said today, shrugging off calls from some Democrats for a temporary extension to make more time for a deal on deficits.

  • 26/06/2012 | World

    Spain considers tax hikes to curb deficit, please EU

    Spain is considering raising consumer, energy and property taxes, the government said, as it struggles to reduce a public deficit that may have already exceeded one of its budgeted ceilings for the full year.

  • 07/07/2012 | World

    Greek socialist leader wants more time for deficit cuts

    Greek socialist leader Evangelos Venizelos warned that the country's recession would be deeper than projected this year, and called for extending the deficit-cutting plan to three years, at a meeting with inspectors from the EU, European Central Bank (ECB) and IMF.

  • 09/07/2012 | World

    EU gives Spain more time on deficit, sets bank aid

    Euro zone ministers agreed to grant Spain an extra year until 2014 to reach its deficit reduction targets in exchange for further budget savings and set the parameters of an aid package for Madrid's ailing banks.

  • 11/07/2012 | World

    Spain's Rajoy announces new austerity plan amid European pressure

    Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts designed to slash 65 billion euros from the budget deficit by 2014 as recession-plagued Spain struggles to meet tough targets agreed with Europe.

  • 29/09/2012 | World

    Spain sees 2012 deficit target jump if bank aid included

    Spain will meet its 2012 public deficit target as dictated by European guidelines, but the shortfall will jump by more than one percentage point if aid to its struggling banks is taken in to account, the government said

  • 05/10/2012 | World

    Merkel to visit Greece as money running out

    German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted, in a show of support for Athens after it said it would run out of money at the end of November without fresh international aid.

  • 14/01/2013 | World

    Bernanke says raising the US debt ceiling is critical

    US Federal Reserve Chairman Ben Bernanke urged US lawmakers to lift the country's borrowing limit to avoid a potentially disastrous debt default, warning that the economy was still at risk from political gridlock over the deficit.

  • 07/02/2013 | World

    Obama open to 'big deal' on budget, but wants revenues

    US President Barack Obama told congressional Democrats today he is willing to agree to a "big deal" with Congress on spending cuts and tax reforms to end uncertainty over the budget deficit, but insisted that new revenues be part of the package.


Results: 31

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