Us Budget

Don’t fret about the immediate effect on money markets. Do fear that the bond vigilantes will reawaken

Biden's $6.8-trillion budget challenges Republicans, raises taxes on rich

Total US debt would rise to nearly 110 percent of annual gross domestic product in 2033, a figure that rivals the peaks during the country's mobilisation for World War II

What’s in (and not in) the $1.7 Trillion spending bill

A big boost for the military, more aid for Ukraine, a preference for the lobster industry over whales and an overhaul of the Electoral Count Act are among the provisions in the 4,155-page bill lawmakers expect to pass this week.

Biden to include minimum tax on billionaires in Budget proposal

Biden’s proposal to impose a tax on billionaires is the first time he has explicitly called for a wealth tax.

For efficient Budget making, follow US open system

Instead of the current opaque budget-making process, India should adopt the far more democratic US system  

The radical modesty of Biden’s Budget

The US President is neither proposing nor promising a revolution, just policies that would make Americans’ lives significantly better

Biden budget highlights: Lots of spending, taxing the rich

Democrats control Congress by the narrowest of margins and could theoretically pass Biden's tax increases and many of his bold spending plans under special budget rules that prevent a GOP Senate filibuster.

Biden’s Budget sees low inflation, rising debt and slow economic growth

The proposal offers a new view into the costs of the Biden administration’s infrastructure and jobs plans

US budget deficit hits all-time high of $864 billion in June

The Treasury Department reported on Monday that the deficit hit USD 864 billion last month, an amount of red ink that surpasses most annual deficits in the nation's history and is above the previous monthly deficit record of USD 738 billion in April.

Dollar, oil slip as US shutdown drags on, gold up

Democrats and Republicans remained far apart on ending the government shutdown, let alone reaching a deal on the US borrowing limit by October 17 to avoid an unprecedented default.

Republicans unveil ten-year plan to shrink US deficit

A 10-year, USD 4.6 trillion balanced budget proposal unveiled by Republicans on Tuesday could either be shelved within weeks or help jump-start negotiations with President Barack Obama toward a major deficit-reduction deal.

Asian shares slide as US budget impasse creates anxiety

Asian shares slid on Friday after a Republican proposal to deal with a US fiscal crunch failed to get enough support, deepening uncertainty over the US can avert the "fiscal cliff" of automatic spending cuts and tax increases set to start January 1.

Wall Street rebounds on some 'cliff' progress

US stocks rebounded from early losses on Thursday, as stocks caught a bit of buying action after Republican House Speaker John Boehner said he would keep working on a solution to the "fiscal cliff" while also slamming President Barack Obama's approach to budget talks.

Gold near four-month low; US budget talks watched

Gold regained some footing on Friday as the euro stayed near an eight-month high against the dollar and talks to avoid a fiscal crisis in the United States seemed to stall again, but the metal was still on track for its fourth weekly fall.

Is gold's bull-run over after 12 years of gains?

Gold's extraordinary rally finally about to end as it limps towards the close of its twelfth year of gains?

Asian shares, euro rise after firm China data

Asian shares and the euro rose on Monday as further signs of a stabilising Chinese economy boosted investor risk appetite, offsetting worries that stagnant US budget talks could threaten to derail the world's largest economy.

Obama seeks clean energy, pipeline funds in budget

The White House proposed more funds for renewable energy and pipeline safety in the 2013 budget while renewing the call to end subsidies for the oil and gas sector.

Obama's election-year budget to target rich

President Barack Obama will argue for tax increases on the wealthy and new spending on roads and other infrastructure projects as he lays out a campaign-year budget on Monday that will draw a populist battle line with his Republicans opponents.

US can buy time to make tough budget cuts: Geithner

Congress and the White House could buy time to make the difficult decisions needed to cut the US budget gap if they can agree on a broad deficit reduction framework, US Treasury Secretary Timothy Geithner said on Tuesday.

Shutdown battle only the start of US budget war

The battle over the US budget has ended. Now the war begins. The debate over this year's budget that took the U.S. government to within an hour of a shutdown is only a dress rehearsal for bigger spending clashes to come.

US budget deal elusive, government shutdown looms

Facing a midnight deadline, the White House and Congress worked furiously on Friday to break a US budget deadlock and prevent a federal government shutdown that would idle hundreds of thousands of workers.

Obama's budget: Balancing act tougher than Pranab's

The world is gearing up to deal with the US budget, which comes just before the Indian Budget, and President Barack Obama has a tough task at hand. In his balancing act, which is tougher than Indian finance minister Pranab Mukherjee's job.