Us Budget

Pentagon budget seeks 85 Lockheed F-35s in boost to program

The Pentagon’s base budget requests about $260 billion for procurement and about $220 billion for research, development, testing and evaluation accounts, compared with $205 billion and $179 billion respectively for this fiscal year’s request, according to OMB.

Trump proposes $1.5 trillion defense spending, 10% cut to domestic programs to fuel Iran war effort

Discretionary nondefense spending would be cut 10%, by about $73 billion, according to fact sheets circulated by the White House in advance of the annual budget release Friday.

The US Budget deficit is huge. Here’s why to worry

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

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.