Tag: US budget

• Wednesday, July 14th 2021 - 08:59 UTC

  US budget finances improving as labor market recovers and tax payments advanced two months

  

  The United States government recorded a budget deficit of 174 billion dollars in June, which is approximately a fifth of the 864 billion dollars the same month a year ago. Recovery of the labor and jobs markets, together with an advanced deadline to pay taxes this year helped to achieve the positive tendency.

• Wednesday, December 13th 2017 - 23:59 UTC

  Nobel Prizes criticize current US policy during the awards gala banquet

  

  A United States researcher who shared this year's Nobel Prize for medicine bluntly criticized political developments in the US in his address at the awards' gala banquet Sunday night. Michael Rosbash, who was honored for his work on circadian rhythms — commonly called the body clock — expressed concern that U.S. government support such as that received by him and colleagues Jeffrey Hall and Michael Young is endangered.

• Thursday, May 25th 2017 - 10:20 UTC

  Economists point out serious math errors in Trump's budget proposal

  

  The White House has denied the president's budget proposal contains an “egregious” math error. Former US Treasury Secretary Larry Summers pointed out the spending plan double-counts US$2trillion. But White House budget director Mick Mulvaney told reporters: “We stand by the numbers.”

• Friday, January 17th 2014 - 07:29 UTC

  US Congress supports budget peace for the rest of the fiscal year

  

  Washington's battles over government funding ended with a whimper today as the US Senate approved a 1.1 trillion dollars spending bill that quells for nearly nine months the threat of another federal agency shutdown.

• Thursday, December 19th 2013 - 05:55 UTC

  US congress agrees budget deal reducing risk of government shutdown

  

  On the same day the Federal Reserve announced tapering of stimulus, the US Senate passed a two-year budget deal to ease automatic spending cuts and reduce the risk of a government shutdown, but fights were already breaking out over how to implement the budget pact

• Thursday, October 31st 2013 - 03:46 UTC

  US with the lowest federal budget deficit since 2008: surplus in September

  

  Tax increases, spending cuts and a stronger economy nearly sliced the United States budget deficit in half in fiscal 2013, reducing it to the lowest level since 2008, Treasury Department data showed. The federal government took in 75.1 billion more than it spent last month, leaving the deficit for the fiscal year, which runs from October to September, at 680 billion, down from 1.09 trillion in 2012.

• Wednesday, September 12th 2012 - 01:48 UTC

  Moody's warns US may lose triple-A debt rating if no agreement is reached on the debt

  

  The United States may lose its triple-A debt rating if next year's budget negotiations do not produce policies that over time decrease the country's debt, Moody's Investors Service said in an e-mailed statement on Tuesday.

• Thursday, August 23rd 2012 - 01:33 UTC

  The US Fed considering round of monetary stimulus “fairly soon”

  

  The Federal Reserve is likely to deliver another round of monetary stimulus “fairly soon” unless the economy improves considerably, minutes from the US central bank's August meeting show.

• Tuesday, February 14th 2012 - 21:03 UTC

  Republicans promise ‘to kill’ Obama’s budget which raises taxes on the rich

  

  President Barack Obama called on Monday for aggressive spending to boost growth and for higher taxes on the rich, laying out an election-year vision for the US in a budget that was criticized sharply by Republicans for failing to curb the deficit.