Tag: US Congress budget

• Tuesday, May 2nd 2017 - 07:24 UTC

  US Congress agrees on spending bill, with no funds for the Mexico border wall

  

  Congressional negotiators have reached an agreement on a spending bill to keep the Unites States government running until 30 September, media report. The bipartisan deal boosts military spending but does not include funding for President Donald Trump's proposed wall on the Mexico border, they say.

• Monday, October 14th 2013 - 05:31 UTC

  IMF warns US default means massive disruption and world recession

  

  The head of the International Monetary Fund, Christine Lagarde, has warned that a US default could tip the world into recession. In a US TV interview she said a default would result in “massive disruption the world over”.

• Thursday, August 23rd 2012 - 01:38 UTC

  US Congress budget office warns “fiscal cliff” is already holding back the economy

  

  The US Congress budget office launched on Wednesday a stern warning: massive spending cuts and tax hikes due next year will cause even worse economic damage than previously thought if Washington fails to come up with a solution.