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Senate Deal Would Avoid Shutdown as Funding Fight Turns to House
Senate leaders announced a bipartisan two-year budget agreement Wednesday that would provide nearly $300 billion in additional funding, a crucial step toward averting a Friday government shutdown and
Ghana’s President Pledges to Build on Economic Progress of 2017
Ghana’s President Nana Akufo-Addo said efforts to stabilize the economy are beginning to yield results as the rate of debt-growth slowed while the government exceeded targets for keeping spending
U.S. Government Shutdown Begins as Congress Lets Funding Lapse
The U.S. government entered a partial shutdown as Congress missed a midnight deadline to pass spending legislation because of a Republican senator’s objections, but the lapse may last only a few hours
Trump's Soaring Budget Deficit Risks Intensifying Market Frenzy
The ballooning federal budget deficit under President Donald Trump will force the U.S. to borrow more than $1 trillion this year and risks worsening the frenzy behind the global sell-off in stock
U.S. Budget Director Warns Interest Rates May ‘Spike’ on Deficit
The U.S. will post a larger budget deficit this year and could see a “spike” in interest rates as a result, but lower deficits are possible over time based on sustained economic growth from Donald
Trump May Struggle on $1 Trillion Pledge to Fix Crumbling U.S. Infrastructure
Donald Trump ran for president on the promise of $1 trillion fix for crumbling U.S. roads, bridges and airports, but the plan he’s rolling out Monday commits the federal government to spending just a
Commentary: Our fake ‘conservative’ Congress doesn’t care about debt — and probably never will
Spending only the money you actually have. It’s a basic concept that even young children understand, and yet, the children running our government in Washington,…
Trump Sends His Infrastructure Plan to Skeptical Congress
President Donald Trump Monday released his long-awaited proposal to upgrade roads, airports and other public works.
The U.S. Budget Gap Widens
The U.S. budget deficit widened in the first four months of the fiscal year as growth in spending exceeded revenue.
Fannie and Freddie Mortgages Face Higher Fees Under Trump Budget
The Trump administration has said it wants to get Fannie Mae and Freddie Mac out of government control, but in the meantime it’s not being shy about seeking to use revenue from the U.S.-backed
Intelligence Director: National Debt ‘Dire Threat to Our Economic and National Security’
Director of National Intelligence Dan Coats warned the Senate Intelligence Committee on Tuesday about the risk posed by the national debt.
Looking to Elections, Modi Lets India's Subsidy Bill Surge
Prime Minister Narendra Modi has allowed India’s subsidy bill to balloon in the lead up to crucial elections, at the risk of breaching his budget deficit goals.
Investors Worry Erdogan Could Call an Early Vote Because His War Is Popular
Recep Tayyip Erdogan is riding a wave of domestic support for his army’s incursion into Syria, leading investors to fret that the Turkish president will seek to capitalize by calling an early
Doesn’t Anyone Care About Deficits Anymore?
Voters don’t seem to, and Republican lawmakers have stopped pretending.
Trump’s budget director just gave a cost estimate for the proposed military parade
Budget director Mick Mulvaney gave a cost estimate for President Donald Trump’s proposed military parade Wednesday, and also said he would vote against the Trump…
Berlusconi's Pick for Premier Says Allies No Longer Euroskeptic
Antonio Tajani, the European Parliament president floated by Silvio Berlusconi as Italy’s next prime minister, says their coalition partners would cease threatening to exit the European Union and the
Ramaphosa Tax Gamble Targets Debt Before South African Vote
South Africa’s ruling party took a political gamble by increasing sales tax ahead of elections next year as new President Cyril Ramaphosa seeks to stabilize debt.
Treasury’s Malpass Says Rising U.S. Debt, Deficit ‘Troubling’
A senior U.S. Treasury official said he wants to see a multiyear effort to narrow the federal budget deficit, as he warned the nation’s mounting debt is "troubling."
Charts Show the Tough Decisions Taken in South Africa's Budget
South Africa unveiled a budget that will raise taxes and cut spending as it seeks to fend off a third junk credit rating.
Analysts Like What They See in South Africa's Budget Plan
The rand advanced, stocks climbed, South Africa’s credit default swaps fell and the last time the yield on the nation’s local-currency debt was this low was in 2015.