Posts Tagged ‘Budget’

Egypt’s new president faces lengthy economic agenda

The Media Line Staff Cairo, Egypt David Rosenberg (The Medi – Egypt’s new president, Mohamed Morsi, could take some pleasure in seeing the Egyptian Stock Exchange rise in the days after the news of his election victory became known. The Egyptian Stock Exchange posted a power rally, with its EGX 30 index tacking on 11 […]

Dutch prime minister, cabinet resign as budget cut talks fall

Prime Minister Mark Rutte’s minority government ended on Monday after just one-and-a-half years in power as the collapse of budget deficit talks with a populist party forced him to resign. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Dutch prime minister, cabinet resign as budget cut talks fall

Prime Minister Mark Rutte’s minority government ended on Monday after just one-and-a-half years in power as the collapse of budget deficit talks with a populist party forced him to resign. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Revamping Medicare: A Guide To The Proposals, Politics And Timeline

The more immediate pressure is to reduce the deficit by the end of this year to stop automatic 2 percent spending cuts from going into effect in 2013, as required by last year’s budget agreement. That will likely entail slowing spending in Medicare, which provides health care to 47 million seniors and disabled people and consumes […]

Obama unveils $3.8 trillion budget

President Obama unveiled a $ 3.8 trillion budget request Monday that raises taxes on the rich and spends more on infrastructure and education. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

UK faces bigger financial black hole

Office of Budget Responsibility downgrades its estimate of Britain’s economic potential over the next few years View full post on UK Business Stories

Syrian economy faltering

BEIRUT/ALEPPO (IRIN) – Mufid’s (second name withheld) small manufacturing business in a poor neighborhood on the edge of Aleppo, Syria’s commercial capital, used to run on trust because he would receive goods and pay later – a system of trading that locals call `khamisat’. Derived from the Arabic word for Thursday, `khamisat’ meant Mufid would […]

Papandreou secures Greek Parliament vote on property tax

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Greece solved one roadblock to getting another round of bailouts after Prime Minister George Papandreou got the parliament’s approval on Tuesday of a property tax to meet the country’s debt-reduction targets. Greek MPs voted 155 to 142 to okay the tax after Finance Minister Evangelos Venizelos […]

France hikes taxes to reduce deficit

Vittorio Hernandez – AHN News Paris, France (AHN) – French Prime Minister Francois Fillion announced on Wednesday tax hikes to reduce the country’s budget deficit by $.17.3 billion (EUR 12 billion) over the next two years. Along with the announcement of a package of measures to reduce the budget gap, Fillion said that the country’s […]

Moody’s cuts Japan’s debt rating to Aa3

Rating agency cited large budget deficits and the build-up of debt since the 2009 global recession View full post on UK Business Stories