Budget News

Hong Kong - Asian markets sank on Wednesday, taking their lead from another sell-off on Wall Street, while Tokyo took a hit as the yen climbed against the dollar with profit-takers moving in following last week's greenback rally.Tokyo's benchmark Nikkei index tumb...

President Barack Obama’s proposed 2015 budget asks for a fraction of a percent increase in funding for the National Institutes of Health (NIH), and a one percent boost in funding for the National Science Foundation (NSF).

The 'fiscal cliff' of expiring tax breaks and budget cuts in the United States from early 2013 could partly explain why Canadian exports were unexpectedly weak over the past two years...

Washington - President Barack Obama proposed a budget Tuesday for the coming fiscal year that has less to do with managing US finances than with stemming his party's losses in congressional elections.The mildly expansionary $3.9-trillion plan has little chance of p...

Washington - The White House projected a steady fall in the US deficit over the next five years decade while the economy grows moderately, as it released its budget for the 2015 fiscal year on Tuesday.The budget foresees the economy growing 3.1 percent this year an...

Canada's federal budget registered a surplus in December 2013 of C$1.15 billion ($987 million), reflecting a strong increase in revenues from most sources, the Department of Finance said on Friday in a monthly report.

The proposed budget cuts by the Secretary of Defense are nothing more than a red herring from an administration with out of control spending habits, desperate to make the Affordable Care Act work, and a habit of targeting the military.

Washington - The Pentagon plans to scale back the US Army by more than an eighth to its lowest level since before World War II, signaling a shift after more than a decade of ground wars.Saying it was time to "reset" for a new era, Defense Secretary Chuck Hagel reco...

Singapore is known as a tropical refuge for the world's wealthy, endowed with exclusive residential enclaves, a marina for super-yachts, two casinos and an annual Formula One race that brings in the gl...

New Delhi - India's embattled government said Monday it had lifted tens of millions of people out of poverty as it announced an interim budget ahead of elections that it is widely tipped to lose.Finance Minister P.