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Budget News

EU orders Spain to submit new budget as election nears

Brussels - The European Commission on Monday ordered Spain to submit a new draft budget with lower deficit estimates to avoid violating the bloc's tough spending rules, in a blow for the government ahead of Spanish elections.

Obama signs bill averting US government shutdown

Washington - Congress and President Barack Obama steered the US government clear of a shutdown hours before a midnight deadline, approving temporary federal spending that does not defund a women's health care provider as Republicans hoped.

Slovakia to dispute EU migrant quotas in court: PM

Bratislava - Slovakia's leftist Prime Minister Robert Fico said Wednesday his country would take legal action to dispute mandatory quotas adopted by the European Union to relocate 120,000 refugees amid an unprecedented migrant crisis.

Obama urges Congress to approve U.S. budget

Washington - President Barack Obama used his weekly radio and online address Saturday to urge the Republican-controlled Congress to pass a budget in a timely fashion.

Amazon announces surprisingly capable $50 Fire tablet

Amazon has unveiled a new 7-inch Fire tablet that will retail for just $50. It features modest but respectable hardware specifications and the option of purchasing a family-equipping six-pack at reduced cost.

Review: Asus Eeebook X205TA – the £180 laptop with a 12-hour battery

The Asus Eeebook X205TA is an 11.6-inch Windows laptop that costs less than £180. Despite the ultra-low price, it is a surprisingly capable machine that sports a 12hr battery, solid build quality, and enough power to manage any general computing tasks.

Mobile ads are dramatically under-priced, says marketing leader

Last week, the leader of the Mobile Marketing Association advised advertisers that they were being dramatically under-charged for ad videos on mobile platforms. He suggests that supply outweighs demand and that the current low prices cannot last long.

Sweden raises defence budget amid Russia concerns

Stockholm - Sweden will raise defence spending by 10.2 billion kronor (1.09 billion euros, $1.18 billion) for the period 2016 to 2020, the government said Friday amid concerns over Russia's military resurgence.

Microsoft could be building a new budget Surface for Windows 10

Microsoft is reporting to be building a new variant of its popular Surface Pro 3 tablet that will be a lower-end replacement to the Windows RT Surface 2 of September 2013. The new tablet will run full Windows though and is designed to fill a range gap.

Greece hits out at EU opposition to 'humanitarian' law

Atenas - Greece has responded sharply to apparent pressure from the EU not to pass Wednesday a "humanitarian crisis" law that would provide free electricity and food stamps for the poorest households.

Protests blamed as Hong Kong misses growth targets

Hong Kong - Hong Kong's leadership Wednesday blamed months of pro-democracy protests as the economy fell well short of predicted growth in 2014, and said "prolonged political bickering" could do more damage to investor confidence.The growth rate was just 2.

Italy sells off Mussolini buildings to fund Fuksas's cloud

Rome - Cash-strapped authorities in Rome are to auction off four Mussolini-era public buildings to fund the completion of a long-delayed but eagerly-awaited new conference centre by acclaimed architect Massimiliano Fuksas.

Obama seeks big science boost

Washington - The fiscal year 2016 could be promising for scientific research if the President Obama's budgetary requests are granted.

Obama backs spending increase, hits Republicans

Washington - A combative US President Barack Obama unveiled plans to increase government spending, in defiance of his Republican opponents controlling Congress.

Obama to request hike in U.S. military budget

Washington - President Barack Obama plans to ask for an increase in military spending in a proposed budget for 2016, with a request for $585 billion that would exceed funding caps mandated by Congress, officials said.

Japan approves biggest ever defence budget amid Asia tensions

Toukyo - Japan approved its largest-ever defence budget for the next fiscal year on Wednesday, as hawkish Prime Minister Shinzo Abe looks to strengthen surveillance of territorial waters in the face of a continuing spat with China.

Italian parliament adopts budget after EU battle

Rome - The Italian parliament adopted the government's 2015 budget late Monday, after the European Union forced Prime Minister Matteo Renzi to redraft the text to rein in the country's deficit.

US Congress passes 2015 spending bill after bruising fight

Washington - The US Congress passed a $1.1-trillion spending bill for fiscal year 2015, capping a week of acrimonious wrangling while averting a government shutdown and sending the measure to President Barack Obama.

Shutdown averted for now as Congress extends US funding

Washington - The US Senate gave itself four additional days to pass a $1.1 trillion federal spending bill, easing the threat of a government shutdown that was looming at midnight.

US House approves $1.1 trillion spending bill, averts shutdown

Washington - Facing intense pressure to avoid a government shutdown, the US House of Representatives narrowly passed a $1.1 trillion federal spending bill Thursday, sending it to the Senate after it was ushered through barely two hours before a midnight deadline.

Sweden faces political crisis as extreme right rejects budget

Stockholm - A political crisis erupted in Sweden Tuesday when the extreme-right Sweden Democrats, the country's third largest party, vowed to block the new leftist-green government's budget, a move that could trigger new elections.

France has 'no concern' on EU budget deadline

Dublin - France has no concerns about the European Commission's decision to extend a deadline for Paris to meet public finance requirements despite possible sanctions, the country's finance minister said Friday.

EU gives France, Italy extra time to fix bloated budgets

Brussels - The EU on Friday gave France, Italy and Belgium an extra three months until March to fix their bloated budgets, but warned it would still enforce humiliating sanctions if they fail to curb spending.

EU ministers challenge Britain's victory claim on huge bill

Brussels - Britain declared victory after the EU agreed Friday to extend a deadline for a huge 2.1-billion-euro bill, but walked straight into a new row as other countries rejected its claims to have reduced the amount.

EU's Juncker: Cameron has 'problem' with other leaders

Brussels - New European Commission chief Jean-Claude Juncker stoked a bitter row between London and Brussels Wednesday, accusing Prime Minister David Cameron of having a "problem" with other EU leaders.

Tax summit in Berlin aims to say goodbye to banking secrecy

Berlin - The finance ministers of around 50 countries meet in Berlin on Wednesday to sign a deal they hope will put an end to banking secrecy and aid the worldwide fight against tax fraud and evasion.

Cameron vows to fight EU payment despite warning of fines

London - Prime Minister David Cameron on Monday brushed off an EU payment demand despite a warning from the European Commission that Britain faces fines if it does not pay up by December 1.

Franco-German mini-summit to tackle growth, budget

Berlin - French and German ministers are due to meet Monday to discuss ways of boosting growth in Europe's two biggest economies, as Paris called on Berlin to step up investment.

Japan defence ministry asks for record budget

Tokyo - Japan's defence ministry on Friday made its biggest ever budget request, as Tokyo bolsters its military amid worries over China's expanding naval reach. The ministry wants 5.05 trillion yen ($48.

India increases defence spending, invites foreign investment

New Delhi - India announced Thursday it would lift the cap on foreign direct investment in the defence sector to 49 percent and announced a 12-percent rise in military spending as part of efforts to modernise its armed forces.
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Budget Image

New Jersey s baboon is finally captured.
New Jersey's baboon is finally captured.
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
President Barack Obama delivers remarks on the budget negotiations  in the James S. Brady Press Brie...
President Barack Obama delivers remarks on the budget negotiations, in the James S. Brady Press Briefing Room of the White House, Sept. 30, 2013.
White House photo
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Altogether Fool
The Indiana House of Representatives.
The Indiana House of Representatives.
Associated Press
Home baked bread can be a healthy  tasty  inexpensive alternative to store-bought loaves.
Home baked bread can be a healthy, tasty, inexpensive alternative to store-bought loaves.
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
CBO 2010 Federal Budget. Notice that Social Security  Medicare and Medicaid amount to 43 percent of ...
CBO 2010 Federal Budget. Notice that Social Security, Medicare and Medicaid amount to 43 percent of total expenditures for FY 2010.
The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.
Pie chart showing breakdown of expenditures for 2010 federal budget. Notice Social Security  Medicar...
Pie chart showing breakdown of expenditures for 2010 federal budget. Notice Social Security, Medicare and Medicaid spending amount to 46 percent of total spending.

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