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Budget News

Germany wants change to NATO two-percent budget goal

Berlin - Germany's defence minister called Friday for changes to the way NATO members' commitments to budget targets are assessed, in the face of bigger demands from US President Donald Trump.

UN warns against 'abrupt funding cuts' stemming from US budget

New York - The United Nations on Thursday warned that its operations could suffer if the United States were to slash funding to the world body as called for in President Donald Trump's first budget proposal.

Trump budget 'cripples' environment, science, critics say

Washington - US President Donald Trump's proposed 2018 budget would slash funding for science, health and environmental programs at home and abroad, sparking outcry among experts who say the cuts would endanger the planet.

Trump slashes foreign aid in 'hard power' budget blueprint

Washington - President Donald Trump proposed drastic cuts in spending on the arts, science, foreign aid and environmental protection Thursday, in a security-focused budget blueprint that could struggle to pass Congress.

May warns on EU budget bill as Brexit start looms

Brussels - Prime Minister Theresa May warned EU leaders Thursday that Britain would not keep paying "huge sums" into the EU budget after Brexit, as she expressed impatience to start the divorce.

Britain eyes cautious budget ahead of Brexit trigger

London - British finance minister Philip Hammond unveils his latest tax and spend plans Wednesday in a budget expected to exude caution as the country prepares to trigger Brexit.

China defence spending to rise 'around 7%': official

Bejing - China will raise defence spending "around seven percent" this year as it guards against "outside meddling" in its disputed regional territorial claims, a top official said Saturday, in an apparent reference to Washington.

Britain could legally leave EU without settling bill: Lords panel

London - Britain could legally leave the European Union without settling its accounts with the bloc, lawmakers said Saturday, while warning of the political risks of such an approach.

Trump eyes jump in defense spending

Washington - President Donald Trump announced Monday he would ask Congress for a nearly 10 percent increase in defense spending and a large reduction in foreign aid, as he offered a taste of his upcoming budget.

Trump fires up German debate on military spending

Berlin - US President Donald Trump's demand for NATO allies to boost defence spending is driving an election-year dispute between Chancellor Angela Merkel's conservatives and their centre-left challengers led by Martin Schulz.

Germany runs up record budget surplus of nearly 24 bn euros

Frankfurt Am Main - Germany notched up a surplus in its public finances of nearly 24 billion euros last year, its largest since reunification in 1990, official data showed Thursday.

Norway eyes curb on sovereign fund withdrawals

Oslo - Norway on Thursday proposed to curb the amount of money it can withdraw from its sovereign wealth fund, the largest in the world, amid lower expected returns. The minority rightwing government also recommended that the fund, worth 7.

Italy asks EU aid as cost of quakes hits 23 bn euros

Rome - A series of deadly earthquakes that struck central Italy over the past six months has cost the country more than 23 billion euros ($24.3 billion), the nation's Civil Protection Agency said Wednesday.

India looks to ease pain from cash crunch in budget

New Delhi - India's government is expected to ramp up spending in its latest budget this week, seeking to ease the pain from a ban on high-value banknotes that slammed the brakes on the world's fastest-growing major economy.

Poland's president signs disputed 2017 budget

Varsovia - Poland's president on Friday signed into law the country's disputed 2017 budget, which was at the centre of an unprecedented parliamentary sit-in staged by opposition MPs who allege it was adopted illegally.

Experts propose EU levy corporate tax under budget reform

Brussels - A group of experts called Thursday for "substantial reform" of the European Union budget that might see Brussels levy corporate and other taxes to cope better with crises.

Polish opposition halts month-long parliament sit-in

Varsovia - Poland's liberal opposition on Thursday called an end to its unprecedented month-long occupation of parliament after the governing conservatives scrapped controversial planned media restrictions.

'No deal' as Polish opposition sticks to parliament protest

Varsovia - Poland's parliament was paralysed Wednesday as liberal opposition MPs refused to end an unprecedented protest against what they say are anti-democratic actions by the government.

Talks fail to resolve Polish political crisis

Varsovia - Poland's political parties said Tuesday they failed to reach agreement in talks on ending an unprecedented sit-in protest in parliament over a budget vote.

Italy senate to vote on budget Wednesday

Rome - Italy's senate will vote on the 2017 budget on Wednesday, checking off the last task for outgoing Prime Minister Matteo Renzi before he officially resigns, the upper house of parliament said Tuesday.

Brazil anti-austerity protest turns violent

Rio De Janeiro - Rio de Janeiro riot police fired tear gas, rubber bullets and stun grenades Wednesday into an angry crowd protesting proposed austerity measures.

Spain's new government vows to stick to deficit target

Madrid - Spain's new government said Friday it was confident it will respect the public deficit targets it has agreed with the European Commission.Madrid has vowed to reduce its deficit from 5.1 percent of gross domestic product (GDP) in 2015 to 4.

Portugal's ruling party calls German minister a 'pyromaniac'

Lisbon - The head of Portugal's ruling Socialists called German Finance Minister Wolfgang Schaeuble a "pyromaniac" Thursday after he criticised Lisbon for reversing course on austerity.

EU questions budgets of seven eurozone countries

Brussels - The European Commission demanded "clarifications" from seven eurozone countries over their draft budgets, expressing particular concern that Italy, Cyprus and Finland are not meeting EU targets.

Italy PM threatens EU budget veto over migrants

Rome - Italian Prime Minister Matteo Renzi on Tuesday threatened to veto the EU's budget over a lack of solidarity from European neighbours as it struggles with a huge influx of migrants.

Italy's Renzi unveils please all budget

Rome - Italy's Matteo Renzi Saturday unveiled his 2017 budget, which he hopes will please the European Commission and win him support at home in a key referendum.The cabinet signed off on the budget, which will then be scrutinised by Brussels.

Bypassing congress, Maduro decrees Venezuela budget

Caracas - President Nicolas Maduro issued the government's 2017 budget by decree Friday, bypassing the opposition-held legislature in a move that could deepen Venezuela's economic crisis."Here is the 2017 budget and debt law. May it be fulfilled.

EU misspent 5.5 bn euros, needs to regain trust: watchdog

Brussels - The EU misspent 5.5 billion euros ($6 billion) in 2015, the bloc's financial watchdog said Thursday, warning that Brussels needed to regain the trust of European citizens shaken by Brexit and other crises.

Maduro bypasses Venezuelan legislature on budget

Caracas - Venezuelan President Nicolas Maduro can pass his 2017 budget without the approval of the opposition-majority legislature, the Supreme Court ruled Wednesday, triggering an outcry from the leftist leader's opponents.

US Congress passes spending bill, avoiding shutdown

Washington - The US Congress passed a spending bill late Wednesday and staved off a government shutdown, after reaching agreement on funding for a tainted water crisis in Flint, Michigan that had bedeviled earlier proposals.The fiscal year ends on September 30.
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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.
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
New Jersey s baboon is finally captured.
New Jersey's baboon is finally captured.
epic_1b_20170316023357_02Distance to Earth: 1 513 315 km 940 223 miles Distance between DSCOVR and E...
epic_1b_20170316023357_02Distance to Earth: 1,513,315 km 940,223 miles Distance between DSCOVR and Earth.
A Coronal mass ejection.
A Coronal mass ejection.
The Indiana House of Representatives.
The Indiana House of Representatives.
Associated Press
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.
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
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.
ARRIVAL: New Jersey Gov. Chris Christie (left) greets U.S. President Barack Obama and FEMA Administr...
ARRIVAL: New Jersey Gov. Chris Christie (left) greets U.S. President Barack Obama and FEMA Administrator Craig Fugate on the tarmac at Atlantic City International Airport after the two federal officials arrived to tour storm damage from Hurrican Sandy in 2012.
White House photo by Chuck Kennedy
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
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
Altogether Fool
The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.

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