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Budget News

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.

Indian Railways presents 28 billion USD budget for 2014-15

New Delhi - India's Minister of Railways D.V. Sadananda Gowda presented the railway budget for the financial year 2014-15, at the Indian parliament on July 8.

Louisiana’s construction budget goes over by $400m

On Sunday, a Senate committee bloated the state construction budget with more projects. Going over budget by $400 million, House Bill 2 is now in the hands of Gov. Bobby Jindal who needs to decide on which projects stay and which go.

Australia PM regrets radio wink as backlash grows

Sydney - Australian Prime Minister Tony Abbott Thursday expressed regret at winking during a testy radio chat with a pensioner who works on a sex phone line, as he battled a fierce backlash.

How to find a surround sound system on a budget

If you’re looking for a quality surround sound system at the lower end of the cost spectrum, there are quite a few name brands you can choose from. Plenty of options offer impressive wattage and multiple features for under $350.

5 nifty personal finance apps

Roughly one in three Americans are keeping track of their finances via their smartphones. Here's a look at some applications to help you stay on budget.

France will stick to EU deficit reduction target

Paris - France will stick to the country's EU-set budget deficit reduction target, the new finance minister insisted on Tuesday, dismissing earlier indications that Paris was angling for a delay.

Portugal says will strip 1.4 bn euros from 2015 budget

Lisbon - Portugal on Tuesday laid out savings designed to strip 1.4 billion euros ($1.9 billion) from its budget in the latest step to trim its public deficit.

Global tobacco control hampered by low government spending

Washington - According to the U.S. CDC, less than $1 billion is spent globally on tobacco control, with 97 percent of the spending done by high-income countries. In contrast, governments worldwide collect nearly $133 billion in tobacco excise tax revenue each year.

Italy's Renzi hails 'revolution' with public spending cuts

Rome - Italy's Prime Minister Matteo Renzi hailed a "systematic revolution under way in Italy" Tuesday as he unveiled the government's plan to ease pressure on impoverished families through cuts to public spending.

Ukraine crisis threatens German balanced budget, finance minister says

Berlin - German Finance Minister Wolfgang Schaeuble warned on Tuesday that turmoil in Ukraine could threaten Berlin's bid to produce a balanced budget next year.

Tight budget less crucial with interest rates low: IMF

Washington - Austerity budgets and public spending cuts are less critical to economic health as interest rates in the major advanced economies remain historically low, the International Monetary Fund said Thursday.

Pace of French deficit reduction to be discussed with EU: minister

Paris - France's new Finance Minister Michel Sapin said on Thursday the "pace" of the country's deficit reduction would be discussed with the European Union.

France fails budget target, Hollande faces reform dilemma

Paris - France is way behind budget targets, new data shows, deepening a dilemma for President Francois Hollande over spending cuts which could split his allies, or doing a U-turn in dangerous defiance of the EU.

'French public deficit even worse than predicted'

Paris - France's public deficit for 2013 stood at 4.3 percent, higher than the 4.1 percent forecast by the government, the newspaper Les Echos said on its website on Sunday.

Spain barely misses 2013 deficit target

Madrid - Spain reported Friday it had barely missed its deficit-cutting target for 2013, hailing the result as a significant achievement in a year of job-wrecking recession.The annual public deficit fell to the equivalent of 6.

Japan passes record $937 billion budget

Tokyo - Japan on Thursday passed its biggest-ever budget, a $937 billion spending package aimed at propping up growth as consumers brace for the country's first sales tax rise for over 15 years."The most important policy of the Abe government has been and will...

Britain cuts borrowing forecasts

London - Britain anticipates wiping out its annual budget deficit by the end of the decade after cutting its state borrowing forecasts in Chancellor of the Exchequer George Osborne's annual budget statement on Wednesday.Osborne said that his Conservative-Libera...
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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.
Amapha
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
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.
Untitled
Altogether Fool
The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.
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.
Amapha
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
wikipedia
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
USFS