Budget News

Edmonton - Finance Minister Jim Flaherty announced Tuesday the Federal government will not only wipe out a seven-year debt, but according to budget forecasts, Canadians will enjoy a surplus of $3.7 billion in two years.

After House Republicans passed a bill that continued to fund the government while defunding Obamacare, President Obama characterized the GOP as a body that is "trying to mess with me."

London - UK Chancellor George Osborne announced Wednesday that the nation's R&D budget will remain at its current level through the next election, but some scientific leaders disagree with the decision.

The National Institutes of Health (NIH), the U.S. science funding agency, has seen its budget cut for the remainder of 2013.

Actor Ben Affleck is getting ready to tackle his next project, which is raising money and awareness for global poverty, and that is why he will live on $1.50 per day.

Of the $85 billion in cuts announced by the U.S. government, almost $8 billion will be cut from science spending (a 5% reduction). This is the outcome of the sequester agreed to by Congress and the White House to pass the debt ceiling.

Edmonton - The Alberta government released its third quarter fiscal update on Tuesday. As predicted by opposition parties and the Canadian Tax Payers Federation, Finance Minister Doug Horner announced a $3.5 to $4 billion deficit, due to reclining oil revenues

How to balance the federal budget, secure our ports and borders, and boost the economy without raising taxes or cutting services.

Jerusalem - Revelations that Israeli Prime Minister Benjamin Netanyahu had an annual ice cream budget have some Israelis criticizing the leader.

The state of our education system has been on my mind lately, I have some opinions on how I think we can make immediate changes to improve it. It requires sacrifice and give on both sides of this debate but I am positive as a nation we can do anything.