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Budget News

Brexit vote would trigger cuts, tax hikes: Osborne

London - A vote to leave the European Union in a referendum next week would trigger tax hikes and spending cuts, Britain's finance minister warned Wednesday, after stock markets sank on the apparently rising prospect of Brexit.

Catalonia's pro-independence coalition breaks down

Barcelona - The pro-independence coalition ruling Spain's Catalonia broke down Wednesday after its most radical component refused to back the government budget, forcing the regional president to call a parliamentary vote of no confidence.

U.S. Senate votes to advance $1.1 billion in Zika funds

Washington - The US Senate voted to advance $1.1 billion in emergency funds to fight the Zika virus, setting the stage for a battle with House Republicans who want $622 million for the mosquito-borne disease.

EU cuts Italy 'unprecedented' slack on budget rules

Rome - Italian Prime Minister Matteo Renzi on Tuesday claimed victory in his budget battle with Brussels after the EU granted Rome "unprecedented" leeway on the application of deficit rules for 2016.

Italy set to double baby bonus to fight birth rate 'apocalypse'

Rome - Italy's health minister is proposing doubling a 'baby bonus' incentive for couples to have more children to combat what she calls a catastrophic decline in the country's birth rate.

Tobacco tax hike to add billions to Australia's coffers

Canberra - Smokers in Australia could pay approximately Aus$40 (US$30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday.The cost of cigarettes will rise 12.

Tobacco tax hike to add billions to Australia's coffers

Canberra - Smokers in Australia could pay approximately Aus$40 (US$30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday.The cost of cigarettes will rise 12.

Tobacco tax hike to add billions to Australia's coffers

Canberra - Smokers in Australia could pay approximately Aus$40 (US$30) for a pack of cigarettes from 2020, under revenue-boosting budget measures announced Tuesday.The cost of cigarettes will rise 12.

New Jersey's budget may take hit because one guy moved

New Jersey has to rethink its budget because one guy moved to Florida. The guy who moved is David Tepper, a billionaire.

Panama Papers: secret accounts of the rich and powerful

Paris - World leaders, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

Panama Papers: secret accounts of the rich and powerful

Paris - World leaders, stars of the pitch and screen and dozens of billionaires were among those named and shamed in what looks to be the biggest ever leak of inside information in history.

India to rename railway 'coolies' in modernisation drive

New Delhi - India on Thursday said it will roll out wifi to hundreds of stations, install 17,000 hi-tech toilets on trains and professionalise its unskilled porters, or "coolies" under a drive to modernise its creaking railways.

Crucial Rio metro extension 'will be done in time for Olympics'

Rio De Janeiro - Rio state officials have insisted that the city's metro system -- crucial to moving huge crowds during the Olympics this August -- willbe done on time, after its mayor voiced doubts."We are working carefully and on schedule.

Portugal government adopts 2016 draft budget without EU's approval

Lisbon - The Portuguese cabinet on Thursday adopted its 2016 draft budget without waiting for EU Commission approval, a government spokesman said.

Germany urges strict budget policy to cope with refugees

Frankfurt - Germany's top priority at the moment is taking in and integrating the huge influx of refugees, but that will require a very strict handling of the country's public finances, finance minister Wolfgang Schaeuble said in a newspaper interview Thursday.

Pentagon chief unveils extra funds to bomb IS, counter Russia

Washington - US forces have fired so many smart bombs at Islamic State targets that stocks of the sophisticated weapons are dwindling, Defense Secretary Ashton Carter said Tuesday as he previewed the Pentagon's enormous budget.

Russia announces new budget cuts amid oil slide

Moscow - Russia will cut its spending by 10 percent this year, the finance minister said Wednesday, as prices for Moscow's key export commodity slumped to new lows."We have agreed that ministries and (government) agencies...

Stung by low oil prices, Saudi makes unprecedented cuts

Riyadh - Long accustomed to cheap utilities and some of the lowest petrol prices in the world, Saudis woke to a shock Tuesday as authorities made massive subsidy cuts after falling oil prices caused a record deficit.

German states budget 17 bn euros for refugees in 2016: Report

Berlin - Germany's federal states plan to spend about 17 billion euros in 2016 for the country's record refugee influx, said a newspaper survey Tuesday of their finance ministries.

Ukraine approves IMF-backed austerity budget

Kiev - The Ukrainian parliament on Friday adopted a budget for 2016 with a deficit of 3 percent of GDP, crucial for unlocking much needed aid from the IMF and Western countries.

Rio governor declares health sector emergency ahead of Olympics

Rio De Janeiro - The governor of the Brazilian state of Rio de Janeiro has declared a health sector emergency after public hospitals began limiting services due to funding shortfalls amid wider state budget woes.

Japan PM Abe's cabinet approves largest defence budget

Toukyo - Prime Minister Shinzo Abe's cabinet on Thursday approved Japan's biggest ever annual defence budget, as the country bolsters its military amid territorial rows and concerns over China's expanding naval reach.The cabinet approved 5.05 trillion yen ($41....

Saudi to diversify economy away from oil: King Salman

Riyadh - Saudi King Salman on Wednesday said he has ordered economic reforms to diversify sources of income and reduce high dependence on oil following a sharp drop in crude prices.

Emerging powers rise in IMF as U.S. unblocks reforms

Washington - China, India and Russia will soon speak with a louder voice at the International Monetary Fund.

Austerity cuts challenge European police facing terror threat

London - Europe is facing the spectre of attacks by Islamic State (IS) jihadists with police numbers in some countries hit by austerity cuts, raising questions about whether this is making it easier for assailants to slip through the net.

French new anti-terror spending 'a few hundred million euros'

Paris - Fresh French spending on security in response to the Paris attacks will amount to "a few hundreds of millions of euros (dollars)", a lawmaker said in remarks published Wednesday.

French protest in growing movement against tampon tax

Paris - About 100 people gathered in Paris on Wednesday to protest a French tax on tampons and sanitary pads, as anger grows among women worldwide over high taxation of the essential items.

Op-Ed: Republicans' best trick yet — Making Paul Ryan seem reasonable

Washington - Just when you thought the U.S. Congress couldn't get more out-of-touch with the American people they're supposed to be representing comes this: the House of Representatives has picked Rep. Paul Ryan to be speaker.

U.S. Senate passes budget deal to avert default

Washington - The US Senate passed a bipartisan, two-year budget deal early Friday that boosts federal spending by $80 billion, reduces a government shutdown threat and raises the debt ceiling through the end of Barack Obama's presidency.

The OnePlus X is a budget but 'powerfully beautiful' smartphone

Chinese smartphone brand OnePlus has officially taken the wraps off a new budget handset targeted at people who want a premium phone but can't afford a flagship device. The OnePlus X costs only $249 but still boasts a very respectable spec sheet.
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Budget Image

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
The Indiana House of Representatives.
The Indiana House of Representatives.
Associated Press
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
Couple on couch  working through their budget.
Couple on couch, working through their budget.
Big Stock Photo
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis
wikipedia
Untitled
Altogether Fool
New Jersey s baboon is finally captured.
New Jersey's baboon is finally captured.
The dinner shown cost less than $5.45.
The dinner shown cost less than $5.45.
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
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
Cascade Complex  Idaho  2007.
Photo taken: Sep 11  2007
Cascade Complex, Idaho, 2007. Photo taken: Sep 11, 2007
USFS
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.