Budget News
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Budget Image
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
New Jersey's baboon is finally captured.
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 Briefing Room of the White House, Sept. 30, 2013. White House photo
The dinner shown cost less than $5.45.
The Indiana House of Representatives. Associated Press
Cascade Complex, Idaho, 2007.
Photo taken: Sep 11, 2007 USFS
Home baked bread can be a healthy, tasty, inexpensive alternative to store-bought loaves.
Fiscal Year 2009 U.S. Federal Spending – Cash or Budget Basis wikipedia
CBO 2010 Federal Budget. Notice that Social Security, Medicare and Medicaid amount to 43 percent of total expenditures for FY 2010. Amapha
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