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US trade deficit surges in July on record imports

Washington - The US trade deficit surged in July on record imports that created burgeoning gaps with trading partners in the crosshairs of President Donald Trump's aggressive policies, according to government data released Wednesday.

US trade deficit expands in June amid growing tensions

Washington - The US trade deficit swelled in June by the largest amount in 19 months, reversing much of May's trade-war driven export bonanza, even as brinkmanship between Beijing and Washington worsened.

Tax cuts and spending bill leave U.S. in sea of red ink

The Congressional Budget Office (CBO) on Monday issued a gloomy forecast for the nation's budget deficit in its first report since President Donald Trump signed last year’s tax cut and this year’s big spending bill.

France beats EU deficit targets in boost for Macron

Paris - France reported a smaller-than-expected budget deficit for 2017 on Monday, respecting EU rules on overspending for the first time in a decade in further positive economic news for President Emmanuel Macron.

US trade deficit hits nine-year high on falling exports

Washington - The US trade deficit swelled in January to its largest level in nearly a decade as oil prices rose and the world's biggest economy sold fewer aircraft, government data showed Wednesday.

US trade deficit hits nine-year high on falling exports

Washington - The US trade deficit swelled in January to its largest level in nearly a decade as the world's biggest economy exported less fuel and sold fewer aircraft, government data showed Wednesday.

France's Macron 'must show example' on deficit: EU commissioner

Paris - France may no longer be the eurozone's deficit dunce but President Emmanuel Macron must do more to improve the country's finances "if he wants to be the leader in Europe", the EU's economy commissioner said Sunday.

France brushes off EU worries over Macron's budget

Paris - France insisted Thursday that it was on course to wrestle its deficit back within European Union limits, after Brussels expressed concern that Paris might not meet the bloc's tough spending rules.

France will meet EU target of 3.0 percent deficit in 2017: PM

Paris - France will meet the EU deficit limit of 3.0 percent of GDP in 2017, the prime minister insisted Thursday, after the public accounts watchdog said it would miss the mark unless it took urgent action."We commit to rein in the deficit to 3.

Spain narrowly beats revised EU deficit target

Madrid - Spain cut its public deficit in 2016 to 4.54 percent of its economic output, the government said Thursday, narrowly beating the revised target it agreed with the EU.

White House's Navarro: trade deficit threat to national security

Washington - The Trump administration's top trade advisor said Monday US trade deficits are a threat to national security that could cause the loss of American freedom and prosperity.

Brazil deficit much worse than thought: Minister

Bras - Brazil's projected budget deficit for this year will be nearly twice as big as forecast when Dilma Rousseff was president, the new finance minister said Friday.

Op-Ed: Greed, taxation, and incompetence

Calgary - While low oil prices wreak havoc on Alberta's economy, costing jobs, the men and women at City Hall are laughing all the way to the bank with new pay raises at a time when many Calgarians wonder if they will soon hit the unemployment line.

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.

Italy deficit falls to 2.8% in 2013

Rome - Italy's public deficit inched down to 2.8 percent of gross domestic product in 2013 -- 0.1 of a point lower than in 2012 and staying below the EU threshold of 3.0 percent, official data showed on Monday.

India's exports fall in February but trade gap shrinks

Mumbai - India's merchandise exports fell for the first time in eight months in February, data showed on Tuesday, dampening hopes of an export-led recovery for the flagging economy ahead of national elections.Exports contracted 3.67 percent last month from a ye...

U.S. trade deficit steady in January as exports bounce back

The U.S. trade deficit was little changed in January as a rebound in exports matched an increase in imports.

White House foresees steady growth, falling deficit

Washington - The White House projected a steady fall in the US deficit over the next five years decade while the economy grows moderately, as it released its budget for the 2015 fiscal year on Tuesday.The budget foresees the economy growing 3.1 percent this year an...

Japan posts record $27 bn January trade deficit

Tokyo - Japan posted a monthly record trade deficit of $27.3 billion in January, data showed Thursday, as a weak yen pushed up post-Fukushima energy costs, despite upbeat exports to the US, China and Europe.The country's trade deficit ballooned to 2.79 trillio...

Obama meets congressional leaders — No sequester deal

Washington - President Obama met with congressional leaders and when they emerged from the meeting, the president announced that no deal had been reached. President Obama blamed Republicans for failing to agree to additional revenue.

Op-Ed: Woodward vs Obama on sequester - Who would you believe?

Washington - Known for his ability to shift blame and appealing to the public, President Obama has run into an obstacle. Well-respected journalist and author Bob Woodward put the blame for the sequester in the lap of the President. Who is more believable?

Op-Ed: Reality Check-Obama's State of the Union Address more campaigning

Washington - President Obama will give his State of the Union address on Tuesday evening. As highlighted in his inauguration speech on January 21st he has set an aggressive liberal agenda, including tax hikes, gun control, nuclear proliferation and the environment.

Op-Ed: Obama's second term agenda — 2013 inauguration speech

Washington - A liberated President Obama, without the concerns of re-election delivered a strong speech, setting out his second term agenda. His personal agenda includes immigration reform, gun control, action on climate change, and gay rights.

Op-Ed: Obama's Second Term Agenda: 2013 Inaugeration Speech

Washington - A liberated President Obama, without the concerns of re-election delivered a strong speech, setting out his second term agenda. His personal agenda includes immigration reform, gun control, action on climate change, and gay rights.

California's budget deficit is gone, Gov. Jerry Brown declares

Sacramento - The Liberal Democrat Governor has introduced a plan that would give California a long-awaited surplus of $1 billion; the Governor also wants to renew funding of education and social programs.

Ontario Finance Minister warns of cuts to rein in spending

Toronto - Ontario Finance Minister Dwight Duncan announced that Ontario can expect cuts in advance of the fall economic statement the McGuinty government will make later this month.

Op-Ed: How to Create One Million American Jobs

If Congress exempted prison industries from labor and employment restrictions, a million jobs would be created -- and not just inside American prisons.

Global markets crash as congressional job disapproval hits high

With the Dow Jones Industrial Average posting its biggest one-day decline since December 2008 on Thursday in lock-step with global market sell-offs, a new poll demonstrated the vast disapproval Americans have for their legislators.

Ron Paul: Real debate on debt ceiling is about increased spending

In his weekly telephone address, Republican Presidential Candidate Ron Paul contends that the debt ceiling debate is about how much to increase federal spending and not about how much federal spending to cut.

Ron Paul issues four keys to economic growth ahead of debate

Ahead of the debate among Republican presidential candidates on Monday night in New Hampshire, Texas Congressman and GOP presidential contender Ron Paul issued a four-point guidance on the keys to economic growth.
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