Spain is getting ready to start the new year with a new round of austerity measures, hoping to contain a growing deficit. The country's new government announced $11.5 billion in fresh spending cuts Friday, saying the budget was in worse shape than th...
Hopes were dashed this week for bold congressional action to slow the growth of Americas $15 trillion national debt. A special bipartisan committee failed to agree on ways to trim the deficit by $1.2 trillion. But if Congress has shown itself incapab...
With a deadline looming to cut Americas massive federal deficit, lawmakers of both parties appear to be softening rigid ideological stances in hopes of striking a bipartisan accord that would put the United States on a sounder fiscal path. Economists...
As President Barack Obama prepares to unveil proposals to spur U.S. economic growth and job creation, a bipartisan committee of lawmakers tasked with slashing the federal deficit prepares to convene for the first time. The Joint Select Committee on D...
President Barack Obama will meet Sunday with top lawmakers, in hopes of making progress toward an agreement to prevent a government default. Both the White House and top Republicans are playing down the prospects for a deal in Sundays talks. The ongo...
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NEW YORK, April 26 (Xinhua) -- U.S. Treasury Secretary Timothy F. Geithner said Tuesday that the current U.S. fiscal deficit（国库赤字） problems were manageable and bipartisan efforts were required to address the challenge. (The fiscal deficit...
