LONDON (Reuters) – France’s response to “yellow vest” protests could be a turning point for euro zone bond markets if it kicks off an era of increased public borrowing in the bloc and loads additional debt on to a market already nervous over the removal of ECB... More »
WASHINGTON (Reuters) – Congress needs to consider rolling back the spending deal that U.S. Republicans brokered with Democrats last month, because lawmakers voted to enact the $1.3 trillion legislation without reading it, an aide to President Donald Trump said... More »
WASHINGTON (Reuters) – The massive tax cuts signed into law in December, which Republicans said would pay for themselves, will balloon the U.S. deficit in years ahead, the Congressional Budget Office said on Monday, possibly hobbling President Donald Trump’s f... More »
TOKYO (Reuters) – Japan’s government began laying the groundwork on Thursday for big spending next year to offset the impact of a planned nationwide sales tax hike. The government should manage fiscal policy to prevent growth from collapsing and should keep th... More »
WHITE SULPHUR SPRINGS, W.Va. (Reuters) – U.S. House of Representatives Speaker Paul Ryan said on Thursday that while there had been progress on a long-term government funding bill, another stopgap measure would be needed as the details are finalized. “Even if ... More »
U.S. President Donald Trump will meet with congressional leaders next week to discuss "end-of-year legislative issues," a White House spokeswoman said on Wednesday. More »
U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration's upcoming tax plan will not be aimed at lowering income taxes for the wealthiest Americans. More »
President Donald Trump signed a bill on Friday extending the government debt limit for three months and providing about $15 billion in hurricane-related aid, bringing his surprising deal with Democratic congressional leaders this week to completion. More »
President Donald Trump is unlikely to win congressional support for funds he wants for a proposed U.S.-Mexico border wall before an Oct. 1 deadline, meaning he may have to choose between backing down on a key campaign promise or shutting down the government. More »
Democrats in the U.S. Congress wield little clout nowadays, but they will likely have plenty of influence on the looming issue of the U.S. debt ceiling and party leaders are considering whether they should try to convert that advantage into bargaining power on... More »
A picture illustration of crumpled kuna, Dollar and euro banknotes, taken in Zagreb January 18, 2011. REUTERS/Nikola Solic Central bankers in charge of the vast bulk of the world’s economy delved deep into the weeds of money markets and interest rates over a t... More »
TOKYO Making preparations with other governments for a Group of Seven summit next month, Japan has sought to emphasize the role of fiscal spending in countering deepening uncertainty over the global outlook, the Sankei newspaper reported on Monday. Monetary po... More »
WASHINGTON Locked in budget talks in the twilight of his Senate career, Harry Reid saw an unexpected opening to bargain for his legislative wish list. It had become apparent to Senate Democratic Majority Leader Reid that lifting the longstanding ban on U.S. oi... More »
WASHINGTON The U.S. Senate on Friday ratified reforms to boost the representation of emerging economies at the International Monetary Fund as part of a budget bill that will clear the way for new industrial powerhouses like China and India to have more clout a... More »
WASHINGTON A deal to fund the U.S. government met resistance on Wednesday from conservative Republicans concerned about spending, as well as House of Representatives Democrats who complained about corporate tax breaks and a planned end to a ban on U.S. oil exp... More »
WASHINGTON President Barack Obama on Friday urged the U.S. Congress to take steps soon to fund the federal government in 2016 and raise its nearly exhausted borrowing authority, but acknowledged that Republican political turmoil in Congress will complicate tha... More »
WASHINGTON House Republicans voted to deny funds to women’s healthcare provider Planned Parenthood for a year on Friday but the action did little to quell party desires to use a spending bill as leverage in their fight to punish the group in an abortion contro... More »
BEIJING Government spending in China jumped by nearly a quarter in July to a three-month high as authorities accelerated spending on state projects and hiked wages of civil servants as planned, data showed on Wednesday. Beijing hopes faster government spending... More »
