US Congress unveils $1 trillion spending billNegotiators from the US Senate and House of Representatives unveiled a $1 trillion spending bill late Monday, eliminating the threat of another government shutdown, at least until October.
14 January 2014
Obama signs defense, budget bills into lawPresident Barack Obama signed into law Thursday the compromise US budget bill recently negotiated by feuding lawmakers and a massive defense measure that takes a step toward ultimate closure of Guantanamo.
27 December 2013
Japan OKs record budget, sees deflation threat recedeJapan approved its biggest ever budget Tuesday, as an improving economy and a sales tax hike made room for more defence spending and the first step towards achieving a balanced budget.
Living wage to be raised in Kazakhstan in 2017After the controversy around the minimum living wage is Kazakhstan, Kazakhstan Minister of Labor and Social Protection of Population Tamara Duisenova promised to raise the living wage in 2017.
18 December 2013
N.American moviegoers devour 'Hunger Games' sequel"The Hunger Games: Catching Fire" took in $161.1 million at the North American box office this weekend in one of the biggest movie debuts ever, industry estimates showed Sunday.
US shutdown cost $2.0 billion in lost govt outputThe 16-day US government shutdown cost 6.6 million in lost workdays for furloughed federal workers, amounting to $2.0 billion in lost productivity, the White House said Thursday in a report.
Oil-rich Kuwait warns welfare state unsustainableOil-rich Kuwait said Monday that the generous cradle-to-grave welfare system provided to its 1.2 million citizens was "unsustainable" and it was time for change.
29 October 2013
US lawmakers split despite October 17 debt deadlineThe United States is still facing a potentially devastating sovereign debt default, after senators failed to agree on terms to reopen the federal government and raise the country's borrowing limit.
US military braces for full effect of shutdownThe US government shutdown had no drastic effect on the military Tuesday but if it remains in place everything from ship repairs to combat training will be disrupted.
02 October 2013
US economy faces hefty hit if government shuts downA US government shutdown would hit an economy struggling to sustain its post-crisis rebound, but experts say the impact will only be substantial if Washington's political paralysis lasts several weeks.