Obama addresses troops on shutdown impactUS President Barack Obama told US troops in a video message early Tuesday that they would still get paid on time, despite a government shutdown.
01 October 2013
Deadline missed, US slides into government shutdownThe US lurched into a dreaded government shutdown for the first time in 17 years, triggering agency closures and hundreds of thousands of furloughs as Congress missed a deadline to pass a budget.
01 October 2013
Spain to stick to austerity path in 2014 budgetSpain will stick to its path of austerity in 2014 with the government due to approve its draft budget for the year on Friday, subjecting pensioners and public workers to more cutbacks despite a slowly improving economy.
'Furlough Friday' hits US federal employees The first day of US government furloughs imposed by a budget crunch saw more than 100,000 federal workers ordered to stay home Friday.
25 May 2013
Spain begs time to fix finances, eyes growth Spain forecast Friday it would climb out of its bitter recession in 2014 but needed two extra years to meet the European Union's target for reining in its public deficit.
27 April 2013
S. Korea proposes $17.3 bn extra budget for 2013 South Korea proposed Tuesday a 17.3 trillion won ($15.4 billion) supplementary budget to help boost the economy, including further spending on defence at a time of heightened tensions with the North.
16 April 2013
US budget cuts could delay Bin Laden kin's trial The highly anticipated New York trial of Osama bin Laden's son-in-law could be delayed because his court-appointed lawyers have been hit by US budget cuts.
09 April 2013
Blow for Hollande as ex-minister charged in tax fraud probe France's ex-budget minister Jerome Cahuzac was charged Tuesday in a tax fraud probe after he admitted having a foreign bank account, dealing a fresh blow to President Francois Hollande's embattled government.
Obama says US won't balance budget in next 10 yearsPresident Barack Obama warned Tuesday America will not balance its budget within a decade because Republican plans to do so would entail slashing social programs many citizens rely on for support.
US House speaker urges senators to get 'off their ass' House Speaker John Boehner laid bare the Republican leadership's exasperation Tuesday over looming US budget cuts, as he demanded senators get "off their ass" to forge a compromise and avert a crisis.
27 February 2013
Looming US cuts raise fears for world's poor With the United States days away from billions of dollars in automatic spending cuts, anti-poverty campaigners fear that reductions in foreign aid could potentially lead to thousands of deaths.
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