US Federal Reserve Chairman Ben Bernanke on Monday urged Congress to raise the nation's borrowing limit as Democrats and Republicans battle over the federal budget.
With nearly 100 new members, the US Congress convened Thursday fresh from the year-end "fiscal cliff" fiasco, as lawmakers cast a wary eye towards the tough budget battles ahead.
China, Brazil, India and other emerging powers agreed to major increases in their United Nations payments as the global body hammered out a new budget deal this week to avoid its own fiscal cliff.
NASA suffers from a "mismatch" between its goals and the budget it has been given to achieve them, according to a panel that said the US space agency may need a complete overhaul.
Prime Minister David Cameron secured a decent result for Britain at the European Union budget summit, Britain's newspapers said Saturday, while warning that his good fortune may not last.
A South Korean parliamentary committee has agreed to nearly triple a special budget for promoting Seoul's sovereignty over an isolated set of islands also claimed by Japan.
The Greek parliament on Sunday approved a slashed 2013 budget which the government has vowed will secure the release of foreign aid vital to save the debt-ridden country from insolvency.
The first round in two weeks of tough talks on the European Union budget collapsed Friday after austerity-minded states refused to plug a 2012 budget shortfall in funds destined for Europe's needy.
Poland on Friday urged net beneficiary EU members not to block talks on the contentious 2014-2020 budget proposed by Brussels which the 27-member bloc is expected to focus on at an upcoming summit.
German Chancellor Angela Merkel and British Prime Minister David Cameron held talks over the EU's hotly contested budget in London on Wednesday with both agreeing that the bloc needed to heed public opinion.
EU President Herman Van Rompuy argued Friday that the 17-state eurozone could have a central 'Treasury' with a shared budget and raise funds on commercial bond markets.
Spain's government unveiled Thursday a 2013 budget that tightens austerity even in the teeth of growing protests, easing the path to a widely expected sovereign bailout.
France will present its 2013 budget Friday with President Francois Hollande's credibility on the line as he seeks to rein in public finances and reassure financial markets without stirring public anger.
France's Socialist President Francois Hollande pledged 30 billion euros in new taxes and savings to balance the budget and fund a turnaround in two years, and rejected criticism of dragging his feet.