Obama Proposes “Grand Bargain” on Tax Reform, Infrastructure
The president offers to reduce corporate taxes if opposition Republicans agree to raise infrastructure spending.
Fiscal Issues
Britain to “Stick” to Spending Plan, Labour Equivocal
Britain’s chancellor says he can “turn this country round” if it sticks to his economic plan.
Putin Promises Infrastructure Spending, Investors Skeptical
Russian economic policy seems increasingly statist under Vladimir Putin’s third term.
America’s Deficit Falls, Long-Term Fiscal Challenges Remain
A shrinking deficit seems to have affected lawmakers’ sense of urgency. But a problem remains.
Italy’s Economy Minister Promises Housing, Labor Tax Cuts
Fabrizio Saccomanni cautions that the government might not have time to carry out its reform plans.
End to European Austerity? Probably Not
Austerity may have reaches its “limits”, but that doesn’t mean Europe will reverse course.
Obama Calls for Tax Increases, Health Savings in Budget
The president’s plan would raise the national debt to $19 trillion in ten years.
Labour Urges Stimulus, Tax Relief to Promote Growth
Britain’s shadow chancellor Ed Balls says growth is the way to reduce the deficit.
Portugal Gets Extra Year to Meet Budget Targets
As Portugal’s economy fails to recover, the government struggles to reduce its deficit.
Obama Admits: Not Interested in Deficit Reduction
The president’s excuses for not reducing the deficit turned out to be just that: excuses.
British Conservatives, Liberals at Odds over Budget Plan
Conservatives champion deeper spending and tax cuts. Liberal Democrats are skeptical.
Ryan Seeks Balanced Budget Through Health Savings
The Republican’s budget plan repeals and reins in health-care entitlements.
Dutch Deficit Rises, Coalition Seeks Opposition Support
The government needs opposition support to get its budget through the Senate.
Clegg “Not Going to Change Course” on Budget Policy
The deputy prime minister says Britain cannot return to the “bad old days” of borrowing.
Obama Ignores Debt in Second Inaugural Address
The need for fiscal consolidation was virtually absent from the president’s speech.