budget-deficit

The co-chairmen of the bipartisan deficit commission that Obama appointed last year recommended a mix of revenue and spending cuts as the only meaningful way to address the long-term budget-deficit problem.

BusinessWeek.com -- Top News 2011

President Barack Obama called a budget-deficit summit Thursday at the White House, suggesting he and congressional leaders are moving closer to a deal that would clear the way for a vote to raise the government's borrowing limit and avoid default.

Obama Calls for Debt-Limit Summit Carol E. Lee 2011

President Barack Obama called a budget-deficit summit Thursday at the White House, suggesting he and congressional leaders are moving closer to a deal that would clear the way for a vote to raise the government's borrowing limit and avoid default.

Obama to Host Deficit Talks Carol E. Lee 2011

Lower-than-expected growth could result in lower tax collection and make it harder to achieve the government's 5.7% budget-deficit target in 2011 and a goal to bring the deficit below 3% of gross domestic product in 2013.

France, Germany Plan Euro Proposals Nathalie Boschat 2011

Lower-than-expected growth could result in lower tax collection and make it harder to achieve the government's 5.7% budget-deficit target in 2011 and a goal to bring the deficit below 3% of gross domestic product in 2013.

French Bank Shares End Higher Ruth Bender 2011

Portuguese bond prices and the euro slumped this week after Moody's downgraded Portugal's sovereign-debt rating to junk status, citing doubts the country will meet budget-deficit targets and increased risk that investors will have to contribute to any fresh bailout, something being discussed for Greece.

Portugal's Debt Agency Slams Moody's Patricia Kowsmann 2011

Economic Indicators: U.S. trade-deficit numbers for May are due Tuesday; budget-deficit numbers for June come out Wednesday and inflation figures for the month are expected out Friday.

Budget Negotiations Resume 2011

A Portuguese parliamentary agency raised questions on how the country is meeting its budget-deficit targets under a $110.1 billion bailout deal after it said some first-quarter state spending cuts actually came from unpaid bills.

What's News 2011

MUMBAI—India's economic growth may slow further because of the recent global troubles, and the government may miss its budget-deficit target, the central bank said Thursday, adding that taming inflation remains its top priority.

India Economic Growth Could Slow Further Nupur Acharya 2011

MADRID—The Spanish government and the opposition Popular Party early Friday agreed on constitutional reform and a budget-deficit cap, following a full day of negotiations.

Spain Government, Opposition Agree on Deficit Cap Enza Tedesco 2011