Budget Archive

France Unveils New Budget Savings as Growth Slows

May as well call it the Sarcophagus plan. It’s all they know how to do. And again, like the carpenter said of his piece of wood, no matter how many times I cut it it’s still too short. France Unveils New Budget Savings as Growth Slows By Alexandria Sagr November 7 (Reuters) ...Read More

CBO Congressional Report- U.S. Could Face European-Style Debt Crisis

How about the accounts sticking to accounting. Just in case you thought there was any hope: But most ominously, the CBO report warns of a “sudden fiscal crisis” in which investors would lose faith in the U.S. government’s ability to manage its fiscal affairs. In such a fiscal panic, investors might abandon ...Read More

German budget squeeze, the noose tightens

[Skip to the end] More likely to be higher than expected as the economy deteriorates and credit markets remain problematic. German Budget Squeezed as Crisis Hurts Revenue, Forces Outlays By Brian Parkin German Chancellor Angela Merkel’s government faces revenue shortfalls this year and will have to expand net borrowing in 2009 as ...Read More

Government spending may be accelerating

US Jan budget surplus narrows as spending hits record by David Lawder WASHINGTON, Feb 12 (Reuters) – The U.S. government posted a $17.84 billion budget surplus for January, less than half the year-earlier surplus, as spending hit a record for the month while receipts fell from a year ago, the U.S. Treasury ...Read More