Government Spending News
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Published 2 hours, 31 minutes ago
If U.S corporate leaders want to play a useful role in public policy debates, they should offer ideas, not recycled talking points.
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India’s finance minister signaled more policy changes to revive economic growth and said steps are being taken to stabilize the nation’s currency as it resumed a slide near a record low.
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Polish inflation slowed to a new seven-year low in May, leaving an opening for the central bank to cut interest rates for the eighth time in less than a year.
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The European Central Bank’s Outright Monetary Transactions program is “perfectly legal,” and the German Constitutional Court should recognize that it is crucial for both Germany and Europe as a whole, former ECB President Jean-Claude Trichet said.
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The U.S. budget deficit widened in May from a year earlier on a 10 percent increase in spending, the Treasury Department said.
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The Internal Revenue Service’s scrutiny of small-government groups didn’t begin in the Cincinnati office that examines applications for tax-exempt status, said Representative Dave Camp, chairman of the House Ways and Means Committee.
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Kenya’s new tier of government is adding to spending pressures, requiring wage restraint to keep the fiscal deficit under control, the International Monetary Fund said.
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Job openings in the U.S. fell in April, showing companies were waiting to assess the effects of higher taxes and reduced government spending before committing to bigger staff increases.
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The U.S. Senate passed a $955 billion rewrite of agriculture law by an even larger margin than last year, sending it to the House of Representatives, where disagreements over food stamps and farm subsidies may complicate passage.
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London police arrested six people today after protests in the West End shopping district before a Group of Eight summit hosted by U.K. Prime Minister David Cameron in Northern Ireland next week.
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