Republicans will suffer in this year’s elections if the U.S. House doesn’t pass a comprehensive immigration plan because voters may doubt they’ll ever do it, said Democratic Representative Joe Crowley of New York.
Slovakia’s budget deficit may have exceeded the European Union limit last year once recalculated under new methodology, prompting the government to defer cuts in value-added tax to meet its fiscal goal, Finance Minister Peter Kazimir said.
The smallest wave of municipal borrowing in three years is proving a boon for Illinois. The lowest-rated U.S. state is selling debt for the third time since February after winning the lowest bond costs since 2009.
Japan could cut its corporate tax rate as early as next fiscal year by 2 to 3 percentage points, gradually lowering the levy toward 25 percent in later years to boost the nation’s competitiveness, a tax panel member said.