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U.S. Kicks Off the New Fiscal Year With a $92 Billion Deficit
On Wednesday, the U.S. Treasury released the first budget report of the new federal fiscal year — and so far, so good. With total outlays of $291 billion and total receipts of $199 billion, the United...
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Barclays: Rolling in the Deep With Spending Cuts
Source: http://www.flickr.com/photos/alwyn_ladell/ The cost cutting measures are not over for British bank Barclays PLC (NYSE:BCS). Ashok Vaswani, head of retail and business banking at Barclays,...
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Labor Market Suffers Through Ongoing Job Cuts in November
Source: http://www.flickr.com/photos/kentuckyunemployment/ Planned job cuts fell 0.9 percent on the month and 21 percent on the year to 45,314 in November, according to consultancy firm Challenger,...
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Budget Negotiators Will Go Home Before They Go Big
Source: http://www.flickr.com/photos/76657755@N04/ “Kicking the can down the road” is about as tired an expression as there is to describe the fiscal strategy in Washington right now, but it’s...
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4 Ways Sequestration Gets Worse in 2014
Source: http://www.flickr.com/photos/76657755@N04/ Somewhere along the way, there was a miscalculation. The far-reaching budget cuts known as sequestration were supposed to be so bad that it would...
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Here’s Why Paul Ryan Isn’t Worried About Spending Cuts
Source: http://www.flickr.com/photos/gageskidmore/ Chair of the Budget committee within the House of Representatives, Paul Ryan (R-Wis.) has been dealing with some negative feedback over the budget...
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Budget Deal Bumbling Forward: Senate Prepares for Vote
Source: http://www.flickr.com/photos/zieak/ On December 17, with a count of 67 to 33, the U.S. Senate voted to end debate on the federal budget compromise proposed by the budget conference committee...
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Obama Locks Down the Budget Deal: Cue the Debt Ceiling Debate
Source: http://www.flickr.com/photos/zieak/ “It’s probably too early to declare an outbreak of bipartisanship,” said President Barack Obama at a December 20 news conference, “but it’s also fair to say...
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Summers, Osborne, and Zakaria on Austerity: Fact Check in One Chart
Fareed Zakaria on Sunday presented an interview with British Chancellor of the Exchequer George Osborne on his CNN talk show GPS. (CNN did not post the video, but you can read the transcript here.) In...
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4 Individual Tax Breaks That Expired With the New Year
Image Source: http://www.flickr.com/photos/68751915@N05 It wouldn’t have been a proper New Year’s Eve in the United States without Congress doing something ridiculous. As the nation tripped into 2013,...
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