Spending Cuts

  • More cuts needed to balance British budget, say experts June 29, 2013

    London: A leading think tank here has observed despite spending cuts of 11.5 billion pounds (over $17 billion) as announced by British Chancellor George Osborne for 2015-16, it may not not be enough to balance government budgets in the medium term. According to Carl Emmerson, director of the Institute for...
  • US: Americans will be hard hit from forced spending cuts March 3, 2013

    It is the first day of forced spending cuts after US President Barack Obama signed the order on Saturday. The result of a failed alternative by Congress and the White House and the blame game by all parties means the average American will be hard hit. ...
  • Romney targets Obama, says words need to be backed by deeds October 9, 2012

    Republican candidate Mitt Romney on Monday sought to bolster his foreign policy credentials in a major speech just two weeks before the second presidential debate. Romney criticised President Barack Obama's handling of threats in the Middle East and spoke about how he intended to remedy the situation and the current foreign...
  • Spain, Greece announce harsh budget cuts September 28, 2012

    Madrid: Spain and Greece outlined plans on Thursday to cut spending and raise taxes to convince international lenders and financial markets they are on the right track to cut their deficits. The measures outlined on Thursday highlight how Europe's struggling countries are battling public anger and flat-lining economies to push for...
  • Romney hits Obama on looming 'fiscal cliff' September 16, 2012

    Belmont: Republican presidential candidate Mitt Romney accused President Barack Obama on Saturday of standing by while a looming budgetary calamity unfolds in Washington as he sought to regain his footing after a tough week on the campaign trail. Romney leaped into the debate over the "fiscal cliff," the potential for an...
  • Govt likely to announce spending cuts today September 15, 2012

    New Delhi: The government could announce spending cuts for the 2013 fiscal year on Saturday, although the size of the cuts was not immediately clear, two government sources said. Prime Minister Manmohan Singh will chair a meeting of top government economists to discuss India's five-year economic strategy and look at trimming...