Spending Cuts

  • More cuts needed to balance British budget, say experts 29-06-2013 04:42 AM

    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 03-03-2013 09:35 AM

    US President Barack Obama signed the spending cuts order on Saturday. ...
  • Romney targets Obama, says words need to be backed by deeds 09-10-2012 09:57 AM

    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...
  • Spain, Greece announce harsh budget cuts 28-09-2012 03:07 PM

    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...
  • Romney hits Obama on looming 'fiscal cliff' 16-09-2012 08:59 AM

    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...
  • Govt likely to announce spending cuts today 15-09-2012 07:30 AM

    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...