U.S. President Barack Obama is proposing higher taxes on the wealthy, cuts in some social programs and less military spending, in a renewed effort to reduce the federal budget deficit and debt. Monday’s proposal calls for $1.5 trillion in new tax revenue, including a proposal to ensure individuals earning more than $1 million a year […]
President Obama to Spell Out Deficit Reduction Plan
Posted September 19th, 2011 at 9:22 am (UTC-5)
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President Obama to Spell Out Deficit Reduction Plan
Posted September 19th, 2011 at 12:07 am (UTC-5)
U.S. President Barack Obama will announce his recommendations Monday to reduce the federal budget deficit. The proposal calls for $1.5 trillion in new tax revenue, including a new minimum tax rate for individuals earning more than $1 million a year. Media reports are calling the plan the “Buffett Rule,” named after billionaire investor Warren Buffett, […]
Germany Cuts Its Deficit Forecast
Posted August 22nd, 2011 at 7:00 am (UTC-5)
Germany’s Finance Ministry revised its deficit forecast Monday from 2.5 percent to 1.5 percent of gross domestic product this year. The drop would meet the Maastricht 3-percent deficit limit requirement two years ahead of schedule. German tax revenue grew nearly 10 percent in July from a year ago. The Finance Ministry says the forecast means […]
Germany Cuts Its Deficit Forecast
Posted August 22nd, 2011 at 4:50 am (UTC-5)
Germany’s Finance Ministry revised its deficit forecast Monday from 2.5 percent to 1.5 percent of gross domestic product this year. The drop would meet the Maastricht 3-percent deficit limit requirement two years ahead of schedule. German tax revenue grew nearly 10 percent in July to 9.9 percent from a year ago. The Finance Ministry says […]
