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There are many elementary things that recieve no attention at all, although they can be extremely important. every Russian citizen pays two taxes. One of them goes to the Russian budget, and the other one - in the same amount - goes to the American budget. Nowadays, Russia pays nearly $200-300 billion to the US
The rise in California’s projected budget deficit, from $9.2 billion in January, is forcing state officials to propose a new series of midyear cuts in already battered programs.
THE HAGUE (Reuters) - The Netherlands appears to be heading for early elections after budget talks in the core euro zone member collapsed on Saturday, jeopardizing its chances of meeting European deficit targets and of approving a broader fiscal responsibility pact. Prime Minister Mark Rutte, who has led a minority Liberal-Christian Democrat coalition since October 2010, will first try to reach a
The government also announced a partial fiscal amnesty program that it hopes will bring to the surface unpaid taxes from an underground economy.
WASHINGTON (Reuters) - House Republicans placed a major election-year bet on Tuesday on a deficit-slashing budget proposal the party hopes will win over voters and quell any concerns about the plan's most controversial element - a sweeping revamp of Medicare.
Live coverage of Chancellor George Osborne's 2012 Budget. He doesn't have the money for popular tax giveaways but he's also under pressure to get the economy moving. Can he deliver?
WASHINGTON (Reuters) - President Barack Obama called on Monday for new spending to boost growth and higher taxes on the rich, laying out an election-year vision for America in a budget that drew heavy fire from Republicans for failing to curb huge deficits.
WASHINGTON (Reuters) - President Barack Obama will propose an election-year budget on Monday that raises taxes on millionaires and seeks billions of dollars for job-creating infrastructure projects, drawing a populist battle line with his Republican opponents.
WASHINGTON (Reuters) - President Barack Obama will seek billions of dollars for jobs and infrastructure in his 2013 budget, an appeal to voters that draws election-year battle lines over taxes and spending as Republicans slammed him for "debt, doubt and decline."
President Obama’s budget blueprint, to be laid out Monday, is an election-year wager that higher taxes on the rich and spending on popular programs will outweigh deficit concerns.
The bloc, however, still showed few signs of producing a comprehensive solution for the sovereign debt crisis or a credible plan to revive fragile economies.
A formal state review of Detroit’s books could lead to the appointment of an outside emergency manager to take over the city’s finances.
Italy’s Senate voted overwhelmingly in favor of a package aimed at eliminating Italy’s budget deficit by 2013 and stimulating its economy as part of a broader plan to stabilize the euro.
PARIS/NEW YORK (Reuters) - Standard & Poor's has warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to deliver a convincing agreement on how to solve the region's debt crisis in a summit on Friday.
NEW YORK (Reuters) - Fitch Ratings gave the United States until 2013 to come up with a "credible plan" to tackle its ballooning budget deficit or risk a downgrade of the country's coveted AAA rating.
By acting more quickly, the leaders hope to reassure financial markets and encourage the European Central Bank to do more to fight the deepening sovereign debt crisis.
WASHINGTON (Reuters) - Budget talks in the Congress were locked in stalemate on Wednesday amid the disclosure of a Democratic offer last week that drew no Republican interest.
WASHINGTON (Reuters) - The top Democrat in Congress said on Tuesday he saw few signs of progress on a deficit-cutting deal, as negotiators struggled to bridge their differences on tax increases and benefit cuts.

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