Fiscal

This tag is associated with 203 posts

Factbox: Details of U.S. President Obama’s fiscal year 2015 budget

(Reuters) – U.S. President Barack Obama released his fiscal year 2015 budget request to Congress on Tuesday, and lawmakers will promptly ignore it. Obama outlined how he would parcel out $1.014 trillion on government agencies’ discretionary programs ranging from the military to national parks. The level, barely above this year’s spending cap of $1.012 trillion, […]

White House to release fiscal 2015 budget on March 4

The White House will release President Barack Obama's budget for fiscal year 2015 on March 4, a spokesman for the Office of Management and Budget said on Thursday. "Now that Congress has finished its work on this year's appropriations, the administration is able to finalize next year's budget," spokesman Steve Posner said in a statement. […]

U.S. Postal Service narrows loss in latest fiscal year

By Elvina Nawaguna WASHINGTON (Reuters) – The U.S. Postal Service reported on Friday that it managed to slow the hemorrhaging of cash in its latest fiscal year, but said a legislative fix is still needed to put it on a sound financial footing. The U.S. Postal Service (USPS) said it benefited from growth in its […]

Japan PM calls on US to resolve fiscal ‘uncertainties’

Japanese Prime Minister Shinzo Abe on Tuesday added his voice to calls for Washington to work through its budget battles as he met with US Treasury Secretary Jack Lew. "We are hopeful in the future that these uncertainties over fiscal issues will be resolved by the administration and the US Congress," Abe told the US […]

U.S. Fiscal Future Likely Hinges on Public Reaction to Sequester

Don’t expect Congress and President Obama to reach agreement on how to turn off the sequester’s $85 billion in across-the-board federal spending cuts before they kick in Friday. View full post on Congress News Headlines – Yahoo! News

The Postal Service fiscal cliff: It’s real and may be unavoidable

Lost in the commotion over Washington’s budget debate is the dire situation of the United States Postal Service, which could face a possible October shutdown if Congress can’t act. View full post on Congress News Headlines – Yahoo! News

Public Lukewarm on ‘Fiscal Cliff’ Deal

Americans give a lukewarm response to last week’s agreement to avoid the fiscal cliff, albeit with higher marks for the deal to President Obama than to House Speaker John Boehner. More people in this ABC News/Washington Post poll approve than disapprove of the agreement, but… View full post on Congress News Headlines – Yahoo! News

Insight: In “fiscal cliff” bill, White House was key to corporate tax breaks

WASHINGTON (Reuters) – As the Congress rushed last week to approve a "fiscal cliff" tax bill that raised income taxes on the wealthy, Washington lobbyists were fretting over a drama that was playing out within the negotiations: whether the bill would include about $64 billion in tax breaks for businesses. The bill extended several tax […]

Republican Sen. McConnell rules out more taxes in U.S. fiscal fight

WASHINGTON (Reuters) – Senate Minority Leader Mitch McConnell on Sunday ruled out raising tax revenues on top of the tax hike on the wealthy in the "fiscal cliff" deal, and said the full focus must now be on spending cuts to curb U.S. deficits. But Democrats said they would push for a "balanced" approach of […]

Republican Senator McConnell rules out more taxes in fiscal fight

WASHINGTON (Reuters) – Senate Minority Leader Mitch McConnell on Sunday ruled out raising tax revenues on top of the tax hike on the wealthy in the "fiscal cliff" deal, and said the full focus must now be on spending cuts to curb U.S. deficits. But Democrats said they would push for a "balanced" approach of […]