Us Budget

US Congress gridlock deepens as Democrats, Republicans fail to strike deals on immigration, federal spending

Bitterly divided US lawmakers return this week to face a shrinking window for reaching deals on immigration, federal spending and the debt

US IT industry opposes President Obama's move to tax overseas earning

IT industry and the Republican leadership has opposed US President Barack Obama's move to tax overseas earnings, saying that this is bad for global competition of US companies.

Don't tax the tax-paying rich even more; find more bakras

Taxing the rich or super rich who are already paying taxes is not the best way to raise more resources. It's better find more rich people who currently don't pay tax

Budget deal headed to vote in US House, likely to be passed

Republicans in the U.S. House of Representatives on Wednesday were falling in line behind a bipartisan two-year budget deal, indicating that the normally rambunctious group of lawmakers is not spoiling for a year-end fiscal fight.

US budget deal reached, could usher in new era of cooperation

A bipartisan budget deal announced in the US Congress on Tuesday, while modest in its spending cuts, would end nearly three years of partisan stand-offs between Democrats and Republicans that culminated in October with a partial government shutdown.

Is gold losing its shine after bull-run of 12 years?

Most banks still cling to forecasts for gold to hit record highs in 2013, but the factors they cite-ultra-low interest rates, fears of inflation-have so far failed to propel prices out of the past year's sideways trading channel.

Poisonous US politics made S&P go red

Three triggers were on its watch list: a jump in the U.S. debt burden; the decline of the U.S. dollar and significant policy mistakes.

Post shutdown: Obama focuses on budget, immigration reform

President Barack Obama says now that the shutdown is over, leaders in Washington should focus on a budget, immigration reform and a farm bill

John Kerry proposes 20% cut in US aid to Sri Lanka

It is believed to be the highest drop for any South Asian country in Kerry's budgetary proposals which was sent to the Congress last week for its approval.

US announces closure of 149 airport control towers

US will close 149 airport control towers will be closed across the country beginning 7 April due to a budget saving implementation plan.