PARIS -France cannot afford tax cuts and spending increases that have been floated by presidential candidates ahead of an election set for April, the head of the central bank said …
Spending
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By Wayne Cole SYDNEY – Australian consumer confidence took a battering last week as an explosion in coronavirus cases triggered self-imposed lockdowns, squashing spending and blowing holes in supply chains. …
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OSLO – The Norwegian government said on Friday it has raised its projected fiscal spending for 2022 as it seeks to compensate businesses affected by coronavirus lockdown measures and subsidise …
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WASHINGTON – U.S. Senator Joe Manchin’s $1.8 trillion spending offer he proposed to the White House in late 2021 appears to be no longer on the table following a breakdown …
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LONDON – British consumer spending on credit and debit cards fell sharply in the week to Dec. 30, which covered the Christmas holiday period, according to non-seasonally adjusted figures released …
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WASHINGTON – U.S. construction spending increased in November amid strong gains in single-family homebuilding, but outlays on public projects were weak. The Commerce Department said on Monday that construction spending …
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By David Lawder WASHINGTON – Corporate tax advisers are warning clients not to celebrate the apparent demise of U.S. President Joe Biden’s $1.75 trillion climate and social spending package, which …
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By Jonnelle Marte – Some economists expect the U.S. economy to grow more slowly next year after a key Democratic lawmaker dealt a seemingly fatal blow to President Joe Biden’s …
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By Valerie Volcovici WASHINGTON – The main union representing U.S. coal miners urged West Virginia Senator Joe Manchin to reconsider his opposition to the Biden administration’s $1.75 trillion climate and …
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By David Lawder WASHINGTON – Western sanctions are squeezing Belarus’ economy and limiting its financing options, International Monetary Fund staff said on Monday, recommending that Minsk cut fiscal expenditures to …
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– Democratic U.S. Senator Joe Manchin last week made the White House a counteroffer for its social spending bill, which excluded an extension of the expanded Child Tax Credit, the …
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Senate Parliamentarian Elizabeth MacDonough rejected another Democratic effort to include immigration reform in President Joe Biden’s spending bill. MacDonough’s ruling, which came late Thursday, is Democrats’ latest setback in their …
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The U.S. Chamber of Commerce sent letters to members of Congress on Thursday urging them to cut two sections of President Joe Biden’s spending bill that empower the Federal Trade …
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Senate Democrats’ hope to pass President Joe Biden’s tax and spending bill before 2022 may be slipping away, leading Majority Leader Chuck Schumer to consider making another Hail Mary attempt …
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Two polls conducted in West Virginia and New Hampshire show that Americans believe President Joe Bident’s spending plans will drive up inflation. A Remington Research Group poll conducted in West …
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Democratic West Virginia Sen. Joe Manchin, the likely deciding vote for Democrats’ massive spending package, expressed concerns with the bill’s central climate provision on Wednesday. The West Virginia senator suggested …
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FRANKFURT – Volkswagen on Thursday said it would ramp up spending for battery-powered electric vehicles by around 50% to 52 billion euros ($59 billion) by 2026 as part of the …
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U.S. consumer spending this holiday season is expected to soar despite growing concerns over inflation and supply chain backlogs that may delay shipping, according to a CNBC survey. Americans, on …
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By Robin Emmott BRUSSELS – European Union states spent nearly 200 billion euros ($225 billion) on defence in 2020, the most since records began in 2006, but joint investment by …
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By Andrea Shalal WASHINGTON – The U.S. Treasury on Friday kept Germany on its Monitoring List for problematic currency practices and urged the incoming coalition government to keep up its …
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By Sabrina Valle HOUSTON – U.S. oil producer Chevron Corp on Wednesday said it plans to boost spending on new oil and gas projects in 2022 by 20% to $15 …
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WASHINGTON – U.S. construction spending rebounded less than expected in October as a decline in homebuilding blunted a surge in outlays on public projects. The Commerce Department said on Wednesday …
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By Sabrina Valle HOUSTON – Exxon Mobil will brief Wall Street on Wednesday on its future spending plans, with investors looking for how it will balance oil and low-carbon initiatives …
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TOKYO – Japan’s draft budget for next fiscal year will likely see total spending exceed a record $946 billion due to rising defense and social welfare costs, Kyodo news agency …
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House Democrats passed President Joe Biden’s nearly $2 trillion spending package Nov. 19 after months of high-stakes negotiations, but it faces an even rockier path through the 50-50 Senate before …