Jan 10, 2015

Cabinet rubber stamps ¥3.12 trillion extra budget

Prime Minister Shinzo Abe’s Cabinet endorsed on Friday a ¥3.12 trillion extra budget aimed at reviving domestic demand stunned by the April 1 consumption tax hike and weaker yen. To shore up flagging private spending, the stimulus package includes ¥1.19 trillion to provide subsidies ...

Funding lags for sex-trafficking victims in U.S.

Dec 30, 2014

Funding lags for sex-trafficking victims in U.S.

State after state in America is passing new laws to combat sex-trafficking, reflecting a growing awareness of the domestic industry after years in which Americans considered it a foreign problem — something relegated to Eastern Europe or Asia. But while the get-tough laws are ...

Dec 28, 2014

Abe vows radical review of all welfare outlays

The government said Saturday it will review its social security spending without exception when it compiles a budget for fiscal 2015. The government made that clear in its basic policy on the fiscal 2015 budget adopted at meetings of the Council on Economic and ...

Dec 17, 2014

Obama signs $1.1 trillion spending bill into law

With little fanfare to mark a rare bipartisan achievement, President Barack Obama on Tuesday signed a massive, $1.1 trillion spending bill that keeps the federal government operating over the next nine months. The legislation was a compromise that angered liberals and conservatives alike but ...

Dec 17, 2014

U.S. Congress extends dozens of tax breaks

The U.S. Senate approved a sweeping package of tax breaks Tuesday, sending to President Barack Obama a bill that allows individuals and corporations to save billions of dollars on their 2014 taxes. On the Senate’s final day of the year, lawmakers passed some 55 ...

Congress sends Obama $1.1 trillion spending bill

Dec 14, 2014

Congress sends Obama $1.1 trillion spending bill

A $1.1 trillion spending bill is on its way to President Barack Obama for his signature. The Senate voted 56-40 on Saturday for the long-term funding bill, the main item left on Congress’ year-end agenda. The measure provides money for nearly the entire government ...

Dec 12, 2014

White House swings behind huge $1.1T spending bill

The Obama White House and House Republicans joined forces Thursday in a furious attempt to pass a $1.1 trillion U.S. government-wide spending bill over clamorous protests from Democrats objecting that it would roll back bank regulations imposed in the wake of the economic near-meltdown ...

Dec 12, 2014

U.S. narrowly averts government shutdown

The U.S. House of Representatives narrowly passed a $1.1 trillion spending bill to avert a government shutdown Thursday less than three hours before a midnight deadline, overcoming strenuous Democratic objections to controversial financial provisions. Shortly after the 219-206 vote, the House passed a 48-hour ...