NEWSWORTHY
Election handouts and other sweeteners threaten to upset India's plan to curb budget deficits
Less than a month before India's budget, risks are growing that Prime Minister Narendra Modi's government will miss fiscal targets for a second year in a row as it gives into populist pressures before a high-stakes election. Speculation is mounting of possible cash handouts to ...
Tens of billions of yen in jobless benefits unpaid due to faulty labor ministry data: sources
Chief Cabinet Secretary Yoshihide Suga said Thursday the government will decide whether to rework the fiscal 2019 budget after the ministry’s investigation.
U.S. Congress convenes, attempts to end partial government shutdown
U.S. Democrats swept back to power Thursday in the House of Representatives with veteran Nancy Pelosi at the helm, but they came face to face with what may be a new divided government normal in Washington: legislative gridlock. After a historic opening session of the ...
The paralysis triggered by the U.S. government shutdown could have unexpected consequences, such as muddying economic statistics just as the markets are extremely reactive to any whiff of uncertainty. More than a week into the game of chicken between President Donald Trump and Democrats in ...
With no deal, U.S. government shutdown likely to drag on past Christmas
A partial U.S. government shutdown was almost certain to drag through the Christmas holiday after the Senate adjourned on Saturday without breaking an impasse over President Donald Trump's demand for more funds for a border wall. With no deal in sight on a bill to ...
U.S. suffers partial government shutdown over Trump's demand for billions for border wall
A partial federal shutdown took hold early Saturday after Democrats refused to meet President Donald Trump's demands for $5 billion to start erecting his cherished Mexican border wall, a chaotic postscript for Republicans in the waning days of their two-year reign controlling government. Vice President ...
Japan to seek more transparent and efficient procurement of U.S. arms
In its new defense buildup guidelines, Japan is considering including a pledge to improve the transparency and efficiency of its procurement process for U.S. military equipment amid concerns over its rising defense budget, government sources said Friday. Japan purchases U.S. defense equipment mainly through a ...
Japan to compile second extra budget for disaster prevention and agriculture
Prime Minister Shinzo Abe on Tuesday told his administration to draw up a second supplementary budget for fiscal 2018 to fund disaster prevention measures and bolster the agricultural sector. The extra budget, which is expected to be several trillion yen in size, will also fund ...
U.S. Secretary of State Mike Pompeo has nearly doubled promotions of top American diplomats as he seeks to restore work relations with a staff alienated by his predecessor, Rex Tillerson. Since taking over in April, Pompeo has lavished attention on diplomats demoralized by the former ...
Japan's government budget requests for fiscal 2019 hit record high
Budget requests from government ministries and agencies for fiscal 2019 reached a record-high ¥102.5 trillion ($923 billion) amid snowballing social security costs and increasing defense spending, officials said Friday. The figure suggests that the initial general account budget for the year beginning next April could ...
Prime Minister Shinzo Abe's government will consider compiling a supplementary budget while examining the damage due to floods and other disasters caused by the recent torrential rains mainly in western Japan. "We'll respond in an appropriate manner, based on needs," Abe told a news conference ...
New Zealand's center-left government boosted spending on welfare and public services Thursday in a maiden budget aimed at delivering on the promises made during last year's "Jacinda-mania" election campaign. Health services are the centerpiece of the budget's spending spree, after Prime Minister Jacinda Ardern's campaign ...
