Greek police fired tear gas to disperse protesters in the center of Athens as labor unions shut down government services before a vote on austerity measures that may determine if the nation can avoid a default.
BusinessWeek.com — Finance
Measures proposed by Greek Finance Minister Evangelos Venizelos to complete a 78 billion-euro ($ 111 billion) austerity package required to win a bailout were endorsed by officials from the European Union and International Monetary Fund, said a person familiar with the matter.
BusinessWeek.com — Finance
The U.S. government posted a budget deficit of $ 57.6 billion in May, narrower than a year earlier, reflecting increasing tax revenue and a reduction in the estimated cost of the government’s financial industry bailout.
BusinessWeek.com — Finance
Rebounding tax revenues may blunt the drive to cut spending
BusinessWeek.com — Finance
Australia will make “substantial” spending cuts in the budget after a rising currency, the nation’s costliest natural disasters and Japan’s earthquake crimped revenue, Treasurer Wayne Swan said.
BusinessWeek.com — Finance
Republican U.S. Representative Mike Simpson often begins speeches on the federal budget in his home state of Idaho with two questions.
BusinessWeek.com — Finance
Congress’s debt focus is making budget cuts fall heaviest on children, which may hurt their long-term financial well-being, says Chris Farrell
BusinessWeek.com — Finance
Greece’s 2010 budget gap was more than a percentage point wider than the government estimated after a review by Europe’s statistics agency, the latest blow to the nation’s finances as it seeks to avoid a debt restructuring.
BusinessWeek.com — Finance
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