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World 28 Dec 2012 | 12:00 AM

Obama, Congress leaders to meet as fiscal cliff looms

WASHINGTON, Dec 27, 2012 (AFP) - US President Barack Obama will host top congressional leaders including his bitter Republican rivals on Friday in a last-ditch bid to halt America's slide over the fiscal cliff.

World 02 Jan 2013 | 12:00 AM

US Congress finally averts fiscal cliff (Updated)

WASHINGTON: After bitter New Year brinksmanship, the US Congress finally backed a deal to avert a "fiscal cliff" of tax hikes and massive spending cuts that had threatened to unleash economic calamity.

World 02 Jan 2013 | 12:00 AM

With final vote, U.S. Congress resolves "fiscal cliff" drama

WASHINGTON (Reuters) - The U.S. Congress approved a rare tax increase on Tuesday that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession.

World 02 Jan 2013 | 12:00 AM

With final vote, U.S. Congress resolves "fiscal cliff" drama

WASHINGTON (Reuters) - The U.S. Congress approved a rare tax increase on Tuesday that will hit the nation's wealthiest households in a bipartisan budget deal that stops the world's largest economy from falling into a deep fiscal crisis and recession.

World 01 Jan 2013 | 12:00 AM

U.S. Senate approves "fiscal cliff" deal, crisis eased

WASHINGTON: The Senate moved the U.S. economy back from the edge of a "fiscal cliff" on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives.

Nation 02 Nov 2018 | 11:58 AM

Budget 2019 strikes balance between fiscal discipline and boosting economy, says Azmin

KUALA LUMPUR: The government had to balance between managing a tight fiscal deficit and spurring economic growth in Budget 2019, says Economic Affairs Minister Datuk Seri Azmin Ali.

World 04 Sep 2017 | 9:48 PM

Subdued by Harvey, U.S. Congress reconvenes facing fiscal tests

WASHINGTON (Reuters) - Hurricane Harvey devastated Texas, but could bring some fiscal order to Washington where Republicans and Democrats will need to put political differences aside in order to approve spending to repair the damage from flooding in and around Houston.

World 08 May 2017 | 2:45 AM

Germany's Gabriel urges Merkel to soften fiscal stance with France

BERLIN (Reuters) - Germany's foreign minister has urged Chancellor Angela Merkel's conservatives to adopt a less rigid stance in fiscal policy towards France's next president, Emmanuel Macron.

World 01 Apr 2017 | 10:59 PM

Peru finance minister says flood damages merit wider fiscal gap

ASUNCION (Reuters) - Reconstruction efforts in Peru after severe flooding that killed more than 100 people warrant a wider fiscal deficit target, though the country is not planning to access debt markets to finance the deficit, the finance minister said on Saturday.

World 20 May 2016 | 7:51 PM

Germany sees no need for more expansive fiscal policy, official says

BERLIN (Reuters) - Germany see no need for a more expansive fiscal policy, a senior government official said on Friday, adding that Berlin was already making a contribution to growth with investment.