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Byline: NPM Bureau WASHINGTON: The US budget deficit hit an all-time high of 3 trillion for the first 11 months of this budget year, the Treasury Department said on Friday. [...]

To say it has been a rough few years for state and local governments would be an understatement. Although the economy has been modestly expanding since 2009, the public sector [...]

If the U.S. federal government properly accounted for its explicit and promised liabilities, it would record a national debt of $64 trillion and a national deficit of $2.4 trillion in 2006. Although capital markets seem to care about the officially reported budget deficit--a metric that is backward looking and quite misleading--the markets have done little more than yawn at the federal government's mammoth, and growing, forward-looking budget imbalance. Are investors uninformed? They should remember that the common belief that capital markets cannot fail is precisely the reason why they can.

McCurtain claims to be neither a stock bear nor bull, and blames the massive federal debt for his metals recommendation. He fears that fiscal policy remains unmanaged, and that monetary signs point to renewed inflation.

To rein in its debt, China must be willing to let companies fail WEIGHED down by debt and running out of cash, Chaori Solar emerged this year as an unlikely [...]

Pope Benedict XVI stunned the Catholic church by announcing that he would step down on February 28th, the first papal resignation in 600 years. In a statement read out in [...]

HHS proposes rules for wellness programs The U.S. Department of Health and Human Services announced a series of proposed rules under the Patient Protection and Affordable Care Act governing employee [...]

President Barack Obama has won the hard fought battle for a second term. But he has no time to rest or celebrate. The president and US politicians must hurry to [...]

Byline: Rachel Witkowski The potential of falling off the fiscal cliff is making bankers more cautious about their exposure to government contractors. Community banks in particular are re-evaluating every client [...]

The current government has prioritised fiscal consolidation and we expect its successor to do the same in order to bring down the public-sector deficit to manageable levels. However, weak real [...]

Outlook for 2012-13 Barbados will remain one of the most politically stable countries in the English-speaking Caribbean in 2012 and beyond, thanks to low levels of corruption and a business-friendly, [...]

Monetary policy has largely been geared towards accommodating the fiscal deficits. This policy of deficit financing, combined with Eritrea's chronically large deficits, has resulted in rapid money supply growth, which [...]

What do you think?Join the debate on CareSpace Keep up to date with the latest developments in social care. Sign up to our daily and weekly emails cuts premise is [...]

Adult mental health care may lose out to children's services as the NHS seeks to make cuts and meet government priorities, mental health leaders are warning. It is feared that [...]

funding Claim of extra [pounds sterling]2bn for adult care undermined mithran.samuel@rbi.co.uk The government's claim that it is providing an additional [pounds sterling]2.1bn a year to fund adult care have been [...]

Deteriorating economic conditions will lead to slower revenue growth and, without any windfalls from privatisations, the public finances will worsen in 2009-10. Expenditure will increase owing to improved access to [...]

Now it's the bean-counters' turn THERE was much to annoy the many opponents of Labour's health-service reforms this week. The NHS's logistics arm and much of its bulk purchasing of [...]

Back in March 2004 we interviewed Richard Douglas, finance director of the National Health Service. As someone who was in charge of spending [pounds sterling]60bn of taxpayers' money, he was [...]

Pension scheme liabilities soar as gilt yields plummet The pension deficit facing FTSE 100 companies has leapt to #110bn in the face of rising inflation expectations and falling bond yields. […]

The good news on the deficit won't last beyond this year. New White House estimates peg the 2005 deficit at $333 billion, nearly $100 billion less than the administration forecast [...]

Here's how the Bush administration would like us to view the bulging red ink of the federal government: In 1943, the deficit was equal to 30% of gross domestic product [...]

WHILE the pension deficit for top companies is shrinking, the savings gap for public sector plans appears to be widening. According to Lane Clark & Peacock, the pension scheme deficits [...]

This year one of President George W. Bush's main goals is to make his hefty tax cuts permanent. It's a good bet to happen, even as forecasts for the deficit [...]