Japan Cabinet Oks blueprint for spending cuts

Japan`s Cabinet has approved a blueprint for cuts to welfare and public works spending intended to repair the nation`s overstretched finances on Thursday.

US House OKs bill to avoid government shutdown

The US House of Representatives has approved legislation to prevent a government shutdown at the end of the month.

Obama mixes Star Wars and Star Trek metaphors

Obama mixed Star Wars and Star Trek metaphors as he explained why he could not force the Republicans and Democrats to a deal to replace the forced spending cuts that kicked in.

Bobby Jindal slams Barack Obama for wasteful spending

Louisiana Governor Bobby Jindal has criticised US President Barack Obama, saying his administration would go down in history for propagating government greed.

`Obama encouraged by progress made on immigration reform`

US President Barack Obama is encouraged by the progress made in the US Congress on comprehensive immigration reform.

Barack Obama clears $633 bn defence spending

US President Barack Obama has signed into law a whopping USD 633 billion defence bill that authorises spending on the war in Afghanistan.

US general who led Operation Desert Storm dies

Gen (Rtd) H Norman Schwarzkopf died in Tampa near Florida where he was living after retirement.

Italian Prime Minister Mario Monti resigns

Italian Prime Minister Mario Monti tendered his resignation to President Giorgio Napolitano, shortly after Parliament approved his government`s 2013 budget.

Impossible to stop offensive content: White House

White House Press Secretary Jay Carney acknowledged that it was puzzling to some around the world that offensive speech is permitted in the US.

Dutch government cutting 12,000 military jobs

This move is a part of spending cuts aimed at balancing the budget by 2015.

UK budget cuts affect the Queen too

The Queen has agreed to a 14% drop in royal household spending 2012-2013.

UK defense chief plans cuts, major changes

Britain`s defense secretary said that senior military posts could be axed as he prepares major spending cuts.

`Broke` Queen seeks multi-million-pound pay raise

The Queen currently receives GBP 7.9 billion annually for official duties.

Germany needs `big spending cuts` to reduce deficit

Germany`s finance minister Wolfgang Schaeuble says the centre-right government faces the "colossal" task of making major spending cuts to reduce the public deficit starting in 2011.