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.
The US House of Representatives has approved legislation to prevent a government shutdown at the end of the month.
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.
Louisiana Governor Bobby Jindal has criticised US President Barack Obama, saying his administration would go down in history for propagating government greed.
US President Barack Obama is encouraged by the progress made in the US Congress on comprehensive immigration reform.
US President Barack Obama has signed into law a whopping USD 633 billion defence bill that authorises spending on the war in Afghanistan.
Gen (Rtd) H Norman Schwarzkopf died in Tampa near Florida where he was living after retirement.
Italian Prime Minister Mario Monti tendered his resignation to President Giorgio Napolitano, shortly after Parliament approved his government`s 2013 budget.
White House Press Secretary Jay Carney acknowledged that it was puzzling to some around the world that offensive speech is permitted in the US.
This move is a part of spending cuts aimed at balancing the budget by 2015.
The Queen has agreed to a 14% drop in royal household spending 2012-2013.
Britain`s defense secretary said that senior military posts could be axed as he prepares major spending cuts.
The Queen currently receives GBP 7.9 billion annually for official duties.
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.
Day in Pics: 22nd December
Showbiz World - December 22, 2014
People Magazine Awards 2014