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US budget deficit to drop to 583 billion this year

Last Updated: Saturday, July 12, 2014, 12:21

The US government budget deficit in 2014 will come down to USD 583 billion, a drop of USD 100 billion over the previous year.

US records USD 71 billion budget surplus in June

Last Updated: Saturday, July 12, 2014, 00:43

The US government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.

Cygnett to open 6 hotels this year

Last Updated: Thursday, April 24, 2014, 19:04

Kolkata-based Cygnett Hotels & Resorts will open six hotels with a total room capacity of over 300 in the budget and mid segment category this year.

Fitch affirms US ratings, removes downgrade danger

Last Updated: Friday, March 21, 2014, 11:49

Fitch Ratings on Friday affirmed the United States` credit ratings at "AAA" with a stable outlook, removing the distant danger that it might downgrade the world`s largest economy.

Obama 2015 budget seeks $60 billion tax credit expansion: White House

Last Updated: Tuesday, March 04, 2014, 10:00

President Barack Obama will strike a firmly populist tone in his 2015 budget plan on Tuesday, proposing to pay for an expansion of a popular tax credit for the working poor by eliminating tax breaks claimed by wealthy Americans.

Obama proposes USD 1 billion climate protection fund

Last Updated: Saturday, February 15, 2014, 02:20

President Barack Obama has decided to allocate a USD 1 billion fund to mitigate the impact of climate change, as he inspects farmland parched by drought in California.

US Congress unveils $1 trillion spending bill

Last Updated: Tuesday, January 14, 2014, 14:33

Negotiators from the US Senate and House of Representatives unveiled a USD 1 trillion spending bill, eliminating the threat of another government shutdown, at least until October.

US Congress won`t meet deadline for spending bill vote

Last Updated: Tuesday, January 14, 2014, 01:49

The US Congress was poised on Monday to extend by three days a deadline set during the country`s autumn budget crisis to avoid another government shutdown.

Obama signs budget bill into law to avert govt shutdown

Last Updated: Friday, December 27, 2013, 09:31

US President Barack Obama has signed a bipartisan federal budget bill, averting the risk of an embarrassing government shutdown for two years in the world's largest economy.

Obama signs bipartisan budget deal, annual defense bill

Last Updated: Friday, December 27, 2013, 09:07

President Barack Obama on Thursday signed a compromise budget that reduces the risk of another government shutdown and a defense bill that cracks down on sexual assault in the military and smooths the path for transferring detainees from the US prison in Guantanamo Bay, Cuba.

Gold price today: Latest updates

Last Updated: Tuesday, December 24, 2013, 16:35

Gold prices recovered by Rs 90 to Rs 28,454 per ten grams in futures trade Tuesday after moving in range of Rs 28,282- Rs 28,479.

Gold price today: Latest updates

Last Updated: Saturday, December 21, 2013, 17:49

Tracking fag-end short covering overseas, gold futures ended the week by recovering from their 2-month low of Rs 28,276 to Rs 28,554 per ten grams.