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Obama urges smart government spending cuts

Last Updated: Tuesday, February 26, 2013, 13:32

The uncertainty caused by the government spending cuts is already having an effect on US economy, Obama said in his remarks Monday to the National Governors Association at the White House, reported Xinhua.

Global investors bullish as economy on growth path: BofA-ML

Last Updated: Wednesday, January 16, 2013, 14:31

Global investors are assigning more funds to equities in the New Year as the global economy has regained the growth path, says a BofA Merrill Lynch Fund Manager Survey.

Global investors bullish as economy on growth path: BofA-ML

Last Updated: Wednesday, January 16, 2013, 14:31

Global investors are assigning more funds to equities in the New Year as the global economy has regained the growth path, says a BofA Merrill Lynch Fund Manager Survey.

Reduced US Fed easing likely to help India: BofA Merrill Lynch

Last Updated: Sunday, January 06, 2013, 10:52

The minutes of the Fed's December meeting, however, revealed some "worries" about continued quantitative easing.

'No compromise' on Congress lifting the federal debt ceiling: Obama

Last Updated: Sunday, January 06, 2013, 09:04

Obama stated that the fiscal cliff deal would raise taxes on the wealthiest Americans while preventing a middle-class tax hike.

IMF welcomes steps taken by US Congress to avoid fiscal cliff

Last Updated: Thursday, January 03, 2013, 10:52

Welcoming the measures taken by the US Congress to avoid the country hitting fiscal cliff, which would have had an adverse impact on global economy, the International Monetary Fund (IMF) has said more remains to be done to put the US public finances back on sustainable path.

Obama hails passage of "fiscal cliff" deal by Congress

Last Updated: Wednesday, January 02, 2013, 13:25

As the Congress passed the "fiscal cliff" deal ending fears of tax hikes among a vast majority of Americans, US President Barack Obama on Wednesday said this would avert possibility of recession in the economy and he would sign the bill into a law.

US 'fiscal cliff' crisis averted as House approves deal

Last Updated: Wednesday, January 02, 2013, 09:51

Had not passed, fiscal cliff would have resulted in increased tax rates for more than 98 percent of Americans.

Sensex at 20-month high, gains 154 points on US fiscal cliff deal

Last Updated: Tuesday, January 01, 2013, 16:28

Driven by all-round optimism, the 30-share index rose by 154.10 points, or 0.79 percent, to end at 19,580.81. This was its highest closing since 19,602.2 on April 21, 2011.

US Senate approves bill to avoid fiscal cliff

Last Updated: Tuesday, January 01, 2013, 10:09

The proposal would extend tax rates on annual household income under USD 4,50,000 and postpone automatic spending cuts for two months.

Immigration reform and stabilising economy tops agenda: Obama

Last Updated: Sunday, December 30, 2012, 23:59

In an interview to the 'Meet the Press' of the NBC news, Obama, however, reiterated that his immediate priority is to ensure that the taxes of the middle class do not go up from January 1.

America’s plunge over fiscal cliff can be averted

Last Updated: Sunday, December 30, 2012, 22:07

According to the Telegraph, an exasperated President Barack Obama has set a deadline of Sunday for congressional leaders to reach an agreement to pull back from the so-called ‘fiscal cliff’.