Economic policy http://www.globalpost.com/taxonomy/term/24170/all en ANALYSIS-'Fiscal cliff' deal sours U.S. tax reform outlook http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-fiscal-cliff-deal-sours-us-tax-reform-outlook <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p><body></body></p> <p>* Hopes dim for 'grand bargain' on taxes, spending</p> <p>* Democrats want more revenue from tax code revamp</p> <p>* Republicans say "cliff" deal means tax debate over</p> <p>* Gridlock may mean corporate tax reform hopes dashed</p> <p>By Kim Dixon and Kevin Drawbaugh</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130108/analysis-fiscal-cliff-deal-sours-us-tax-reform-outlook" target="_blank">read more</a></p> Bush tax cuts Business Candidate Position Capital gains tax Citizens for Tax Justice Economic policy Entertainment Environment Flat tax Health Income tax Income tax in Australia Income tax in the United States Labor Person Career Person Location Person Party Political economy Politics Public economics Quotation Social Issues Tax Taxation Thomson Reuters Tue, 08 Jan 2013 14:03:46 +0000 Thomson Reuters 5731558 at http://www.globalpost.com INTERVIEW-Obama aide presses Republicans to accept more tax revenues http://www.globalpost.com/dispatch/news/thomson-reuters/130109/interview-obama-aide-presses-republicans-accept-more-tax-revenu <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Jason Lange</p> <p>WASHINGTON, Jan 9 (Reuters) - The U.S. Congress should accept in the next round of deficit-reduction talks that revenue from taxes must be raised further if it expects President Barack Obama to sign off on a deal, the president's top economic adviser, Gene Sperling, said in an interview.</p> <p>The White House and Congress are trying to reach an agreement that would delay planned austerity measures and keep funding the government, while at the same time cutting the budget deficit over the long term.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/interview-obama-aide-presses-republicans-accept-more-tax-revenu" target="_blank">read more</a></p> Business Economic policy Entertainment Environment Fiscal policy Health Politics Public economics Thomson Reuters Wed, 09 Jan 2013 11:15:16 +0000 Thomson Reuters 5732046 at http://www.globalpost.com GLOBAL MARKETS-Alcoa results lift shares, dollar gains on yen http://www.globalpost.com/dispatch/news/thomson-reuters/130109/global-markets-alcoa-results-lift-shares-dollar-gains-yen <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* World shares rise as Alcoa points to rising global demand</p> <p>* Dollar gains versus yen on expectations of BOJ easing</p> <p>* Brent crude stays below $112 per barrel</p> <p>By Luciana Lopez and Richard Hubbard</p> <p>NEW YORK/LONDON Jan 9 (Reuters) - Global equities recovered modestly from a two-day slip on Wednesday after aluminum maker Alcoa opened the U.S. earnings season with a brighter outlook for global demand.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130109/global-markets-alcoa-results-lift-shares-dollar-gains-yen" target="_blank">read more</a></p> Business Economic policy Economics Economy of the United States Entertainment Environment Health Politics Thomson Reuters Wed, 09 Jan 2013 15:30:27 +0000 Thomson Reuters 5732158 at http://www.globalpost.com RPT-Americans feel austerity's bite as payroll taxes rise http://www.globalpost.com/dispatch/news/thomson-reuters/130113/rpt-americans-feel-austeritys-bite-payroll-taxes-rise <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Payroll tax hike could suck $125 billion from households</p> <p>* Higher taxes to keep economic growth lackluster</p> <p>* Americans already cutting back on spending</p> <p>By Jason Lange</p> <p>WASHINGTON, Jan 13 (Reuters) - Americans are beginning to feel the pinch from Washington's decision to embrace austerity measures aimed at bringing down the nation's budget deficit.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130113/rpt-americans-feel-austeritys-bite-payroll-taxes-rise" target="_blank">read more</a></p> Business Economic policy Entertainment Environment Health Labor Law Politics Public economics Public finance Social Issues Technology Thomson Reuters Sat, 12 Jan 2013 14:15:41 +0000 Thomson Reuters 5733570 at http://www.globalpost.com UPDATE 3-U.S. Republicans weigh short-term debt limit increase http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-ryan-says-us-republicans-weigh-short-term-debt-limit-i <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Budget chairman looks ahead to March fiscal deadlines</p> <p>* Obama has vowed not to negotiate over the debt limit</p> <p>* At least a three-month extension is under discussion</p> <p>By David Lawder and Rachelle Younglai</p> <p>WILLIAMSBURG, Va., Jan 17 (Reuters) - House Republicans signaled on Thursday they might support a short-term extension of U.S. borrowing authority next month so they can move on to budget battles that could offer them more political leverage.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130117/update-1-ryan-says-us-republicans-weigh-short-term-debt-limit-i" target="_blank">read more</a></p> Business Economic policy Economics Economy of the United States Entertainment Environment Fiscal policy Government Health Paul Ryan Politics United States Thomson Reuters Thu, 17 Jan 2013 19:45:54 +0000 Thomson Reuters 5735792 at http://www.globalpost.com UPDATE 1-White House encouraged at House plans for clean debt cap rise http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-white-house-encouraged-at-house-plans-clean-debt-cap-r <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Jan 18 (Reuters) - The White House on Friday said it welcomed plans by Republicans in the U.S. House of Representatives to raise the government's debt ceiling, as long as they do not condition the increase on spending cuts.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130118/update-1-white-house-encouraged-at-house-plans-clean-debt-cap-r" target="_blank">read more</a></p> Business Economic policy Economy of the United States Entertainment Environment Health Politics Social Issues United States public debt Thomson Reuters Fri, 18 Jan 2013 20:30:59 +0000 Thomson Reuters 5736382 at http://www.globalpost.com UPDATE 1-Senior Democrat says US Senate to finally pass a budget this year http://www.globalpost.com/dispatch/news/thomson-reuters/130120/update-1-senior-democrat-says-us-senate-finally-pass-budget-yea <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Thomas Ferraro</p> <p>WASHINGTON, Jan 20 (Reuters) - U.S. Senate Democrats for the first time in more than three years will pass a budget, a senior Democratic lawmaker said on Sunday, fulfilling a basic task that Republicans have been urging them to do.</p> <p>Senator Charles Schumer said, however, the spending plan will include proposed new revenue despite Republican warnings that they will not go along with any more tax increases.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130120/update-1-senior-democrat-says-us-senate-finally-pass-budget-yea" target="_blank">read more</a></p> Business Economic policy Economy of the United States Entertainment Environment Government Health Politics Thomson Reuters Sun, 20 Jan 2013 20:31:02 +0000 Thomson Reuters 5736978 at http://www.globalpost.com UPDATE 2-US House Republicans seek vote to extend debt limit to May 19 http://www.globalpost.com/dispatch/news/thomson-reuters/130121/update-1-us-house-republicans-seek-vote-extend-debt-limit-may-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* House vote seen taking place on Wednesday</p> <p>* Lawmaker salaries in escrow if budget deadline missed</p> <p>By David Lawder</p> <p>WASHINGTON, Jan 21 (Reuters) - Republican leaders in the House of Representatives said they aim to pass on Wednesday a nearly four-month extension of the U.S. debt limit, to May 19.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130121/update-1-us-house-republicans-seek-vote-extend-debt-limit-may-1" target="_blank">read more</a></p> 112th United States Congress Business Economic policy Economy of the United States Health Labor Social Issues United States debt-ceiling crisis United States public debt Thomson Reuters Mon, 21 Jan 2013 18:15:23 +0000 Thomson Reuters 5737377 at http://www.globalpost.com ANALYSIS-US debt limit bill gives political cover to both parties http://www.globalpost.com/dispatch/news/thomson-reuters/130123/analysis-us-debt-limit-bill-gives-political-cover-both-parties <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Big budget decisions left for later</p> <p>* Republicans talk tough but fold on spending-cut demands</p> <p>* Onus on Democrats to lay out vision</p> <p>By Richard Cowan</p> <p>WASHINGTON, Jan 23 (Reuters) - Previous budget dramas in Washington produced bargains that made it look like Congress was making great strides, without actually doing so.</p> <p>Wednesday's vote by the Republican-controlled U.S. House of Representatives to extend the government's borrowing power until May 19 was no different.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130123/analysis-us-debt-limit-bill-gives-political-cover-both-parties" target="_blank">read more</a></p> Business Economic policy Economy of the United States Government Health Labor Politics Social Issues Thomson Reuters Thu, 24 Jan 2013 02:45:23 +0000 Thomson Reuters 5738646 at http://www.globalpost.com FACTBOX-New U.S. fiscal timeline after debt limit extension http://www.globalpost.com/dispatch/news/thomson-reuters/130124/factbox-new-us-fiscal-timeline-after-debt-limit-extension <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>Jan 24 (Reuters) - The U.S. House of Representatives has passed a Republican plan to allow the federal government to keep borrowing money through mid-May. The legislation rearranges a set of springtime fiscal deadlines - and the budget battles that will accompany them.</p> <p>Assuming passage by the Senate, which is expected, the measure would shift the immediate focus of spending-cut demands to other deadlines in March, April and May. Following is a rundown of the key dates in the reordered fiscal calendar and their implications:</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130124/factbox-new-us-fiscal-timeline-after-debt-limit-extension" target="_blank">read more</a></p> Business Disaster Economic policy Economy of the United States Entertainment Environment Government Health Labor Law Politics Social Issues Technology Thomson Reuters Thu, 24 Jan 2013 23:00:16 +0000 Thomson Reuters 5739123 at http://www.globalpost.com US House budget chief: automatic spending cuts 'going to happen' http://www.globalpost.com/dispatch/news/thomson-reuters/130127/us-house-budget-chief-automatic-spending-cuts-going-happen <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Automatic spending cuts due to kick in March 1</p> <p>* Ryan says "no one" talking about a government shutdown</p> <p>By Margaret Chadbourn</p> <p>WASHINGTON, Jan 27 (Reuters) - Automatic spending cuts postponed at the start of the year will go into effect as scheduled in March but "no one" is talking about allowing a U.S. government shutdown, the Republican House of Representatives Budget Committee chairman said on Sunday.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130127/us-house-budget-chief-automatic-spending-cuts-going-happen" target="_blank">read more</a></p> Business Economic policy Economy of the United States Entertainment Environment Health Labor Law Paul Ryan Politics United States public debt Thomson Reuters Sun, 27 Jan 2013 19:15:19 +0000 Thomson Reuters 5740219 at http://www.globalpost.com Top Senate Democrat sets up fight over looming budget cuts http://www.globalpost.com/dispatch/news/thomson-reuters/130129/top-senate-democrat-sets-fight-over-looming-budget-cuts <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Reid wants revenue to replace automatic cuts</p> <p>* Democrats target tax credits, loopholes for oil firms</p> <p>By David Lawder and Richard Cowan</p> <p>WASHINGTON, Jan 29 (Reuters) - The top U.S. Senate Democrat said on Tuesday that he wants increased tax revenues to help replace the automatic spending cuts looming on March 1, a demand that could reignite partisan budget tensions.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130129/top-senate-democrat-sets-fight-over-looming-budget-cuts" target="_blank">read more</a></p> Business Economic policy Economy of the United States Entertainment Environment Government Health Labor Law Politics Social Issues Thomson Reuters Tue, 29 Jan 2013 22:30:35 +0000 Thomson Reuters 5741286 at http://www.globalpost.com UPDATE 2-Greek transport workers, doctors strike over austerity http://www.globalpost.com/dispatch/news/thomson-reuters/130131/update-2-greek-transport-workers-doctors-strike-over-austerity <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>* Strike disrupts transport, hospital services in Athens</p> <p>* Hundreds of protesters march to parliament</p> <p>* Biggest Greek union calls 24-hour general strike, Feb. 20 (Adds general strike, retail sales data)</p> <p>By Angeliki Koutantou and Renee Maltezou</p> <p>ATHENS, Jan 31 (Reuters) - Greek train and ferry services stopped and hospital staffing was cut to a minimum on Thursday as transport workers and doctors protested against spending cuts imposed to meet the country's bailout terms.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130131/update-2-greek-transport-workers-doctors-strike-over-austerity" target="_blank">read more</a></p> Business Economic policy Europe Greece Labor Thomson Reuters Thu, 31 Jan 2013 18:01:20 +0000 Thomson Reuters 5742018 at http://www.globalpost.com US Congress postpones 'debt ceiling' deadline http://www.globalpost.com/dispatch/news/afp/130131/us-congress-postpones-debt-ceiling-deadline <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>The US Congress on Thursday suspended the country's debt ceiling until May, giving lawmakers three months for high-stakes budget negotiations and averting a potentially catastrophic default.</p> <p>The Senate voted 64 to 34 in favor of the bill, which had already passed in the House of Representatives last week, authorizing the government to exceed the legal borrowing limit until May 18 as Democrats and Republicans struggle to reach a broader deal to rein in deficits and the federal debt.</p> <p><a href="http://www.globalpost.com/dispatch/news/afp/130131/us-congress-postpones-debt-ceiling-deadline" target="_blank">read more</a></p> Business Disaster Economic policy Economy of the United States Fiscal policy Social Issues AFP Thu, 31 Jan 2013 22:15:23 +0000 Agence France-Presse 5742274 at http://www.globalpost.com Top Senate Democrat: revenue must be part of any US budget deal http://www.globalpost.com/dispatch/news/thomson-reuters/130203/top-senate-democrat-revenue-must-be-part-any-us-budget-deal <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>WASHINGTON, Feb 3 (Reuters) - The top U.S. Senate Democrat said on Sunday tax revenue must be part of any deal to replace looming automatic spending cuts, despite Republican warnings that they will not buckle over this issue after conceding on tax rises for the rich a month ago.</p> <p>In separate remarks, U.S. Defense Secretary Leon Panetta also took aim at the $85 billion in across-the-board spending cuts, known as the sequester, which bite on March 1 unless Congress takes action, and warned they would harm U.S. security.</p> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130203/top-senate-democrat-revenue-must-be-part-any-us-budget-deal" target="_blank">read more</a></p> Business Economic policy Tax cut United States federal budget Thomson Reuters Sun, 03 Feb 2013 19:45:42 +0000 Thomson Reuters 5744726 at http://www.globalpost.com