The U.S. Congress on its second day under Democratic management overpoweringly approved new rules pertaining to restrain deficit spending and making special-interest projects known as earmarks transparent. Following the latest provisions, the Congress would be required to pay for any proposal to cut[...]
Posts Tagged ‘George Bush’
July 7th, 2012 - 11:17 am § in News Of Economy
U.S. Congress passes pay-as-you-go rules to control budget deficit, earmarks under scanner
June 22nd, 2012 - 10:51 am § in News Of Economy
Bush has less room to maneuver on renewal of fast-track trade policy
President George Bush’s decision to ask Congress to renew his fast-track trade promotion authority has surely given relief to the U.S. trading partners. The recent development at White House in this regard is a clear sign of Washington’s commitment to continue progress on trade. In fact,[...]
June 21st, 2012 - 10:50 am § in News Of Economy
George Bush defends his economic policies, stresses free trade and tax
President Bush has defended his economic policies amidst the growing allegations from the democrats that his economic policies have benefited the rich more than the middle class. George Bush sought to relax the nation’s fears about globalization, arguing that a free trade agenda benefits U.S. [...]
June 20th, 2012 - 10:49 am § in News Of Economy
Bush administration proposes cut in farm subsidies
The Bush administration has finally drafted a legislation that aimed at reducing subsidies to farmers by $10 billion over the next five years. The recent proposal also include cutting off payments to wealthy farmers. However, the proposal is subject to approval by Congress. The new legislation would[...]
June 18th, 2012 - 10:45 am § in News Of Economy
Democrats on collision course with Bush Administration over tax gap
Democrats are vigorously pursuing an agenda to raise state’s income by bridging tax gap, which has put them in direct confrontation with the Bush administration. Democrats are pressing the administration to take measures in the coming budget to extract the potentially huge amount of money that[...]
June 17th, 2012 - 10:44 am § in News Of Economy
Bush to restrain budget for domestic spending
The U.S. president George Bush has said that his budget plans for the current year will seek to reduce domestic spending. Bush in his weekly radio address stated, ‘Cutting the deficit during a time of war requires us to restrain spending in other areas’. Speaking on the expanding deficit[...]
June 16th, 2012 - 10:43 am § in News Of Economy
Bush’s budget proposal seeks to tighten domestic spending
The U.S. president, George Bush has presented a $2.9 trillion budget to congress setting the stage for a confrontation with democrats. Keeping domestic spending restrained George Bush ambitiously plans to balance the budget in five years without raising taxes while increasing funds for the Iraq war [...]
June 11th, 2012 - 10:34 am § in News Of Economy
US trade deficit reaches a record high to $764 billion
The US trade deficit widened to all time high to $763.6 billion last year. The trade deficit shot up by 6.5 percent last year to hit a new record high. The trade deficit increased for the fifth time in a straight successive year. Primarily, last year’s soaring global energy prices and the surg[...]
June 8th, 2012 - 10:29 am § in News Of Economy
Congress discomfort puts Doha round trade talks at risk
There seems to growing strong reservation and unease over globalization among US legislators. Certainly, this is not a good sign for the deadlocked global trade talks and for that matter renewal of fast track trade negotiation authority for the president himself. Democrats have signaled that a deal [...]