Average spending by Japanese households in 2013 rose 1.1 percent in real terms to 251,576 yen on a price adjusted basis, marking the second consecutive year of increase, the Internal Affairs and Communications Ministry said in a report Tuesday.
A two-year budget plan crafted by bipartisan negotiators and sailed through U.S. House of Representatives last week passed the Senate on Wednesday, eliminating the possibility of a government shutdown in the next two years.
U.S. House of Representatives on Thursday approved a two-year budget plan crafted by negotiators from both parties in Congress, a further step toward removing the threat of a government shutdown early next year.
Chief budget negotiators in the U.S. Congress said Tuesday that they have struck a two-year deal to avoid a government shutdown on Jan. 15.
The rise in spending by New Zealand shoppers with debit and credit cards slowed to 0.3
New Zealand politicians are facing unprecedented fiscal challenges over coming decades to deal with the country's ageing population, an economic think-tank warned Thursday.
Australians are spending a significant amount of money on health, beauty and fitness - an average of more than 6,000 AU dollars (5494 U.S. dollars) a year, according to a study released on Thursday by the Commonwealth Bank.
China is trying various ways to build a frugal government, which is needed for the present and upcoming economic situation, and critical to improving public services.
U.S. President Barack Obama made a major concession to Republicans Wednesday by calling for cuts in Social Security and Medicare during an ongoing budget battle in Congress.
Back from his weekend Florida golf getaway, U.S. President Barack Obama on Tuesday sounded an alarm on harms to be caused by the looming government spending cuts, but offered no concrete and long-term plan to put U.S. fiscal house in order.
Back from his weekend Florida golf getaway, U.S. President Barack Obama on Tuesday sounded an alarm on harms to be caused by the looming government spending cuts, but offered no concrete and long-term plan to put U.S. fiscal house in order.
U.S. President on Tuesday urged Congress to delay massive government spending cuts in the near term to boost economic growth despite the spiking government debt, adding twists to the government's debt reduction efforts.
Near-term disaster averted, long-term problems remain Negotiations over the so-called “fiscal cliff” went down to the last possible moment before congressional policymakers finally approved legislation that voided sizable tax increases and spending cuts that would almost certainly have tipped the economy into recession.
The U.S. House of Representatives passed a Senate bill on Tuesday night, giving the final congressional approval to the bipartisan compromise to avert the "fiscal cliff."
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