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US deficit to approach $1tn after Trump tax cuts and spending bill: CBO

ThecombinedeffectsofDonaldTrump’staxcutsandlastmonth’sbudget-bustingspendingbillissendingtheUSbudgetdeficittowardthe$1tnmarknextyear,accordingtoanewanalysisbyth

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U.S. Congress approves $1.3-trillion spending bill, sends to Trump

TheUSSenatejoinedtheHouseofRepresentativesearlyonFridayinpassinga1.3trillionUSdollarsgovernmentfundingbill,sendingittoPresidentDonaldTrumpforenactingintolaw.Wit

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China to increase 2018 defense budget by 8.1 percent

Chinawillraiseitsdefensebudgetby8.1percentin2018,accordingtoabudgetreporttobesubmittedtothenationallegislatureMonday,upfromlastyear's7percent.The2018defensebudg

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India to spend 12 pct budget on defense in 2018-19: report

India'sdefensebudgetwilltakeup12.1percentofitsannualspendingin2018-19,anyearlyincreaseof6percent,localmediareportedThursdayquotingtheFinanceMinistry.About66perc

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With elections coming up, Modi gov't aims to woo rural voters in budget

India’sgovernmentwillbetryingtowoobackruralvotersandsmallbusinesseswhenitannouncesthe2018/19budgetonThursdayandpickupeconomicmomentumasitheadsintoaseasonofelect

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EU's Juncker: Don't believe Brexit won't happen

EuropeanCommissionchiefJean-ClaudeJunckersayshebelievesBrexitwillgoaheadandtheEUshouldtackleitsloomingbudgetshortfall."Don'tbelievethosewhosaythatit'snotgoingto

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UN General Assembly approves 5.4-bln-USD budget for next two years

Concludingthemainpartofits72ndsession,theUnitedNationsGeneralAssemblySundaytookanumberofkeyactions,includingapprovingaUNprogrambudgetofnearly5.4billionU.S.dolla

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US to make at least $285m cut to UN budget after vote on Jerusalem

TheUSgovernmenthasannouncedsignificantcutsinitsUnitedNationsbudgetobligationsfor2018-19inwhatwillbeinterpretedasafurtherratchetingupofpressurefromtheTrumpadmini

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Tokyo 2020 unveils budget cuts

Tokyo2020organisersFridayunveileda"significant"cutintheirbudgetforhostingthegames,asthecitycomesunderpressuretokeepalidonspirallingcosts.Theoverallgamesbudgetno

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US Congress passes stopgap funding to avert government shutdown

TheUSCongresspassedafundingstopgapThursdaythatavertsagovernmentshutdownandprovideslawmakersandUSPresidentDonaldTrumpwithtwoweeksofbreathingroomtostrikeabudgetde

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U.S. Congress passes 2-week spending bill to avert gov't shutdown

TheUSCongresspassedafundingstopgapThursdaythatavertsagovernmentshutdownandprovideslawmakersandUSPresidentDonaldTrumpwithtwoweeksofbreathingroomtostrikeabudgetde

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Analysis: British budget labeled "cautious"

TheautumnbudgetfromBritishChancelloroftheExchequerPhilipHammondwaslabeled"cautious"byexperts.HammondunveiledtheprincipalbudgetforthecomingyearonWednesdayagainst

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France, five others risk breaking deficit rules: EU

TheEUwarnedWednesdaythatFranceandfiveothercountrieswereatriskofbreachingthebloc'stoughpublicspendingrules,addingtothepressureonPresidentEmmanuelMacrontopushthro

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Sri Lanka’s Finance Minister presents budget for 2018

ByAPDWriterEaswaran COLOMBO,Nov.9(APD)–SriLanka’sFinanceMinisterMangalaSamaraweerapresentedthebudgetfor2018toParliamentonThursday.Inthebudget,thegovernmenthaspr

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US Senate passes budget blueprint key to Trump tax effort

USPresidentDonaldTrump'sdrivetooverhaultheUStaxcodeclearedacriticalhurdleonThursdaywhentheSenateapprovedabudgetblueprintforthe2018fiscalyearthatwillpavethewayfo

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Russia's budget deficit slashed in 9 months

RussiaslasheditsbudgetdeficitintheperiodJanuarytoSeptemberbyover16percentcomparedtothesameperiodlastyear,theRussianFederalTreasurysaidonMonday.Thebudgetrevenuea

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French gov't unveils budget of "economic transformation" for 2018

FrenchPresidentEmmanuelMacron'sgovernmentonWednesdaypresenteditsfirstbudgetwithbillionsofeuroscutinpublicspendingandtaxes.Thedraftbudget,presentedbytheFrenchmin