French econ min Macron: govt needs to cut spending for fiscal consolidation

(Reuters) - French Economy Minister Emmanuel Macron said on Tuesday the government has to take steps to make public debt more sustainable by cutting government expenditure.

US grows at annual rate of 3.5% in third quarter

The US economy grew at an annual rate of 3.5% in the July-September quarter, the Commerce Department has said.

Irish Economy Returns to Growth With 2.7% Surge

Ireland’s economy returned to growth in the first quarter as pressure mounts on Prime Minister Enda Kenny to ease austerity after years of spending cuts and tax increases.

UK tax system is 'punishing success' says Institute for Fiscal Studies

Forcing Britain’s highest earners to foot a greater share of the nation’s tax bill is putting the Government’s long-term finances at risk, a leading economic think tank has warned.

U.S. economic growth stronger than thought

The U.S. economy grew significantly faster than thought in the second quarter, which may help convince the Federal Reserve to start unwinding its stimulus program sooner rather than later.

Abe Recovery Pits Graduate Jobs Against Senior Savings

In the heart of Tokyo on a March afternoon, Akitsugu Yamamoto, clean-cut and clad in a dark business suit, is looking for a job at an employment agency whose name translates as New Grad Hello Work.

China premier says little room for policy stimulus - media

BEIJING: China has limited room to use government spending and policy stimulus to boost its economy, China Premier Li Keqiang was quoted as saying on Wednesday, dashing hopes among some investors that Beijing may take steps to foster growth.

Thousands of Israelis march against austerity budget

ISRAEL: Thousands of Israelis marched late Saturday to protest against an austerity budget due for cabinet debate on Monday, which is expected to raise income tax and VAT while also slashing government spending.

US Federal Reserve's George says hopes US bond buying can be reduced

JACKSON: The Federal Reserve should scale back US bond purchases to reduce the risks of continuing to expand its balance sheet, a senior central banker said on Friday, noting that the Fed's last statement explicitly stated it could vary the pace of buying.

Japan election may ease economic gloom

HONG KONG (CNNMoney) -- Japan's prime minister dissolved the lower house of parliament Friday to avoid a disastrous freeze in government spending, triggering elections that could result in more aggressive policies to stimulate the country's economy.

Fed's Williams says U.S. must get fiscal house in order

SAN FRANCISCO (Reuters) - The United States must trim the deficit and control the national debt, but take care not to jeopardize the recovery by moving too fast or cutting critical areas of government spending, a top Federal Reserve official said on Monday.

German Economy Confirmed to Have Grown Slightly in Q2

German economic growth in the second quarter was confirmed at 0.3% (seasonally adjusted), confirming an initial estimate released last week.

West Bank high life masks deepening economic crisis

RAMALLAH, West Bank (Reuters) - Past the Israeli sentry towers blackened by firebombs and the entrance to a refugee camp emblazoned with posters of rifle-clenching militants, downtown Ramallah sparkles.

Brussels, Berlin tell Europe to stick to austerity

BRUSSELS (AP) — Germany and the European Commission on Tuesday called on EU nations to stick to their promised budget cuts despite mounting voter discontent, but promised some new efforts to boost growth to alleviate economic hardship.

How to Swap the Obama Budget for an Optimistic Economic Growth Agenda

New spending in President Obama’s $3.8 trillion fiscal year 2013 budget would increase investments in education, manufacturing and R&D, transportation projects, electric vehicle incentives and the like.