US deficit cuts needed as Japan, Europe target growth
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WASHINGTON (CBS.MW) -- The world&#39;s leading economies should take advantage of a benign global economic outlook to strengthen their domestic economies, said a senior official of the International Monetary Fund.
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Berlin - The United States (US) Treasury Secretary John Snow has flown into Berlin at the weekend on a budget flight - and pledged to cut the US deficit in half.
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The OECD revised the growth projections for its major members. The growth of the US economy this year is likely to be 4.3 percent, instead of an earlier forecast of 4.7 percent, it said.
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US Treasury Secretary John Snow said on Wednesday that cutting a record budget deficit was a top priority for the second-term Bush administration and challenged Europe
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Top forecasters cut their outlooks for U.S. growth this year and next but said inflation seems to be leveling off and consumer spending should strengthen in the months ahead, a survey out on Friday showed.
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Euro zone finance ministers on Tuesday  stepped up pressure on the United States to show its strong  dollar policy was more than just rhetoric, asking it to slash  budget and trade deficits that undermine the dollar.
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Japan and Germany need to do more to help stimulate the world economy, a United Nations report warns.
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Prospects for the global economy next year are growing dimmer as high oil prices hurt consumption and the unchecked rise in the United States trade deficit depresses the dollar
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US Treasury Secretary John W. Snow began a European tour yesterday, aiming to highlight the need for stronger economic growth in Europe as Washington tries to blunt criticism over massive
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Investors' appetite for U.S. assets  will eventually dwindle and the United States must reduce its  budget deficit to prevent major economic damage, Federal  Reserve Chairman Alan Greenspan said on Friday, in remarks that  hit the dollar hard.
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The economic outlook for the United  States and Japan weakened slightly in October, but prospects  for the Eurozone improved slightly, according to an early  warning indicator issued by OECD on Friday.
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TOKYO: Japan outlined plans on Monday to cut spending and curb ballooning bond issuance in next fiscal yearâs budget, but worries over massive state debt remained due to an ageing population and a weaker economic outlook.
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LONDON : US Treasury Secretary John Snow acknowledged that big US deficits are playing a role in global economic imbalances, but cited a &quot;shared responsibility&quot; to fix the problems.
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The U.S. economy is slowing but the  outlook is benign, while Japan is poised for its longest  post-war growth spell, OECD chief Angel Gurria said on  Thursday.
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Continued robust expansion in developing countries will help offset a slowdown in the United States this year amid concerns of a possible recession in the world's largest economy
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The economic outlook for the United States and Japan weakened slightly in October, but prospects for the Eurozone improved slightly, according to an early warning indicator issued by OECD on Friday.
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U.S. Treasury Secretary John Snow said on Sunday he assured members of the Group of 20 nations that Washington will slash deficits they blame for a falling dollar and repeated his call for stronger European growth.