IMF's Rato says US should cut budget deficit
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The United States should cuts its fiscal and trade deficits, while Europe and Japan should take steps to boost economic growth, IMF managing director Rodrigo Rato revealed.
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President George W Bush asks for sweeping cuts to lower the US deficit as he sends his 2006 budget to Congress.
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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 managing director of International Monetary Fund said large economic imbalances caused in part by AmericaÂs trade deficit with China and others are a threat.
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Economic slowdown in the United States  will be significant and will last for some time, the head of  the International Monetary Fund said on Monday, calling for a  coordinated response to financial turmoil around the world.
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Russia's economy threatens to overheat and monetary policymakers should shift their focus from producing dramatic growth figures to implementing anti-inflation measures, IMF director general Rodrigo Rato said on arrival to Moscow.
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President Bush on Monday will  propose a $2.5 trillion budget that cuts scores of domestic  programs, from housing to environmental protection, in a bid to  show he is serious about reining in deficits that have  ballooned under his watch.
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BRUSSELS, Belgiumââ A top European Union official urged the United States on Monday to curb its deficits to help bolster the sagging dollar amid fears a strengthening euro would stifle EuropeÂ´s fledgling economic recovery.
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WASHINGTON (CBS.MW) -- IMF Managing Director Rodrigo Rato said Thursday that the global economy is in a sweet spot but faces many challenges to keep it going.
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IMF Managing Director Rodrigo Rato sees  world economic growth of "around 4.6 percent" in 2004 and 2005,  according to an interview published in a Spanish newspaper  interview on Friday.
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Robust US economic growth will likely continue into 2005, but authorities should cut the budget deficit to reduce the risk to growth, International Monetary Fund Managing Director Rodrigo Rato said.
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President Bush's budget, sent to Congress on Monday, proposes cuts in domestic spending in an effort to tackle the ballooning budget deficit.
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IMF Managing Director Rodrigo Rato sees  world economic growth of around 4.6 percent in 2004 and 2005,  according to an interview published in a Spanish newspaper on  Friday.
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Business & money: West's leading economics thinktank calls for  immediate cut in US interest rates.
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President George W. Bush will estimate that the U.S. budget deficit for fiscal year 2007 will come in at $205 billion, a drop from last year, U.S. administration officials said on Wednesday.
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Antigua needs to implement an aggressive reform program to break years of fiscal mismanagement and lift itself out of deep debt, the International Monetary Fund said Friday.
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Trimming bulging deficits that threaten the US economy should be a priority for a second-term Bush administration, analysts say, but a commitment to a tax-cutting agenda may thwart the effort.