Charest says fiscal imbalance holding back modernization of federal system
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CHARLOTTETOWN (CP) - Quebec Premier Jean Charest says the fiscal imbalance between Ottawa and the provinces is one of the major impediments to a much-needed renewal of Canada's federal system.
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Record deficits are threatening our economy and future generations, but neither Bush nor Kerry are addressing that reality. Election seasons rarely produce much honest talk about budgets and taxes, but the
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Federal Reserve's regional survey doesn't support the view that a recession is in the cards.
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A top Republican lawmaker on Social  Security issues on Sunday called the retirement system's  finances a "problem" rather than a crisis, distancing himself  from the crisis terminology used by the White House in seeking  public support for private accounts.
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Nicolas Sarkozy, French finance minister, found himself outnumbered as he proposed new rules to omit research and development spending from deficit calculations.
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WASHINGTON -- Unless Social Security and Medicare are revamped, the massive burden from retiring baby boomers will place major strains on the nation's budget and the economy, Federal Reserve Chairman Ben Bernanke said Wednesday.
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The U.S. economy is in troubled waters and the Federal Reserve needs to be ready to step in with a helping hand, a top official at the central bank said on Monday.
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Political and fiscal constraints will make it hard for Democratic critics of the presidentâs budget to assert their priorities.
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The treasury secretary questioned whether egulators had âstruck the right balance between investor protection and market competitiveness.â
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With federal deficits already running amok, it is unclear how President Bush will pay for his second-term agenda, a potentially multitrillion-dollar smorgasbord that includes overhauling Social Security and revamping the tax system.
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France's finance minister, a presidential hopeful, says mosques need state funding and it's time for a century-old law banning financing for religious groups to be modernized, according to excerpts of a new ...
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An aging US population will strain public finances and hurt the economy without swift fixes to the social safety net, such as raising the age for
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The Federal Reserve has a difficult task ahead as it seeks to put the U.S. economy on an even keel, the International Monetary Fund said Friday.
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Bank of France Governor Christian Noyer on Sunday urged countries to tighten their public finances and implement reforms to help generate non-inflationary growth.
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The large US current account deficit is a matter of concern, and policy changes are needed to address existing global imbalances, International Monetary Fund Managing Director Rodrigo de Rato said.
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France must learn to work harder and rein in its &quot;excessive&quot; public sector if it is not to sink into irreversible economic decline, a committee of experts led by former IMF chief Michel Camdessus warned the government.
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QUEBEC (CP) - As Premier Jean Charest prepares for a trip to Mexico with French Prime Minister Jean-Pierre Raffarin, at least one federalist insists the trip will weaken Canada and its image on the international stage.