Trillion | featured news

A Republican plan for the 2012 budget would cut more than $4 trillion over the next decade, more than even the president s debt commission proposed, with spending caps as well as changes in the Medicare and Medicaid health programs, its principal author said Sunday.

President Barack Obama is sending Congress a $3.73 trillion spending blueprint that pledges $1.1 trillion in deficit savings over the next decade through spending cuts and tax increases.

The United States just passed a dubious milestone: Government debt surged to an all-time high, more than $14 trillion....

Credit Suisse has published a report that tries to quantify the scale of hidden, or unreported, income in China. The bank sponsored Professor Wang Xiaolu of the China Reform Foundation for this report, his second study of China’s grey income and income distribution.

The new estimates paint a grim unemployment picture as the economy experiences a relatively jobless recovery.

Administration estimates record-setting amount will drop to $1.3 trillion in 2011; Obama's proposed $3.8 trillion budget focuses on economy.

The US budget deficit more than tripled to a record $1.4 trillion in the year to 30 September, the US Congress estimates.

The president's outline of his proposal boosts federal spending to a record level.