White House predicts 1.2 trillion 2012 deficit amid slow growth
The administration projects a 2012 budget gap of 1.2 trillion dollars marking a fourth straight year of trillion plus deficits under President Obama. Growth is seen at 2.6 percent this year with unemployment around 8 percent, and a fiscal plan aims to trim deficits through tax increases and spending caps.
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Washington
White House
Barack Obama
Obama
U.S
Jeffrey Zients
Congress
OMB
America
Senate Budget Committee
Jeff Sessions
Alabama
Romney
Roanoke
Mitt Romney
Fed
Franklin D. Roosevelt
Jimmy Carter
George H.W. Bush
Unemployment unlikely to fall as slow economy persists
The Commerce Department signals weak growth with a 1.5 percent annual rate in April to June, keeping unemployment around 8.2 percent. Economists warn that even 2 percent annual growth won't yield rapid job gains, while Europe’s crisis and U.S. budget battles restrain recovery and drag on sentiment ahead of the 2012 elections.
MENTIONED IN THIS ARTICLE
Europe
U.S
Commerce Department
Maria Contrera
Boston
New Balance Athletic Shoe, Inc
ATEBank Privatized In No-Cash Takeover
Greece privatizes ATEBank by transferring assets to Piraeus Bank at no cost. Central Bank of Greece states non performing loans and loss assets stay with the state while the rest goes to Piraeus. Several banks showed interest but only Piraeus completed the deal with no cash payment.
MENTIONED IN THIS ARTICLE
Athens
Greece
Atebank
Piraeus Bank
Central Bank of Greece
Futures trading on the Chicago Board of Trade
Futures trading activity occurred on Thursday on the Chicago Board of Trade with traders watching price movements and market activity for key commodities. The report notes ongoing trading activity and interest in futures contracts.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
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Don
Voy
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Tone On
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