David Cameron warns of more cuts – (many, many more, adds IFS)

Get ready for more cuts. That was the message delivered by David Cameron to the CBI’s annual conference when he warned that more savings would have to be found in the next parliament. Just how big those savings will need to be is still a matter of conjecture.

Canada’s Oliver Eases Austerity Push as G-20 Gathers

Some Group of 20 countries may need more breathing room to meet their deficit targets with the global economy struggling to pick up steam, Canadian Finance Minister Joe Oliver said.

Argentina’s Peso Weakening at Fastest Pace Since January

First came the default, then a proposed debt swap aimed at circumventing a U.S. court ruling that could normalize Argentina’s relations with foreign investors.

U.S. Economic Recovery Looks Distant as Growth Lingers

WASHINGTON — Recessions are always painful, but the Great Recession that ran from late 2007 to the middle of 2009 may have inflicted a new kind of pain: an era of slower growth.

A new year of worries about the world economy

As the year that saw the world's strongest economy brought to the precipice of a default comes to a close, many wonder if 2014 promises any more stability.

Senate to vote on restoring jobless benefits to 1.3 million Americans

The Senate was poised for a crucial vote to temporarily restore long-term unemployment insurance on Tuesday, despite arctic conditions preventing some legislators from making it to Capitol Hill.

A Public Works Boom in Japan Has Echoes From the Lost Decade

SAGA, Japan — The bulldozers started up with a rumble this year in this bucolic corner of southern Japan, unleashing a construction frenzy — and a sinking feeling of déjà vu.

US growth falls short of forecasts, weakness ahead

WASHINGTON: The US economy regained speed in the first quarter, but not as much as expected, heightening fears it could struggle to cope with deep government spending cuts and higher taxes.

Big US budget cuts begin as both sides trade blame

WASHINGTON: President Barack Obama and congressional Republicans have refused to concede any share of the blame for failing to stave off automatic spending cuts that will slash $85 billion in federal spending.

Obama digs in heels, refuses to negotiate debt ceiling

WASHINGTON (Reuters) - President Barack Obama on Monday rejected any negotiations with Republicans over raising the U.S. borrowing limit, accusing his opponents of trying to extract a ransom for not ruining the economy in the latest fiscal fight.