The IMF Estimates That The Global Economy Enters Dangerous Phase

WASHINGTON (AP) - Senior officials from global finance and resolutely committed to working in a coordinated way to deal with a crisis of European debt and other dangers facing the world economy.

IMF Committee said that the policy setting economy has entered a dangerous new phase. Panel said the situation closely and will take bold steps quickly is crucial.

Officials say they are encouraged by the willingness of the 17 nations that share the euro to do what is necessary to resolve the debt crisis of Europe.

Read More

U.S. Economy: New Obama Plan To Tax The Rich

U.S. President Barack Obama is planning to have a higher minimum rate for the wealthiest Americans so that they are taxed at the same speed as the poor.

White House officials said Obama would give the details of his proposal on Monday when he reveals his long-term plan to reduce the budget deficit.

Reports say that the proposal is called the rule of Warren Buffett, billionaire investor Warren Buffett after.

Mr. Buffett said holes means more wealthy pay relatively less tax.

This is because investment income is taxed at lower rates than wages.

The new tax proposal would affect Americans making more than $ 1 mA years.

Read More

GOP May Be OK To Tax Increases That Obama Wants To Avoid

WASHINGTON (AP) - News flash: Republicans in Congress want to raise taxes. Impossible, right? Republican lawmakers are so bitterly anti-tax, surely they are struggling to avoid the payroll tax will increase by almost every employee begins January 1, is not it?

Apparently not.

Many Republicans who fought the same hammer-and-keep George W. Tong Of the time Bush tax cuts to expire after the plan now says another cut "temporary" tax will end as planned. By their own definition, is equivalent to a tax increase.

Read More

The Vote Of The Senate Of The United States Owes A Great Deal As Deadline Looms

Congresswoman Gabrielle Gifford received a warm welcome to the House of Representatives

United States Senate is a vote for Bill to increase the nation's debt limit, the day after the House of Representatives has supported, and an hour before the deadline.

Monday's vote in Parliament seems to have avoided the prospect of the first full scale U.S. federal debt default.

The members of the 100-seat Senate debated the legislation on Tuesday morning. If the project is approved, is signed into law by President Barack Obama.

The agreement binds an increase in debt $ 2.4tn (£ 1.5tn) cuts.

The Senate vote will take place almost 12 hours before Washington is due - according to the U.S. Treasury Department - would cease to be able to answer all their bills.

Senators have begun discussions on the legislation Tuesday morning.

Before the vote in the Senate, praised the Republican leader, Mitch McConnell, the direction of the legislation, saying, "Congress engaged in an important debate" over the last few weeks.

"Push-and-pull people saw in Washington this week has not been bottled, it was the will of the people who work outside," said McConnell.

Read More