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They have to wake up computer parts that have been sleeping in space for more than 18 years. On Wednesday, the National Aeronautics and Space Administration will start a complicated remote-control fix of a major glitch that stopped the telescope from...
Tags: Hubble Space Telescope, budget deficit, NASA, New Zealand
Treasury yesterday foiled market attempts to push Treasury bill rates higher by awarding only a quarter of its planned P5-billion offer of short-tenored debts. At yesterday’s auction, the Treasury rejected bids for the 91-day T-bill, after the rates went...
Tags: Eduardo Mendiola, Treasury, rejected bids, budget deficit, treasury bills, deputy treasurer, treasurer eduardo
Tan yesterday said. "The market is very uncooperative right now," Mr. Tan told reporters, adding the debt issue remained "an option open to us." With the interagency Development Budget Coordination Committee expecting the fiscal gap to hit P60 billion...
Tags: Bureau of Treasury, p40 billion, treasury bonds, reject bids, budget deficit, borrowing program, debts paper
The country may have a budget deficit of P50 billion ($1.1 billion) this year, lower than a target of as much as P75 billion, if planned asset sales were successful, the finance secretary told reporters. "The best case is P50 billion with the privatization,"...
Tags: budget deficit, Margarito Teves, p50 billion, balanced budget, finance secretary
Economic managers have further downgraded the Philippines' growth forecast this year, saying the country "will not be spared" from the impact of the United States economic slump. �The economic managers have accepted my suggestion to revise the Philippine...
Tags: United States, Philippines, economic growth, US Congress, U.S, bailout plans, economic managers, budget deficit, plans secretary, financial crisis
Treasury bills fell as banks jammed yesterday’s auction, with uncertainty still reigning even as US legislators prepared to vote on a multi-billion dollar rescue plan for troubled financial firms. The six-month T-bill fetched an average of 6.312%, 16.4...
Tags: Bureau of the Treasury, The Treasury Department, p61 billion, fourth quarter, borrowing p61, treasury bills, domestic borrowing, basis points, billion worth, budget deficit
Readers have asked many questions about the financial crisis...Q: How will the soaring budget deficit affect my investments? A: Not positively. "If the budget deficit grows, that means the government has to borrow a lot more money," said Reena Aggarwal,...
Tags: budget deficit
The company, the first major retailer to report results for the period, also boosted its fiscal-year earnings forecast. For the quarter ended July 26, the operator of TJ Maxx and Marshalls posted net income of $200.2 million, or 45 cents a share, up from...
Tags: budget deficit, deficit soared, US Treasury Department, billion deficit, failed banks, economic stimulus, stimulus payments, federal budget
Gov. Arnold Schwarzenegger, butting heads with his own Republican Party, has proposed a temporary 1-cent sales tax increase that would generate billions to help end a bitter budget standoff. Schwarzenegger made it clear in making the proposal to legislative...
Tags: Arnold Schwarzenegger, sales tax, Southern California, schwarzenegger proposed, DMV, tax increase, budget deficit, close budget, cent increase
Coleman ordered more than 100 city jobs cut today in an attempt to head off budget deficits predicted to hit $75 million next year. Sixty jobs that are now unfilled must remain so, the mayor said in a memo to his department directors, and another 42 city...
Tags: Michael Coleman, budget deficit, city jobs, coleman orders