News

Deficit panel recalibrates, seeks more support

WASHINGTON (Reuters) – A presidential panel on balancing the U.S. budget on Wednesday revised its fiscal austerity plan with deeper spending cuts and a more flexible tax code overhaul, hoping to draw broader political support. Read more

Berlusconi in focus on Clinton’s WikiLeaks tour

ASTANA (Reuters) – Secretary of State Hillary Clinton has done a lot of explaining to foreign leaders after the embarrassing Wikileaks release of U.S. embassy cables — but few needed as much placating as Italy’s Silvio Berlusconi. Read more

U.S. says sanctions cost Iran investment, banking access

WASHINGTON (Reuters) – Iran is finding it increasingly difficult to access the financial services it needs to run its economy and may lose up to $60 billion in energy investments due to global sanctions, U.S. officials said on Wednesday. Read more

Citi near hiring ex-White House budget chief: report

NEW YORK (Reuters) – Citigroup Inc is in advanced talks to hire former U.S. budget director Peter Orszag in its investment banking unit, Bloomberg reported Tuesday night, citing people with knowledge of the matter. Read more