Borrowing figures add up to a political headache for the government

Whitehall fears voters will make an irrevocable judgment that George Osborne has failed to deliver on his economic pledgesWestminster will be working itself into a familiar frenzy when David Cameron embarks on his first substantive ministerial reshuffle early next month.Downing Street knows that the excitement of new faces walking to No 10 for their first […]
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Obama’s election-year budget – as it happened

President Barack Obama’s election year budget called for tax increases on the wealthy to support new spending on infrastructure projects. Read below for coverage as it happened• Read our main Obama budget news story here5pm: That’s it for today – here’s a summary of the main events, and you can also read our main news […]
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US mortgage lenders ‘close to $19bn foreclosure settlement’

US president Barack Obama could announce a deal – the largest multi-state agreement since the 1998 tobacco settlement – in Tuesday’s state of the union addressThe US’s five largest mortgage lenders are close to signing off on a massive settlement over deceptive foreclosure practices that drove people out of their homes, according to government officials.The […]
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