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Britain's Chancellor of the Exchequer Jeremy Hunt walks at Downing Street in London

UK's Hunt delays 'properly tough' budget decisions: IFS

British finance minister Jeremy Hunt appears to have delayed the "properly tough" decisions needed to balance the public finances, possibly in the hope of an economic upturn that will reduce the need for a painful squeeze, a think-tank said.
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Illustration shows U.S. dollar banknotes

Dollar on track for weekly gain as Fed pushes back on pivot

The dollar was headed for its best week in a month on Friday, as hawkish remarks from Federal Reserve officials and stronger-than-expected retail sales data have put the brakes on a pullback that was triggered by signs of softening inflation.
Britain's Chancellor of the Exchequer Jeremy Hunt walks at Downing Street in London

More Britons to pay top income tax rate in budget squeeze

More Britons will pay the top rate of income tax under government plans announced on Thursday to freeze allowances and lower the level at which people start to pay the highest rate as part of measures to stabilise public finances.
U.S. House of Representatives votes on Trump impeachment on Capitol Hill in Washington

U.S. House Speaker Pelosi to address her future on Thursday

Democratic U.S. House Speaker Nancy Pelosi was expected on Thursday to announce whether she will retire from Congress or seek another term as party leader, after Republicans were projected to have won majority control of the chamber in last week's elections.
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