FTPortfolios.com
This week, the White House will revise its fiscal year 2006 budget deficit estimate to roughly $300 billion, a significant reduction from its January forecast of $423 billion. This will continue the White House’s pattern of very conservative estimates.Our calculations suggest that the federal budget deficit this year will be approximately $260 billion. This is […]
CNN
Japan said Monday it was considering whether a pre-emptive strike on the North’s missile bases would violate its constitution, signaling a hardening stance ahead of a possible U.N. Security Council vote on Tokyo’s proposal for sanctions against the regime.While Japan talked of sanctions, China — North Korea’s top ally and benefactor — pressed ahead with […]
CNN.com
Iran’s nuclear negotiator Ali Larijani said Thursday in Brussels that his country is “serious” about talks with the European Union on its nuclear program, according to the EU press office.But the Iranian official, who spoke before attending a working dinner with European Union foreign policy chief Javier Solana, did not provide a response to the […]
NPR:
New York’s highest court ruled Thursday that the state constitution does not require the recognition of gay marriage, rejecting arguments by same-sex couples who said state law violates their constitutional rights.The Court of Appeals in a 4-2 decision said New York’s marriage law is constitutional and clearly limits marriage to between a man and a […]
