Government may slash spending on foreign travel by ministers and officials and on meetings in five-star hotels as part of austerity measures to cut down on budget deficit in view of the tight econom

President Barack Obama plans to discuss the economy and jobs at lunch on Wednesday with congressional leaders as disputes continue among lawmakers over the US budget deficit.

The president "will have

Britain's youngest Prime Minister in almost two centuries, Mr David Cameron, is so worried about the country's huge budget deficit that he seems to be literally losing hair over it. According to leadi