U.S. Treasury says revenues are running at a record high so far this year thanks to higher taxes and an improving economy.

Supplementary government budget aims to boost overall growth by creating jobs and supporting smaller businesses.

Premiers want the eurozone to focus on economic growth in order to reduce youth unemployment and stabilize the banking system.

In the debt-laden euro zone countries of Spain, Greece, Italy and France people took to the streets to demand jobs and an end to years of belt-tightening.

Workers stage May Day protests across Europe. Blouin Business: Worn-down Europe drifts away from austerity

Madrid will likely get another year to bring its budget deficit down to E.U. limits by 2016, the European Commission said.
Worn-down Europe drifts away from austerity

Leading officials at odds as Merkel says Germany needs higher interest rates. | Worn-down Europe drifts away from austerity

Many countries hit hardest by financial crisis saw deficits rise.

At least five western countries have suspended aid after allegations that $13 million of such money was stolen.