From my understanding, Reuters and Bloomberg have a major lock on economic releases. Each agency has gotten exclusives on reports like Reuters has UK PMI release. Additional services like Dow Jones, Associated Press etc do not even try to compete. I don't believe there is any way to get news in the origin, Bloomberg and Reuters will be the sources.
As for cheaper options: Trade the News (audio service) and other services like it really read off the numbers of Reuters. They are without a contract about $200/month. My advice to you is getting one of these cheaper services need to understand news, trade the news and see how successful you're. Judge your success not on how much you really make, but just how much you COULD make having an additional 1/2-1 next moment.
Hope that this helps a little,