Congress Sets Federal Deficit Estimate at $442 Billion
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The estimate by Congress' nonpartisan budget experts immediately provided political fodder for both parties.
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Congress is poised to provide $70 billion more for military operations in Iraq and Afghanistan as it adopts a record $448 billion budget for the Pentagon.
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The U.S. budget deficit will hit  $368 billion this year even before war costs are added, the  Congressional Budget Office said on Tuesday, and analysts said  the number shows it would be hard for President Bush to keep  his promise of halving the gap in five years.
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The US budget deficit will balloon to $2.29 trillion over the next decade, a worse outlook than previously forecast according to a new report by congressional analysts, said a congressional source Tuesday.
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The federal budget deficit would have been 69 percent higher than the $162.8 billion reported two months ago if the government had used the same accounting methods as private companies, the Bush administration reported Monday.
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The U.S. government posted a   larger-than-expected $64.61 billion federal budget deficit in   August as outlays for the month were at a record high, a   Treasury Department report showed on Wednesday.
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The record $3.1 trillion budget proposed by President Bush on Monday would produce eyepopping federal deficits, despite his attempts to impose politically wrenching curbs on Medicare and eliminate scores of popular domestic programs.
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The high cost of waging war is expected to swell the US budget deficit to $2.3-trillion (US) over the next decade, including a record $422-billion in the current fiscal year
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As Congress started to digest a new Bush administration request of &#36;80 billion to bankroll wars in Iraq and Afghanistan, its top budget analyst on Tuesday projected &#36;855 billion in deficits for the next decade even without the costs of war and President Bush's Social Security plan.
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The US federal budget deficit for the first four months of the current spending year falls to $42.2bn, figures show.
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The U.S. House of Representatives on Thursday prepared to raise the nation's debt ceiling by &#36;800 billion, taking the new limit to &#36;8.184 trillion.
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The US government budget deficit will be a record 422 billion dollars for the fiscal year to September 30, the Congressional Budget Office said.
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Investor's Business Daily - The monthly federal deficit hit $120 bil in Feb., but was down 26% for the first 5 months of fiscal 2007, the Treasury Dept. said. Receipts totaled $120.3 bil in Feb., while spending was $240.3 bil.
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WASHINGTON - The Congressional Budget Office is projecting that this election-year's federal deficit will reach $422 billion, congressional aides said Tuesday, the highest ever, yet a smaller shortfall than analysts predicted earlier this year.    The figure, provided by aides who spoke on condition of anonymity, is sure to provide political fodder for both parties during the remaining two months of the presidential and congressional campaigns...
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WASHINGTON_ Democrats are blaming President Bush for the record 2004 federal deficit of $413 billion, but Republicans say the figure shows that the economic and budget pictures are brightening.
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President George W. Bush will estimate that the U.S. budget deficit for fiscal year 2007 will come in at $205 billion, a drop from last year, U.S. administration officials said on Wednesday.
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OVERVIEW: In his 2006 budget request of some &#36;2.5 trillion going to Congress on Monday, President Bush will propose holding down growth in defense spending and cutting dollars for some domestic programs to cope with large deficits.