Fuzzy outlook, deficits could trip Bush economic plans: analysts
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With the outlook fuzzy and the US economy saddled by big deficits, President George W. Bush will face a tough road implementing his ambitious economic agenda in a second term, analysts say.
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Prospects for the global economy next year are growing dimmer as high oil prices hurt consumption and the unchecked rise in the United States trade deficit depresses the dollar
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New U.S. economic data on Friday did  little to answer questions about the sustainability of global  economic growth, offering a mixed picture that left markets in  a generally bearish pattern.
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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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WASHINGTON - The federal deficit will swell to a record $422 billion this election year but fall short of even more dire forecasts, Congress' top budget analysts projected Tuesday in a report that became instant fodder for both political parties.    The nonpartisan Congressional Budget Office said the shortfall would shrink to $348 billion next year - still the third worst ever in dollar terms...
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The worst of the housing slump might be over, although some pain is likely to linger, an adviser to President Bush suggested Tuesday.
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Top forecasters cut their outlooks for U.S. growth this year and next but said inflation seems to be leveling off and consumer spending should strengthen in the months ahead, a survey out on Friday showed.
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The White House on Wednesday is expected to project a U.S. budget deficit for this year of just over $200 billion, down from prior estimates because of strong tax receipts, Republican sources said.
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WASHINGTON -- A White House-picked parade of specialists lauded President Bush's policies at an economic summit yesterday, but some peppered their praise with warnings that the economy could tumble unless the White House comes up with viable plans to overhaul Social Security and halve the deficit.
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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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It promises an end to deficits and a smaller bite from defense spending by 2012, but some analysts question such forecasts.
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The economy is growing. Tax revenues are climbing. But can these factors rescue President Bush from a federal deficit that seems stuck above $400 billion?
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CRAWFORD, Texas  - Facing record budget deficits,  the Bush administration likely will turn to short-term  government borrowing to help finance its plan to add personal  retirement accounts to Social Security, officials said on  Saturday.
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The White House on Friday projected a slightly lower growth rate for the US economy of 3.5 percent in 2005, but cast the outlook as sound for a year in which it
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The latest deficit projections from the Congressional Budget Office forecast a sea of red ink that will only deepen under plans to jump-start the economy with tax cuts and government spending.
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The White House will estimate on Wednesday that the U.S. budget deficit for fiscal year 2007 will come in at $205 billion, a drop from last year, a U.S. official said.
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The Bush administration will seek to slash government spending next year, U.S. Treasury Secretary John Snow said on Sunday, but he was less specific than the president in predicting how quickly the deficit would fall.