For the U.S., a Big Deficit and Little Time to Come Back
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Europe will enter the 12 singles matches Sunday holding a 11-5 lead and needing to finish with only 14 points to retain the Ryder Cup.
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The US is in an exceptionally difficult situation, with the economy on the brink of recession and limited scope for policymakers to ride to the rescue.
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The United States and its major economic allies struggled yesterday to resolve deep differences over how best to relieve the heavy debt burden for Iraq and the world&#39;s poorest countries.
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ANN ARBOR, Mich.  - U.S. budget deficits pose a  problem for both the domestic and world economies, but there  seems little political will to fix them, Federal Reserve Board  Governor Edward Gramlich said on Saturday.
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Budget impasses and growing deficit raise concern about long-term economic growth and retiree benefits.
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SEEING RED: The government deficit is so big that the just-passed &#36;388 billion bill financing almost every federal agency in 2005 could be eliminated and there would still be red ink.
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A year ago, the housing market was cooling, interest rates were on the rise and the conventional wisdom was that 2006 would be the year that the U.S. economy sputtered. One could be forgiven for thinking that the Washington regional economy would slow down after a blistering three years.
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The long-term economic health of the United States is threatened by $53 trillion in government debts and liabilities that start to come due in four years when baby boomers begin to retire.
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The world still moves in file with the US, but how badly it suffers in a coming slowdown may depend on how long it lasts
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The deficit jumped by 9.3 percent, to $63.1 billion, the government said, reflecting record oil imports. The deficit with China declined while the weak dollar lifted exports to a record high.
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Surging corporate profits -- and another big increase in corporate tax collections -- will shrink the federal budget deficit to its smallest number in five years, according to new White House estimates, which show the deficit falling to $205 billion in the fiscal year that ends in September.
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The US has taken a decisive turn to the (extreme?) right on foreign policy and social issues. What about the economy? A Republican President presides over a spiralling fiscal deficit.
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The U.S. government began fiscal  2005 with a budget shortfall, right after posting a record  $412.28 billion budget gap for all of the 2004 budget year, a  report on Wednesday showed.
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WASHINGTON - The Congressional Budget Office projected Tuesday that this election-year's federal deficit will hit a record $422 billion, a shortfall that would be smaller than analysts predicted earlier this year.    The estimate by Congress' nonpartisan budget experts immediately provided political fodder for both parties in the final two-month stretch of the presidential and congressional campaigns...
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The US fiscal and current account deficits, and low interest rates, are driving the greenback down against other currencies but it is difficult to predict how fast and far it will go, Bank of Canada Governor David Dodge said on
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Henry M. Paulson Jr. faced three days of criticism and concern that the United StatesÂ fiscal and current-account deficits were casting a shadow over the global economy.
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The U.S. trade deficit narrowed in  December as oil import prices had the biggest decline in nearly  14 years, while first-time claims for jobless benefits fell to  the lowest level in more than 4 years.