Budget Year Starts $57.29 Billion in Red
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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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Plan anticipates flood of new red ink that will rival the record deficits of his first term, officials say.
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With the new budget year only weeks away, the House has passed a &#36;142.5 billion spending bill that funds some 500 education, health and job training programs.
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WASHINGTON -- The deficit for the first five months of the budget year is down sharply from a year ago as the growth in government tax collections continues to outpace growth in spending.
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The House, in a bipartisan 344-51 vote, approved a $388 billion spending bill funding much of the federal government. The figure is 2 percent less than the same programs got last year.
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President Bush and John Kerry began October neck and neck in campaign cash, each with just under half of the &#36;75 million in government money they received to cover campaign costs.
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The governing Labour Party said Tuesday it was 25 million pounds (37 million euros, 51 million dollars) in the red, despite cutting two million pounds off its debts last year.
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The US budget deficit expanded to a record $413 billion in the 2004 fiscal year, according to revised numbers, the Treasury Department said Thursday.
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The budget deficit for the current budget year will jump to about $250 billion, the Congressional Budget Office estimated Wednesday, citing the weakening economy
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President Bush burned through more than half of his &#36;75 million government grant to cover his general-election campaign costs in September, leaving him with just under &#36;37 million left for the final month before the Nov. 2 election.
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The U.S. House of Representatives on  Wednesday approved a $463.5 billion funding bill to keep the  government running this year, while adding money to care for  veterans wounded in Iraq and stepping up the global struggle  against HIV/AIDS.
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SACRAMENTO, Calif.  - California Gov. Arnold  Schwarzenegger on Monday proposed a $112 billion state budget  for the coming fiscal year that limits spending and avoids tax  hikes to plug a shortfall of over $9 billion.
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This Chapter of the video discusses the increased budget from the US government from $200 million to $15 billion in 2003 and again to $30 billion in 2007. Ambassador Hope advises that it is too big of a problem for a small solution.
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Lawmakers unveiled a $500 billion-plus catchall spending bill Sunday, reluctantly sticking within President Bush's budget but still protecting politically sensitive domestic programs from White House cuts.
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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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The federal deficit of the US government hit a record high of 436.9 billion US dollars in the first 11 months of fiscal year of 2004 which will end in this month, the Treasury Department reported on Monday.
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President Bush unveiled a $2.9 trillion budget Monday that rewards the Pentagon with a record $50 billion budget hike but pinches programs cherished by Democrats, including health research and heating subsidies for the poor.