Budget tight, deficit high
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Bush's $2.5 trillion plan would cut 150 programs. Other costs grow.
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The nation's budget deficit will drop to $205 billion in the fiscal year that ends in September, even as a worsening deficit picture for future years makes it more difficult for President Bush to meet his pledge of a surplus by 2012.
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A worsening housing market, including rising foreclosures, has rapidly pushed Fairfax County government into a budget crisis that probably will last several years, pinching spending by hundreds of millions of dollars on schools, public safety and human services, officials said yesterday.
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The federal deficit surged to a record $413 billion in 2004, the Treasury Department announced Thursday, injecting the figure into a presidential campaign in which the two
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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 US Congressional Budget Office (CBO) projected on Tuesday that the federal deficit will hit a record high of 422 billion dollars in fiscal year of 2004 ending on September 30.
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The federal budget deficit inched up in the first quarter of the fiscal year, congressional budget estimators said yesterday, as the growth in tax revenue slowed along with the softening economy.
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The federal deficit will fall to $205 billion in the fiscal year that ends in September, a considerably smaller figure than earlier estimates and one that is less than half of the peak deficit, in 2004, according to new White House projections.
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President Bushâs $3.1 trillion budget would increase military spending and curb the growth of Medicare and Medicaid but raise the federal deficit by nearly $250 billion.
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Gov. Arnold Schwarzenegger unveiled a &#36;111.7 billion no-new-taxes budget Monday and proposed to close an &#36;8.1 deficit by borrowing money and holding the line on spending growth throughout state government.
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The US budget deficit is set to hit a worse-than-expected $368bn this year, excluding war costs.
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GORDON BROWN faces having to raise taxes or cut spending to curb burgeoning public borrowing, the Organisation for Economic Co-operation and Development said yesterday.
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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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The U.S. budget gap expanded to  $412.55 billion in fiscal 2004, marking the Bush  administration's second-straight record deficit, the Treasury  Department said on Thursday.
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The federal deficit will swell to a record &#36;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.
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The nation's budget deficit will drop to $205 billion in the fiscal year that ends in September, less than half of what it was at its peak in 2004
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The federal agency that insures pension plans said yesterday that its deficit, already at the highest in its history, had doubled in its last fiscal year, to $23.