Record $422-Billion Deficit Projected
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Description: The federal budget deficit will hit a record $422 billion this year, according to new projections from the Congressional Budget Office.
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Over the next 10 years, the nation&#39;s cumulative budget deficit will soar to $2.3 trillion, the CBO projected. And if President Bush succeeds in making his tax cuts permanent, as he&#39;s vowed to do if re-elected, the 10-year deficit could top $4 trillion.
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The federal agency that insures pension plans said that its deficit, already at the highest in its history, had doubled in its last fiscal year, to $23.3 billion.
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Next month, the White House and its congressional allies will be taking victory laps when the deficit for fiscal 2006 is announced. The stated deficit for the year, which ends Sept. 30, will be $260 billion or so. That will be down $58 billion from 2005 and a whopping $77 billion below what the...
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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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a deficit of $54 billion -- represented a 6.9 percent widening from July&#39;s trade gap of $50.5 billion. The bad news on trade is likely
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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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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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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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WASHINGTON -- 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 parties have clashed over President George W. Bush&#39;s management of
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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 broadest measure of the country's trade and investment flows registered a record deficit of $164.7 billion in the third quarter.
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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 Bush today unveiled a tough-minded, $3 trillion budget proposal for fiscal 2009 that would slice $14.2 billion from the growth of federal health-care programs, eliminate scores of programs and virtually freeze domestic spending -- but would still record a $407 billion budget deficit.
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The U.S. budget deficit expanded to  $412.55 billion in the 2004 fiscal year, making the Bush  administration's second-straight record fiscal gap, the  Treasury Department said on Thursday.
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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 U.S. budget deficit will balloon  to $2.29 trillion over the next decade, congressional analysts  said on Tuesday, a worse outlook than previously forecast and  one likely to stir election-year debate about President Bush's  economic policies.