Deficit at U.S. Pension Agency Soars to $23.3 Billion
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The deficit at the federal agency  that rescues failed U.S. pension funds more than doubled to  $23.3 billion in fiscal 2004, officials said on Monday, as the  safety net was hit by losses from pension plans that have  failed or are expected to fail.
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The federal deficit surged to a record &#36;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 Bush's management of the economy and the budget.
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The U.S. government posted a &#36;57.88 billion shortfall between receipts and outlays in the month of November, exceeding its year-ago monthly budget gap, the Treasury Department said on Friday.
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TORONTO (CP) - A significant number of seniors are being shortchanged by the Canada Pension Plan, with the estimated underpayments totalling about &#36;1 billion, says a new report released Monday.
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The District government has achieved a budget surplus of more than $300 million for the third year in a row, thanks to higher-than-expected revenues and lower-than-expected spending last year, city officials announced this morning.
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The surplus hit $22.5 billion, up 73 percent from last May, the Chinese customs agency said Monday on its Web site.
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WASHINGTON - The Bush administration said in a report yesterday that Social Security is facing a $13.6 trillion shortfall in coming years and that delaying reforms is not fair to younger workers.
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The U.S. government agency that  insures corporate pensions will run out of money in 2020 if  current financial conditions persist, imperiling the checks of  millions of retirees, a new independent study shows.
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Struggling under a cascade of bankruptcy filings in the airline and steel industries, the government's pension insurance agency said Monday that its deficit has more than doubled in the past year -- to $23.3 billion.
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The surplus in February was $23.76 billion, a statistic that is likely to add to tensions with the United States.
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The current account deficit of the United States hit a record high of 164.7 billion US dollars in the third quarter of this year as a result of increasing demand for imported
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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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Yukos has paid three-quarters of its total tax debt of $3.4bn (Â£1.91bn; 99bn roubles) for 2000, the Interfax news agency has reported.
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The federal government, running record budget deficits over the past two years, is projecting that it will have to borrow a record $147 billion in the first three months of 2005, the Treasury Department announced Monday.
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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 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 deficit in the broadest measure of trade climbed to a record high of &#36;164.7 billion in the third quarter of this year, reflecting Americans' hardy demand for imported oil and foreign-made goods.