CBO Projects $442 Billion Federal Deficit
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WASHINGTON - The federal deficit will swell to a record $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.    The nonpartisan Congressional Budget Office said the shortfall would shrink to $348 billion next year - still the third worst ever in dollar terms...
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WASHINGTON - Democrats are blaming President Bush for the record 2004 federal deficit of $413 billion, but Republicans say the figure shows that the economic and budget pictures are brightening.    The Treasury Department announced the figure Thursday, two weeks after the government's 2004 budget year ended and just 19 days from an Election Day in which Bush's economic and fiscal performance are pivotal issues...
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WASHINGTON - The agency protecting pensions of more than 44 million Americans Monday reported a deficit of $23.3 billion, more than double last year&#39;s record-shattering $11.
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The U.S. current account deficit grew to a record &#36;164.71 billion in the third quarter, less than had been forecast, the Commerce Department said on Thursday.
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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 recovery in corporate taxation has modestly improved the federal government's short-run deficit, but the long-term deficit has only grown worse during the past six months due to government spending, the non-partisan Congressional Budget Office said today.
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The US agency that insures the pensions of 44 million workers said its deficit more than doubled to $23.3 billion this year on the expectation additional company retirement plans will fail.
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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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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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Even though the Congressional Budget Office&#39;s (CBO) September baseline forecast reduced its projection of the 2004 federal budget deficit by more than $50 billion, it offered little hope that substantive progress would be achieved on the fiscal front any
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The US budget deficit will hit a record $422 billion in the fiscal year that ends September 30. Tuesday&#39;s report from the non-partisan Congressional Budget Office says the figure represents the largest gap
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The U.S. budget deficit will hit  $368 billion this year even before war costs are added, the  Congressional Budget Office said on Tuesday, and analysts said  the number shows it would be hard for President Bush to keep  his promise of halving the gap in five years.
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The US budget gap expanded to $412.55 billion in fiscal 2004, marking the Bush administration&#39;s second-straight record deficit, the Treasury Department said on Thursday.
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THE Commerce Department reported today that the United States recorded a $US54 billion ($74.55 billion) trade deficit in August, the second highest level on record.
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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 budget deficit is set to hit a worse-than-expected $368bn this year, excluding war costs.
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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, U.S. administration officials said.