Bush's agenda faces rising budget deficit
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New figures show shortfall reaching $368 billion in fiscal 2005, not counting war costs.
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The Congressional Budget Office is predicting the government will accumulate another $855 billion in deficits over the next decade, excluding the costs of President Bush's Social Security plan and ongoing wars in Iraq and Afghanistan.
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US President George W Bush says his forthcoming budget plans will seek to curb on domestic spending.
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President Bush proposed a &#36;2.57 trillion budget Monday that would erase scores of programs and slice Medicaid, disabled housing and many more but still worsen federal deficits by &#36;42 billion over the next five years.
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President Bush on Monday proposed a &#36;2.57 trillion budget that slashes domestic programs from farm aid to housing grants for the poor, as he sought to curb budget deficits that have soared on his watch.
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President Bushâs budget plan would provide a big boost to defense and protect his signature tax cuts.
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President Bush on Monday will seek $245 billion for the wars in Iraq and Afghanistan while boosting other military spending and curbing domestic programs, setting the stage for a big battle with Democrats over funding priorities.
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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.
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US President George W. Bush outlined Thursday an ambitious legacy-making economic agenda for his second term, stressing that the economy is continuing to grow but fiscal restraint and reforms to the tax code, social security and litigation are necessary
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Escalating a budget battle with Democrats who control Congress, President George W. Bush accused them on Saturday of pushing tax-and-spend policies and renewed his veto threat.
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The deficit figure of $427 billion includes part of an additional $80 billion that President Bush requested for Iraq.
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US President George W Bush says his forthcoming budget plans will seek to curb domestic spending.
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With the outlook fuzzy and the US economy saddled by big deficits, President George W. Bush will face a tough road implementing his ambitious economic agenda in a second term, analysts say.
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President Bush's &#36;2.5 trillion budget is shaping up as his most austere, trying to restrain spending across a wide swath of government from popular farm subsidies to poor people's health programs.
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President Bush's budget, sent to Congress on Monday, proposes cuts in domestic spending in an effort to tackle the ballooning budget deficit.
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Successful in persuading voters not to change leaders in wartime, President Bush faces a second term packed with problems bred in his first, from the need for an exit strategy in Iraq to the prospect of staggering budget deficits at home.
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US President George W Bush has said he intends to &#39;send a signal&#39; to financial markets that he is serious about a strong dollar by tackling the US budget deficit.