CBO Projects $442 Billion Federal Deficit
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WASHINGTON - The Congressional Budget Office projected Tuesday that this election-year's federal deficit will hit a record $422 billion, a shortfall that would be smaller than analysts predicted earlier this year.    The figure immediately provided political fodder for both parties now in the final two-month stretch of the presidential and congressional campaigns...
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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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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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The federal deficit of the US government hit a record high of 436.9 billion US dollars in the first 11 months of fiscal year of 2004 which will end in this month, the Treasury Department reported on Monday.
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President George W. Bush will estimate 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 on Wednesday.
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The U.S. budget deficit totaled about $250 billion in fiscal 2006, down from the previous year's $318 billion, according to preliminary estimates released by the Congressional Budget Office on Friday.
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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 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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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 deficit figure of $427 billion includes part of an additional $80 billion that President Bush requested for Iraq.
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A new study shows there is a $300 billion gap between what taxpayers owe and what they pay
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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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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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WASHINGTON -- The federal budget deficit would have been 69 percent higher than the $162.8 billion reported two months ago if the government had used the same accounting methods as private companies, the Bush administration reported Monday.
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The U.S. government began fiscal  2005 with a budget shortfall, right after posting a record  $412.28 billion budget gap for all of the 2004 budget year, a  report on Wednesday showed.
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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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The budget that President Bush will submit to Congress today shows the federal deficit falling in each of the next four years and would produce a $61 billion surplus in 2012, administration officials said. But to get there, Bush is counting on strong economic growth, diminishing costs in the Iraq...