US deficit is shrinking, for now
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With the robust economy, tax revenues are pouring in. But rising costs lie ahead.
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A gauge of future economic activity showed the U.S. economy will slow in coming months, reversing recent gains and suggesting higher gas prices and a sluggish construction industry are beginning to take their toll
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The US trade deficit narrowed in 2007, figures show, after rising exports offset the rapid growth in oil imports.
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US economic competitiveness fell significantly over the last year, as high budget and trade deficits hurt America's business environment, according to a survey by the World Economic Forum.
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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 war and tight domestic spending to offset the cost of his tax cuts....
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US Treasury Secretary John Snow conceded Wednesday that government &quot;deficits matter,&quot; but said an improving economy already is beginning to reduce red ink in the federal budget.
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Despite record federal deficits, the Bush administration has benefited from historically low interest payments, but as rates continue to rise, the era of cheap debt service may be over.
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The U.S. current account deficit shrank in the third quarter to its narrowest in two years, while net overall capital inflows into the country surged in October, data on Monday showed.
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US retail sales fell last month, official figures show, the latest indication that the economy is under pressure.
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The slowdown may signal that the economy is shifting down a notch from its unexpectedly robust pace of growth at the end of last year.
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The United States trade deficit shrank in 2007 for the first time in five years, buoyed by a surge in exports.
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President George W. Bush predicted on Wednesday that strong tax receipts would cause the U.S. budget deficit to shrink to $205 billion this year, marking the third straight annual decline.
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WASHINGTON (CBS.MW) - The US trade deficit narrowed in July as imports fell for the first time in almost a year, the Commerce Department reported Friday.
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Americans are taking substantially less equity out of the value of their homes than a year ago, a sign consumer spending may be set to recede, data compiled by a Federal Reserve economist suggest.
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Business & money: US will bear brunt of slowdown in economic growth, global stability report says.
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The trade deficit shrank much more than expected in April to $58.5 billion, as the weakening U.S. dollar appeared to depress import demand and help push exports to a record, a U.S. Commerce Department report on Friday showed.
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US emergency cut in response to weakening economic outlook and recession fears