Bush predicts U.S. budget deficit will shrink
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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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President Bush pledged Wednesday to work with Congress to reduce the United States' huge deficits to assure markets that his administration supports a strong dollar.
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Trimming bulging deficits that threaten the US economy should be a priority for a second-term Bush administration, analysts say, but a commitment to a tax-cutting agenda may thwart the effort.
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The White House on Wednesday is expected to project a U.S. budget deficit for this year of just over $200 billion, down from prior estimates because of strong tax receipts, Republican sources said.
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US President George Bush is due to address the nation on his Iraq plans, likely to include a limited troop reduction.
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President George W Bush outlines his budget for 2005, pledging to halve the US deficit in five years.
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WASHINGTON -- 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, according to new White House estimates.
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President Bush, in Russia for a meeting of the world&#039;s economic powers, on Saturday credited his &quot;pro-growth policies&quot; for new U.S. budget deficit figures that are lower than earlier estimates.
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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 Bush administration will seek to slash government spending next year, US Treasury Secretary John Snow said on Sunday, but he was less specific than the president
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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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In his final debate with Sen. John Kerry on Wednesday night, President Bush reiterated his pledge to cut the nation&#39;s record budget deficit in half by the end of one more term in office.
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President George W Bush is set to announce a program of measure aimed at shoring up the fragile US economy.
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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...
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President Bush on Monday will  propose a $2.5 trillion budget that cuts scores of domestic  programs, from housing to environmental protection, in a bid to  show he is serious about reining in deficits that have  ballooned under his watch.
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The Bush administration will seek to  slash government spending next year, U.S. Treasury Secretary  John Snow said on Sunday, but he was less specific than the  president in predicting how quickly the deficit would fall.
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Surging corporate profits -- and another big increase in corporate tax collections -- will shrink the federal budget deficit to its smallest number in five years, according to new White House estimates, which show the deficit falling to $205 billion in the fiscal year that ends in September.