U.S. Deficit Estimated To Drop to $205 Billion
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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 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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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 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 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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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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The federal government, running record budget deficits over the past two years, is projecting that it will have to borrow a record $147 billion in the first three months of 2005, the Treasury Department announced Monday.
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The White House estimated on Tuesday  that the U.S. budget deficit for 2005, including an extra $80  billion for Iraq and Afghanistan operations, will total $427  billion.
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The high cost of waging war is expected to swell the US budget deficit to $2.3-trillion (US) over the next decade, including a record $422-billion in the current fiscal year
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U.S. budget deficits pose a problem for both the domestic and world economies, but there seems little political will to fix them, Federal Reserve Board Governor Edward Gramlich said on Saturday.
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The budget deficit for the current budget year will jump to about $250 billion, the Congressional Budget Office estimated Wednesday, citing the weakening economy
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Investor's Business Daily - The monthly federal deficit hit $120 bil in Feb., but was down 26% for the first 5 months of fiscal 2007, the Treasury Dept. said. Receipts totaled $120.3 bil in Feb., while spending was $240.3 bil.
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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 deficit at the federal agency that rescues failed US 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
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The OECD on Wednesday reduced its forecast for U.S. economic growth and recommended a rapid cut in interest rates to limit the fallout from a housing and mortgage market slump that has sparked global financial market turmoil.
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The US federal budget deficit for the first four months of the current spending year falls to $42.2bn, figures show.
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At $205 billion, the 2007 deficit is expected to be half its '04 peak, as corporate tax revenues surge.