US Congressional Office Says US Deficit Projected at $422 Billion
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The US Congressional Budget Office (CBO) Tuesday released its budgetary and economic forecast, and its predictions were not substantially different from those of the Bush administration.
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The US House of Representatives on Saturday approved a final $422 billion bill for defense programs that backs next year&#39;s round of military base closings and kills
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The U.S. government began the 2005  fiscal year 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 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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In one of its gloomiest forecasts yet, the Independent Budget Office projected a $3.1 billion budget deficit in the 2009 fiscal year, rising to $4.6 billion in 2010 and $6.3 billion in 2011.
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The US House of Representatives on Saturday approved a final US$422 billion ($631.64 billion) bill for defence programmes that backs next year&#39;s round of military base closings and kills a proposed US$23.
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Berlin - The United States (US) Treasury Secretary John Snow has flown into Berlin at the weekend on a budget flight - and pledged to cut the US deficit in half.
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The White House on Tuesday slashed  its forecast for this year&#039;s budget deficit to &#36;296 billion,  crediting its tax cuts for the improvement, but Democrats said  the deficit&#039;s size was nothing to boast about.
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The U.S. budget deficit expanded to  $412.55 billion in the 2004 fiscal year, making the Bush  administration's second-straight record fiscal gap, the  Treasury Department said on Thursday.
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The deficit jumped by 9.3 percent, to $63.1 billion, the government said, reflecting record oil imports. The deficit with China declined while the weak dollar lifted exports to a record high.
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The US House of Representatives on Thursday prepared to raise the nation&#39;s debt ceiling by $800 billion, taking the new limit to $8.184 trillion.
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The US budget deficit is set to reach a record $427bn in 2005, the White House predicts.
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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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On the campaign trail, members of Congress often promise to eliminate pork-barrel spending. After all, the federal deficit is now up to $413 billion, and the US is waging an expensive war in Iraq.
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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 US agency that insures the pensions of 44 million workers said its deficit more than doubled to $23.3 billion this year on the expectation additional company retirement plans will fail.
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The U.S. budget deficit will reach  $368 billion this year before any war costs are added in, the  Congressional Budget Office said on Tuesday, according to a  source familiar with the worse-than-expected numbers.