US deficit tipped to blow out
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THE US federal deficit will swell to a record $US422 billion ($608 billion) this election year but fall short of even more dire forecasts, Congress&#39; top budget analysts projected
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Record levels of debt and falling home prices may mean Americans will now spend less, save more.
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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 US government budget deficit will be a record 422 billion dollars for the fiscal year to September 30, the Congressional Budget Office said.
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Facing record budget deficits, the Bush administration likely will turn to short-term government borrowing to help finance its plan to add personal retirement accounts to Social Security, officials said on Saturday.
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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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The US has taken a decisive turn to the (extreme?) right on foreign policy and social issues. What about the economy? A Republican President presides over a spiralling fiscal deficit.
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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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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 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.
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WASHINGTON - The US trade deficit continues to swell to new records, hitting $55.5 billion US in October. The US Commerce Department said Tuesday that the trade deficit grew by 8.9 per cent from September, even
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US consumers' debts are an "accident waiting to happen", a leading economist  warns.
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The US trade deficit has exploded 19% to a record $55.8bn as oil costs drove imports higher, according to a latest figures.
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The current account deficit of the United States hit a record high of 164.7 billion US dollars in the third quarter of this year as a result of increasing demand for imported
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to &#36;54 billion in August, the second highest level in history. The politically sensitive deficit with China hit a new high as American retailers upped their orders for cell phones, toys and televisions.
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history. The politically sensitive deficit with China hit a new high as American retailers upped their orders for cell phones, toys and televisions.
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The economy is growing. Tax revenues are climbing. But can these factors rescue President Bush from a federal deficit that seems stuck above $400 billion?