The Other, Bigger Growing Deficit
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The World Wildlife Fund (WWF) has released Living Planet Report 2004âthe current edition of an annual index that tracks global species abundance and human use of natural resources.
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Here is a clip-and-save fact that symbolizes America&#39;s long-term financial dilemma: According to government estimates, the ultimate drain from the new Medicare prescription-drug benefit will be greater than the current national debt.
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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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WASHINGTON_ Democrats are blaming President Bush for the record 2004 federal deficit of $413 billion, but Republicans say the figure shows that the economic and budget pictures are brightening.
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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 U.S. budget deficit will hit  $368 billion this year even before war costs are added, the  Congressional Budget Office said on Tuesday, and analysts said  the number shows it would be hard for President Bush to keep  his promise of halving the gap in five years.
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Over the next 10 years, the nation&#39;s cumulative budget deficit will soar to $2.3 trillion, the CBO projected. And if President Bush succeeds in making his tax cuts permanent, as he&#39;s vowed to do if re-elected, the 10-year deficit could top $4 trillion.
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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?
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Larger supplies, more energy alternatives, and a slowing economy could be factors.
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The economic cost of the Iraq war may be larger than what has actually been spent directly on the war.
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A recovery in corporate taxation has modestly improved the federal government's short-run deficit, but the long-term deficit has only grown worse during the past six months due to government spending, the non-partisan Congressional Budget Office said today.
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The federal budget deficit inched up in the first quarter of the fiscal year, congressional budget estimators said Monday, as the growth in tax revenues slowed along with the softening economy.
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The nominal numbers reported about the economy are in some ways more real than the real ones.
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In hindsight it is becoming clear that the strong economic growth over the past two years depended on bringing in large quantities of capital from the rest of the world.
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The deficit declined by six percent, after setting records for five straight years. The improvement came despite a huge jump in the bill for foreign oil and another record deficit with China.
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There's more to growth than just a high growth rate.
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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