Sharp fall in US budget deficit
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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 federal budget deficit will balloon to $2.29 trillion over the next decade, a worse outlook than previously forecast according to a new report by congressional analysts, a congressional source with knowledge of the numbers said
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The U.S. budget deficit will balloon  to a cumulative $2.29 trillion over the next decade,  congressional analysts said on Tuesday, a worse outlook than  previously forecast and one likely to stir election-year debate  about President Bush's economic policies.
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US emergency cut in response to weakening economic outlook and recession fears
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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 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, U.S. administration officials said.
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The US trade deficit narrowed sharply in September, aided by a slide in the value of the dollar, which helped push exports to record levels, a government report showed on Wednesday.
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The federal deficit of the US government hit a record high of US$436.9 billion in the first 11 months of fiscal year of 2004 ending on September 30, the Treasury Department reported on Monday.
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A falling U.S. budget deficit  brought some solace on Friday to Republicans beset by a  Washington sex scandal, violence in Iraq and possible political  setbacks in the November congressional elections.
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U.S. construction spending fell a sharper-than-expected 1 percent last month as home building posted a seventh straight drop, according to a government report on Friday that underscored the weakness in the U.S. housing market.
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The federal budget deficit will  balloon to $2.29 trillion over the next decade, a worse outlook  than previously forecast according to a new report by  congressional analysts, a congressional source with knowledge  of the numbers said on Tuesday.
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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 huge US trade deficit narrowed in July as imports fell for the first time in 10 months. At $50.1bn, the gap remained the second largest on record.
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WASHINGTON - The federal deficit will swell to a record $422 billion this election year but fall short of even more dire forecasts, Congress' top budget analysts projected Tuesday in a report that became instant fodder for both political parties.    The nonpartisan Congressional Budget Office said the shortfall would shrink to $348 billion next year - still the third worst ever in dollar terms...
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The U.S. current account deficit shrank more than expected in the fourth quarter of 2006 to $195.8 billion, as lower oil prices took a bite out of imports and U.S. exports continued to rise, a Commerce Department report showed on Wednesday.
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The US Congressional Budget Office (CBO) projected on Tuesday that the federal deficit will hit a record high of 422 billion dollars in fiscal year of 2004 ending on September 30.
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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