Bush Budget Makes Deficit Cuts 'Difficult' -CBO Head
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President Bush's new $2.57 trillion  budget makes cutting the deficit a "very difficult exercise"  because it relies on cuts in a fraction of overall government  spending, the director of the Congressional Budget Office said  on Thursday.
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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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Even though the Congressional Budget Office&#39;s (CBO) September baseline forecast reduced its projection of the 2004 federal budget deficit by more than $50 billion, it offered little hope that substantive progress would be achieved on the fiscal front any
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President George W. Bush said on Saturday that his upcoming budget proposal would emphasize restraint on domestic spending while putting defense and war costs for Iraq and Afghanistan as the top priority.
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President George W. Bush, facing pressure to trim a record US budget deficit, will combine a push to restructure Social Security with a call for spending discipline as he wraps up a two-day economic summit.
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President Bush is pushing Congress to give him more authority to slice and dice the budget, an idea that&#039;s popular with conservatives who think the White House needs more muscle to restrict federal spending.
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President Bush today unveiled a tough-minded, $3 trillion budget proposal for fiscal 2009 that would slice $14.2 billion from the growth of federal health-care programs, eliminate scores of programs and virtually freeze domestic spending -- but would still record a $407 billion budget deficit.
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White House plans to share the pain of budget cuts
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President Bush on Monday proposed a &#36;2.5 trillion budget that slashes domestic programs from farm aid to housing grants for the poor, as he sought to curb budget deficits that have soared on his watch.
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U.S. Treasury Secretary John Snow admitted on Tuesday that the United States budget deficit is too big, but insisted there was no need to cut spending on the "war on terror."
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President Bush's budget, sent to Congress on Monday, proposes cuts in domestic spending in an effort to tackle the ballooning budget deficit.
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White House officials and Congress' top budget writers tried rallying support Tuesday for President Bush's &#36;2.57 trillion budget, but cracks in Republican unity showed as lawmakers digested the plan's proposed spending cuts.
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President Bush presents his 2006 budget to Congress - seeking cuts across a wide range of government departments in a bid to lower the record US deficit.
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The Bush administration yesterday raised serious objections about congressional efforts to approve a corporate tax-cut bill this week, warning that the Republican-backed
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President Bush criticized Congress for dragging its feet on spending bills during a speech Monday before business leaders at the White House.
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WASHINGTON -- The Bush administration urged skeptical members of Congress on Tuesday to support the president's new $2.9 trillion spending plan, arguing that the budget can be balanced without raising taxes.
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President George W. Bush said on Saturday his upcoming budget proposal would emphasize restraint on domestic spending while making defense and war costs for Iraq and Afghanistan the top priority.