Budget Gap Swells to Record $413 Bln
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The U.S. budget gap expanded to  $412.55 billion in fiscal 2004, marking the Bush  administration's second-straight record deficit, the Treasury  Department said on Thursday.
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Current account deficit hits record high as credit crunch knocks tax receipts from the City
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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 - The Congressional Budget Office is projecting that this election-year's federal deficit will reach $422 billion, congressional aides said Tuesday, the highest ever, yet a smaller shortfall than analysts predicted earlier this year.    The figure, provided by aides who spoke on condition of anonymity, is sure to provide political fodder for both parties during the remaining two months of the presidential and congressional campaigns...
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The federal budget deficit would have been 69 percent higher than the $162.8 billion reported two months ago if the government had used the same accounting methods as private companies, the Bush administration reported Monday.
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The White House will project that this year's federal deficit will hit &#36;427 billion, a senior administration official said Tuesday, a record amount partly driven by wars in Iraq and Afghanistan.
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The U.S. trade gap widened less than  expected in May, but the monthly petroleum bill hit a record  high as the imported oil price posted the biggest gain in  nearly 16 years, government data showed on Wednesday.
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The U.S. current account deficit widened slightly to a record &#36;164.71 billion in the third quarter as the goods trade shortfall grew and the services surplus shrank, the government said on Thursday.
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citanon writes &quot; The Washington Post reports that House Majority Leader Tom Delay has delivered, via the omnibus spending bill passed Nov. 20, the President&#39;s full budgetary request of $16.2 billion dollars
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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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Chinese imports and soaring crude oil prices fuel an 8.9 percent rise in October for a record $55.5 billion gap. By Jeannine Aversa.
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Britain's budget deficit ballooned last month, when the public sector net cash requirement (PSNCR) rose to 10.8 billion pounds, the biggest September shortfall on record, official figures showed.
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Britain's public finances recorded a deficit of 17 billion pounds in December, the highest ever level for the month, official data showed Monday.
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Canada recorded aC$9.1 billion ($7.9 billion) budget surplus in fiscal 2004, five times the government&#39;s forecast, as accelerating economic growth generated a tax windfall for Finance Minister Ralph Goodale.
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The U.S. current account gap widened  again in the second quarter, growing to a record $166.18  billion, the Commerce Department said on Tuesday.
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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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Morgan Stanley said Wednesday that its net income increased 41 percent in the latest quarter, setting a record for the securities firm.