Snow: U.S. Deficits to Fall
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U.S. Treasury Secretary John Snow said on Sunday he assured members of the Group of 20 nations that Washington will slash deficits they blame for a falling dollar and repeated his call for stronger European growth.
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The slowing U.S. economy is unlikely to sink into an election-year recession and an economic rebound could begin as early as next year as housing and financial market turmoil fades, the Congressional Budget Office forecast on Wednesday.
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LONDON : US Treasury Secretary John Snow acknowledged that big US deficits are playing a role in global economic imbalances, but cited a &quot;shared responsibility&quot; to fix the problems.
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The U.S. budget deficit probably hit  $415 billion in the 2004 fiscal year, a smaller number than  previously forecast but still the largest on record,  congressional budget analysts said on Wednesday.
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U.S. Treasury Secretary John Snow said on Wednesday that cutting a record budget deficit was a top priority for the second-term Bush administration and challenged Europe to play its part in helping trim the U.S. trade gap by boosting its own economic growth.
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The White House on Tuesday slashed  its forecast for this year&#039;s budget deficit to &#36;296 billion,  crediting its tax cuts for the improvement, but Democrats said  the deficit&#039;s size was nothing to boast about.
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Prospects for the global economy next year are growing dimmer as high oil prices hurt consumption and the unchecked rise in the United States trade deficit depresses the dollar
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US President George W. Bush plans to cut spending in his upcoming budget, not just trim the rate of growth in government outlays, Treasury Secretary John Snow said Sunday.
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Forecasters said as many as 10 inches of snow could fall in the Boston area while the accumulation in New York City was likely to be 2 to 4 inches.
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The US budget deficit is set to hit a worse-than-expected $368bn this year, excluding war costs.
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WASHINGTON - The Congressional Budget Office projected Tuesday that this election-year's federal deficit will hit a record $422 billion, a shortfall that would be smaller than analysts predicted earlier this year.    The figure immediately provided political fodder for both parties now in the final two-month stretch of the presidential and congressional campaigns...
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Treasury Secretary John Snow said Wednesday cutting the US current account deficit will be a top priority for the Bush administration&#39;s second term.
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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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Treasury Secretary John Snow pledged to reduce the U.S. budget deficit, blamed by Europeans for the euro s gains against the dollar and cited as a risk to global growth by ministers from 20 industrial and ...
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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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Mild weather was expected to linger in  most of the United States until at least early January,  continuing a prolonged spell of balmy conditions that has cut  deeply into heating demand, government and private forecasters  said on Tuesday.
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The U.S. budget deficit will balloon  to $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.