Pension Agency&#39;s Deficit Hits Record
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Struggling under a cascade of bankruptcy filings in the airline and steel industries, the government&#39;s pension insurance agency said yesterday that its deficit has more than doubled in the past year -- to $23.
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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 estimate by Congress' nonpartisan budget experts immediately provided political fodder for both parties in the final two-month stretch of the presidential and congressional campaigns...
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A smashing blow is being dealt to thousands of future pensioners by a law that has just been brought into force by the Federal Government.
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It&#39;s one of the most powerful jobs in the world of finance. The president of the board of the California Public Employees&#39; Retirement System oversees the nation&#39;s largest pension fund, with $177 billion in assets.
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After reading a book this year about serious flaws in Japan's pension system, retired deliveryman Yoshikazu Hirano thought he'd check his own records just to be safe. He's glad he did: The 74-year-old discovered the government had shortchanged him by 460,000 yen ($3,770) in benefits he accrued while driving a truck for three years in the 1950s and 60s.
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WASHINGTON -- The federal deficit surged to a record $413 billion in 2004, the Treasury Department announced Thursday, injecting the figure into a presidential campaign in which the two parties have clashed over President George W. Bush&#39;s management of
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Iin about 15 years, and probably less, this nation&#39;s retirement system will start to run a deficit, according to the Social Security&#39;s trustees.
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The number of older Americans in the   work force hit a record high last month, and employment in that   age group has grown faster than any other, according to   research released on Wednesday.
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The federal deficit surged to a record &#36;413 billion in 2004, the Treasury Department announced Thursday, injecting the figure into a presidential campaign in which the two parties have clashed over President Bush's management of the economy and the budget.
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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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WASHINGTON : The US government is expected to run a record 422-billion-US-dollar deficit for the fiscal year to September 30, the Congressional Budget Office revealed.
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The nation&#39;s largest pension fund disclosed for the first time yesterday how much it paid the venture capitalists, hedge fund managers and others who handle its riskiest specialized
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WASHINGTON: The deficit at the federal agency that rescues failed US corporate pensions more than doubled to $23.3 billion in fiscal year 2004, officials said on Monday, with analysts largely blaming bankrupt airlines.
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Straining under the looming pension crisis in the airline industry, the federal pension benefits insurer yesterday reported that its deficit more than doubled from a year earlier.
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US tax officials collected a record $43.1 billion in fiscal 2004 from enforcement cases that scrutinized tax returns of large businesses and high-income people, the government said on Thursday.
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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
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The deficit at the federal agency  that rescues failed U.S. 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 expected to fail.