US deficit tipped to blow out
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THE US federal deficit will swell to a record $US422 billion ($608 billion) this election year but fall short of even more dire forecasts, Congress&#39; top budget analysts projected
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The US trade deficit ballooned to a record high of $617.7 billion last year, pushed by soaring oil prices and Americans' insatiable appetite for everything foreign, from cars to toys and food.
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OTTAWA (CP) - A decisive outcome in Tuesday&#39;s US presidential election could give the American greenback enough stability to shave a full cent off the high-flying loonie, says the chief economist for Export Development Canada.
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The Congressional Budget Office is projecting this election-year&#39;s federal deficit will reach a record $422 billion, congressional aides said
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Business & money: What are the global experts meeting in Switzerland predicting for the US economy?
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A recession is on the cards for the Unites States, predict economists at the World Economic Forum.
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President George W. Bush predicted on Wednesday that strong tax receipts would cause the U.S. budget deficit to shrink to $205 billion this year, marking the third straight annual decline.
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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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Pressure is mounting for the US government to act soon to prevent a recession.
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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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The U.S. budget deficit will reach  $368 billion this year before any war costs are added in, the  Congressional Budget Office said on Tuesday, according to a  source familiar with the worse-than-expected numbers.
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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.
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The federal deficit will swell to a record &#36;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.
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The whopping US trade and investment deficit is the result of a strong US economy and can be remedied by taking steps to boost growth elsewhere, a US Treasury official said.
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The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history. The politically sensitive deficit with China hit a new high as American retailers upped their orders for cell phones, toys and televisions.
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The monthly record set by the trade deficit in November confounded predictions that the deficit would diminish with the weakening of the dollar and an easing in the price of oil.
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The nation's budget deficit will drop to $205 billion in the fiscal year that ends in September, less than half of what it was at its peak in 2004