Snow Sees Spending Slashed in '06 Budget
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The Bush administration will seek to  slash government spending next year, U.S. Treasury Secretary  John Snow said on Sunday, but he was less specific than the  president in predicting how quickly the deficit would fall.
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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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TOKYO : The Japanese government has outlined plans to cut its spending for the next fiscal year. This comes as it projects that the world&#39;s second largest
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President Bush proposed a &#36;2.57 trillion budget Monday that would erase scores of programs and slice Medicaid, disabled housing and many more but still worsen federal deficits by &#36;42 billion over the next five years.
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The U.S. budget deficit totaled about $250 billion in fiscal 2006, down from the previous year's $318 billion, according to preliminary estimates released by the Congressional Budget Office on Friday.
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President George W. Bush on Monday proposed more than $700 billion in new spending for the U.S. military -- much of it for the Iraq war -- in a budget that would curb domestic programs from health to education.
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OVERVIEW: In his 2006 budget request of some &#36;2.5 trillion going to Congress on Monday, President Bush will propose holding down growth in defense spending and cutting dollars for some domestic programs to cope with large deficits.
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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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US Treasury Secretary John Snow on Wednesday expressed his concerns about the huge US federal deficit but also said that an improving economy already is beginning to reduce the red ink.
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The White House will estimate on Wednesday that the U.S. budget deficit for fiscal year 2007 will come in at $205 billion, a drop from last year, a U.S. official said.
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Budget cuts and old habits may interfere with good intentions.
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The Environmental Protection Agency's proposed discretionary budget would decrease by $330 million from fiscal 2008 to $7.1 billion, with significant drops in spending on clean-water projects. The proposal calls for an overall decrease of almost $600 million from EPA spending in 2007 and the...
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With his 2006 budget, President Bush delivered Congress a tall order, asking for at least six significant governmental reorganizations and an unprecedented five-year freeze in domestic spending to get control of the federal budget deficit.
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U.S. Treasury Secretary John Snow paid his seventh visit of the year on Friday to the electoral battleground state of Ohio but said his trip had nothing to do with the fast-approaching election.
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TOKYO - Japan&#39;s cabinet on Friday adopted an austere 798 billion-dollar budget for the year to March 2006 in which general or discretionary spending on policy programmes falls for the first time in three years, an official said.
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Â· Military spending to hit highest level since WWIIÂ· Plans will leave successor with spending headache
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The U.S. government began fiscal  2005 with a budget shortfall, right after posting a record  $412.28 billion budget gap for all of the 2004 budget year, a  report on Wednesday showed.