Putting the deficit in perspective
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Even though the Congressional Budget Office&#39;s (CBO) September baseline forecast reduced its projection of the 2004 federal budget deficit by more than $50 billion, it offered little hope that substantive progress would be achieved on the fiscal front any
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WASHINGTON -- 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, according to new White House estimates.
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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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One budget-cutting proposal on the table
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The White House says its drive to halve federal deficits by 2009 remains on track, though it projects that the cost of wars in Iraq and Afghanistan will help drive this year's shortfall to a record &#36;427 billion.
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The presidentâs budget, which foresees near-record deficits just ahead, is sure to meet resistance in the Democratic Congress.
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Over the next 10 years, the nation&#39;s cumulative budget deficit will soar to $2.3 trillion, the CBO projected. And if President Bush succeeds in making his tax cuts permanent, as he&#39;s vowed to do if re-elected, the 10-year deficit could top $4 trillion.
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The federal deficit will fall to $205 billion in the fiscal year that ends in September, a considerably smaller figure than earlier estimates and one that is less than half of the peak deficit, in 2004, according to new White House projections.
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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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The budget deficit for the current budget year will jump to about $250 billion, the Congressional Budget Office estimated Wednesday, citing the weakening economy
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MANILA When President Gloria Macapagal Arroyo declared this week that the Philippines was &quot;already in the midst of a fiscal crisis,&quot; many thought she was just stating the obvious.
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A new study shows there is a $300 billion gap between what taxpayers owe and what they pay
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While economic policymakers like to chew over weighty issues like current accounts deficits and overnight funds rates, the truth is that the economy rests heavily on everyday
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The US budget deficit will balloon to $2.29 trillion over the next decade, a worse outlook than previously forecast according to a new report by congressional analysts, said a congressional source Tuesday.
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Loan forgiveness is finally becoming a reality -- and it will help. But more needs to be done to get the continent on the road to growth and make a dent in poverty
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Having heard the blather or ranting about Red vs. Blue states for some time, I decided that I could check the curious general claim that "Red states are beneficiaries of tax revenue".  Having obtained the data here about year-by-year comparisons of the states, I obtained some results for 2004.  My intent is to identify trends without much partisan bias (BTW, I'm a Nader voter) in an American viewpoint that's not so much grey, but purple.
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SEEING RED: The government deficit is so big that the just-passed &#36;388 billion bill financing almost every federal agency in 2005 could be eliminated and there would still be red ink.