Lack of fiscal discipline puts figures in spotlight
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The European Union's reputation for budgetary correctness, already tarnished in recent years, took a beating this week when Greece admitted to grossly under-reporting its deficit figures.
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The latest deficit projections from the Congressional Budget Office forecast a sea of red ink that will only deepen under plans to jump-start the economy with tax cuts and government spending.
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ANN ARBOR, Mich.  - U.S. budget deficits pose a  problem for both the domestic and world economies, but there  seems little political will to fix them, Federal Reserve Board  Governor Edward Gramlich said on Saturday.
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Budget impasses and growing deficit raise concern about long-term economic growth and retiree benefits.
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For the third time in a month, an analysis of state finances is warning that budget deficits and spending cuts are on the way.
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Despite record federal deficits, the Bush administration has benefited from historically low interest payments, but as rates continue to rise, the era of cheap debt service may be over.
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CANBERRA : Booming tax revenue has given Australia a bumper budget surplus but the economic growth forecast has eased by half a percentage point to a still strong three percent, Treasurer Peter Costello said.
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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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U.S. interest rates are still "fairly low" after six straight increases, Federal Reserve Chairman Alan Greenspan said on Wednesday, warning that despite the economy's good health, fiscal discipline is vital.
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Social Security and tax code changes could strain the federal budget. The president could use a rising GDP.
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Lots of debt could mean tough times ahead.
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U.S. Treasury debt prices stayed subdued on Tuesday as fresh evidence of resilient consumer spending suggested the Federal Reserve was not yet done raising interest rates.
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Both candidates have plans for dealing with our fiscal mess. But neither are addressing the real problems
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The economy is still caught between slowing growth and stubborn inflation pressures, new government reports showed Tuesday.
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The federal budget deficit inched up in the first quarter of the fiscal year, congressional budget estimators said yesterday, as the growth in tax revenue slowed along with the softening economy.
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Congress' top budget analysts still expect the 2004 federal deficit to set a record, though a smaller one than they and the White House anticipated earlier in this election year.
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Disappointing data come as credit crisis looms.