Budget deficit narrows to &#36;296 billion
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President Bush touted new deficit figures Tuesday showing considerable improvement upon earlier administration predictions, saying it shows the wisdom of his tax cuts.
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a deficit of $54 billion -- represented a 6.9 percent widening from July&#39;s trade gap of $50.5 billion. The bad news on trade is likely
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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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OTTAWA (CP) - The federal government is on pace to record a budget surplus of at least &#36;8.9 billion when the fiscal year ends in March, Finance Minister Ralph Goodale announced Tuesday.
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The UK's current account deficit narrowed to Â£9.1bn in the three months to June, official figures show.
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The deficit in trade in goods shrank to 6.2 billion pounds in January from 6.9 billion in December, official data showed Tuesday.
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OTTAWA (CP) - Ottawa confirms federal budget surplus of &#36;9.1 billion.
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The U.S. current account deficit shrank in the fourth quarter of 2006 to its smallest in more than a year as lower oil prices took a bite out of imports and U.S. exports continued to rise, a Commerce Department report showed on Wednesday.
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The U.S. budget deficit expanded to  $412.55 billion in the 2004 fiscal year, making the Bush  administration's second-straight record fiscal gap, the  Treasury Department said on Thursday.
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The U.S. current account deficit  widened slightly to a record $164.71 billion in the third  quarter as the goods trade shortfall grew and the services  surplus shrank, the government said on Thursday.
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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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The spending cuts include a reduction in benefits for about 340,000 people enrolled in a health insurance program for the working poor.
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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 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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The flow of US government red ink narrowed in August from the year-ago pace, but the deficit remained on track for a second straight annual record, a Treasury Department report on Monday showed.
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The U.S. current account deficit shrank in the third quarter to its narrowest in two years, while net overall capital inflows into the country surged in October, data on Monday showed.
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Investor's Business Daily - The monthly federal deficit hit $120 bil in Feb., but was down 26% for the first 5 months of fiscal 2007, the Treasury Dept. said. Receipts totaled $120.3 bil in Feb., while spending was $240.3 bil.