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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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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Lots of debt could mean tough times ahead.
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WASHINGTON - The federal deficit surged to a record $413 billion in 2004, the Treasury Department announced Thursday, injecting the figure into a presidential campaign in which the two parties have clashed over President Bush's management of the economy and the budget.    The number was a significant improvement from the shortfalls that analysts projected earlier this year, including a $521 billion estimate the Bush administration made in February...
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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 figure immediately provided political fodder for both parties now in the final two-month stretch of the presidential and congressional campaigns...
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Description: The federal budget deficit will hit a record $422 billion this year, according to new projections from the Congressional Budget Office.
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In this edition of Perspective, we&#39;ll take a look at some of the issues at the Asia Pacific Economic Cooperation or APEC Summit in Chile.
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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.
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The federal 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, a congressional source with knowledge  of the numbers said on Tuesday.
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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 federal deficit of the US government hit a record high of 436.9 billion US dollars in the first 11 months of fiscal year of 2004 which will end in this month, the Treasury Department reported on Monday.
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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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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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Many Democrats complained during the debate Thursday that majority Republicans who control Congress should have offset the lost revenue to keep the nation&#39;s soaring deficits from getting worse.
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Budget impasses and growing deficit raise concern about long-term economic growth and retiree benefits.
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Economic assumptions from President Bush's proposed 2008 budget:
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A guide to the new Bush budget's winners and losers