Public finances deteriorate
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Britain&#39;s public finances worsened in August compared with the same month last year, official data showed on Monday.
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For anyone who is worried about the economy, 2008 is off to a lousy start.
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Architect of budget increase criticises the inadequate return the investment has yielded.
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In one of its gloomiest forecasts yet, the Independent Budget Office projected a $3.1 billion budget deficit in the 2009 fiscal year, rising to $4.6 billion in 2010 and $6.3 billion in 2011.
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The federal government has been urging people to sock away money for their retirement, but low-income families would be foolish to take that advice, according to a report released yesterday by a Washington think tank.
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Economic growth in the Washington area is slowing as the federal government begins to temper spending on local goods and services, according to a report released yesterday by George Mason University's Center for Regional Analysis.
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The U.S. government began the 2005  fiscal year 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.
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The Bank of England warns in  a report that while recent inflation has been low, this may be short-lived.
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Business & money: Weakening house prices and soft consumer spending set to make 2008 worst year since early 1990s
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A worsening housing market, including rising foreclosures, has rapidly pushed Fairfax County government into a budget crisis that probably will last several years, pinching spending by hundreds of millions of dollars on schools, public safety and human services, officials said yesterday.
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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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Business & money: Amount people are saving in Britain slump, as rises in consumer spending, higher pension and tax payments take their toll.
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With recession looming, there are pitfalls and opportunities.
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When the Washington area's housing market boomed at the turn of the century, so did local government spending. Now a cooler market is creating budget gaps in a region that until recently was spared leaner times.
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The US government budget has become a ``cookie jar&#39;&#39; for lawmakers over the past four years, with taxpayer funds spent in some cases for ``political reasons,&#39;&#39; Federal Reserve Governor Susan Bies said.
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Business & money: But building society produces evidence that upward trend is slowing.
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A recovery in corporate taxation has modestly improved the federal government's short-run deficit, but the long-term deficit has only grown worse during the past six months due to government spending, the non-partisan Congressional Budget Office said today.