US budget deficit to reach $368bn
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The US budget deficit is set to hit a worse-than-expected $368bn this year, excluding war costs.
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The federal deficit surged to a record &#36;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.
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The US Senate voted to raise the debt ceiling by 800 billion dollars to nearly 8.2 trillion dollars, allowing the US government to avoid the unwelcome prospect of running short of operating funds.
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The U.S. current account deficit widened slightly to a record &#36;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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The U.S. trade deficit hit an all-time high of &#36;60.3 billion in November as American appetites for foreign oil and even imported food reached record levels.
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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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The White House will project that this year's federal deficit will hit &#36;427 billion, a senior administration official said Tuesday, a record amount partly driven by wars in Iraq and Afghanistan.
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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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The US trade deficit, propelled by a record foreign oil bill, surged to $54 billion (R355 billion) in August, the second-highest level in history.
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The U.S. trade deficit soared to a record of &#36;617.7 billion last year as Americans' appetite for all things foreign, from crude oil to cars, hit all-time highs. The United States even rang up a deficit in farm goods as imports of wine, cheese and other food products hit a record.
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The US budget deficit is set to reach a record $427bn in 2005, the White House predicts.
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The US trade deficit hit a record high of $60.3 billion in November as American appetites for foreign oil and even imported food reached record levels.
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The US trade deficit hit a record high of $68bn in July, due to the rising cost of oil imports, official figures show.
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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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WASHINGTON -- The federal budget deficit would have been 69 percent higher than the $162.8 billion reported two months ago if the government had used the same accounting methods as private companies, the Bush administration reported Monday.
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THE Commerce Department reported today that the United States recorded a $US54 billion ($74.55 billion) trade deficit in August, the second highest level on record.
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America's trade deficit soared to an all-time high of &#36;60.3 billion in November, reflecting record levels for imports of everything from oil and consumer goods to farm products, the government reported Wednesday.