US Treasury Secretary concerns about huge federal deficit
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US Treasury Secretary John Snow on Wednesday expressed his concerns about the huge US federal deficit but also said that an improving economy already is beginning to reduce the red ink.
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The Treasury secretary said that he was concerned that special interest groups were lining up for handouts in the stimulus bill and urged senators to keep it focused on simple tax rebates.
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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
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Treasury Secretary Henry Paulson said on Wednesday he expects the federal government to reach its $8.965 trillion statutory debt limit on October 1.
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The high cost of waging war is expected to swell the US budget deficit to $2.3-trillion (US) over the next decade, including a record $422-billion in the current fiscal year
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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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The US budget deficit expanded to a record $413 billion in the 2004 fiscal year, according to revised numbers, the Treasury Department said Thursday.
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WASHINGTON : The US government is expected to run a record 422-billion-US-dollar deficit for the fiscal year to September 30, the Congressional Budget Office revealed.
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The nation's budget deficit will drop to $205 billion in the fiscal year that ends in September, even as a worsening deficit picture for future years makes it more difficult for President Bush to meet his pledge of a surplus by 2012.
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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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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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US Treasury Secretary John Snow conceded Wednesday that government &quot;deficits matter,&quot; but said an improving economy already is beginning to reduce red ink in the federal budget.
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US Treasury Secretary John Snow reassured critics Wednesday that America is dealing with its huge budget and trade deficits, but discounted any suggestions of official intervention to prop up the ailing US dollar.
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With protests growing around the world about US deficits and a weak dollar, US Treasury Secretary John Snow has made it clear that's not what he wants to talk about during his European tour.
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US Federal Reserve chief Alan Greenspan has warned that the deficit in US trade with the rest of the world cannot be sustained indefinitely.
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Even as President Bush was celebrating his election victory on Wednesday, his Treasury Department provided an ominous reminder about the economic challenges ahead.
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U.S. Treasury debt prices fell on  Thursday as anxiety over Friday's U.S. September payrolls  report largely overwhelmed relief at bond-friendly comments by  a top Federal Reserve official.