US Deficit Lower Than Expected but Still Largest in History

By Barry Wood Budget director Joshua Bolton says the deficit will be some $70 billion less than projected because a strong economy is bringing in more tax revenue. Instead of the $521 billion shortfal

VOA标准英语2008年-US Budget Deficit Expected to Hit Record

The Bush administration says the ballooning U.S. federal budget deficit will rise even higher next year, shattering the record set four years ago. From the White House, VOA's Michael Bowman reports. In a report to Congress, the Bush administration s

US Deficit Reduction Deal Remains Elusive

WASHINGTON President Barack Obama met with the U.S. Congress top Republican, House of Representatives Speaker John Boehner on Sunday in search of a deficit-reduction package that would prevent substantial spending cuts and tax increases from going in

Do Nothing' Option for US Deficit Reduction Explored

Hopes were dashed this week for bold congressional action to slow the growth of Americas $15 trillion national debt. A special bipartisan committee failed to agree on ways to trim the deficit by $1.2 trillion. But if Congress has shown itself incapab

Signs of Compromise to Reduce US Deficit

With a deadline looming to cut Americas massive federal deficit, lawmakers of both parties appear to be softening rigid ideological stances in hopes of striking a bipartisan accord that would put the United States on a sounder fiscal path. Economists

US Deficit Super Committee Prepares to Begin Work

As President Barack Obama prepares to unveil proposals to spur U.S. economic growth and job creation, a bipartisan committee of lawmakers tasked with slashing the federal deficit prepares to convene for the first time. The Joint Select Committee on D

Obama: Congress Must Face Deficit

President Barack Obama will meet Sunday with top lawmakers, in hopes of making progress toward an agreement to prevent a government default. Both the White House and top Republicans are playing down the prospects for a deal in Sundays talks. The ongo

AP 2010-02-04

1. The Senate has rejected a plan aimed at tackling the federal deficit. The plan didn't get the needed 60 votes. The vote came hours after the non-partisan Congressional Budget Office predicted a $1.35 trillion deficit for this year. 2. The brother

U.S. fiscal deficit issue is manageable

NEW YORK, April 26 (Xinhua) -- U.S. Treasury Secretary Timothy F. Geithner said Tuesday that the current U.S. fiscal deficit（国库赤字） problems were manageable and bipartisan efforts were required to address the challenge. (The fiscal deficit

Eurozone trade falls into deficit in November

BRUSSELS, Jan. 14 (Xinhua) -- The eurozone trade balance with the rest of the world fell into deficit in November last year as imports rose more than exports, the European Union (EU)'s statistics（统计学） office Eurostat said on Friday. In Nove

White House: US Deficit To Rise, Then Fall

President Barack Obamas proposed government budget calls for a slightly higher U.S. deficit for the remainder of this year, then a smaller deficit next year. The president will unveil his budget plan on Monday. An outline of the presidents budget, re

Spain Warns Deficit Could Grow

Spain warned Monday that the government's deficit for last year could be even higher than it predicted just days ago. Spain's new conservative government last week projected the 2011 deficit at 8 percent of the country's annual output of goods and se

Obama Proposes $3 Trillion Deficit, Debt Plan

Presenting his second major set of economic proposals in 10 days, President Barack Obama has unveiled a plan for more than $3 trillion in spending reductions over the next decade, saying all Americans, and specifically the wealthy, will be asked to s

America's deficit problem is more than fiscal: U.S. economist

WASHINGTON, Jan. 25 (Xinhua)-- The Unites States needs to address its budget deficit, but measures to be taken should not bring counterproductive effects as the nation also face jobs and growth deficits, said a renowned U.S. economist and President O

Time Running Out For US Deficit Reduction Deal

U.S. lawmakers say time is running out for a congressional super committee to identify $1.2 trillion in deficit reduction during the next 10 years. Partisan disagreements remain on how best to improve Americas fiscal health, despite a softening of ri

U.S. federal budget deficit swells amid fiscal uncertainties

WASHINGTON, Aug. 10 (Xinhua) -- The U.S. federal government registered a budget deficit of about 69.6 billion U.S. dollars in July, bringing the total budget gap for the first 10 months of this fiscal year near the 1-trillion-dollar mark. The aggrega

Obama Blames Republicans for Deficit Committee Failure

President Barack Obama blamed opposition Republicans in Congress on Monday for the failure of a special deficit committee to reach a compromise on $1.2 trillion in additional federal government spending cuts during the next 10 years. Mr. Obama spoke

US Trade Deficit Grows

The U.S. trade deficit got nearly 4 percent worse in December as a reviving economy boosted demand for imported goods. Both imports and exports hit record highs, but imports grew even more than the flow of goods exported from the United States. Frida

President Obama to Release Deficit-Cutting Plan

As President Barack Obama prepares to announce a plan to slash U.S. government deficits by trillions of dollars, a powerful Republican lawmaker is already criticizing key components reportedly contained in the proposal. Efforts to get more federal re

Spain's Deficit Worsens as Europe Reels into New Year

Spain is getting ready to start the new year with a new round of austerity measures, hoping to contain a growing deficit. The country's new government announced $11.5 billion in fresh spending cuts Friday, saying the budget was in worse shape than th