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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

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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

VOA标准英语2013--US Air Force Facing Cuts in Manpower, Flying Hours

US Air Force Facing Cuts in Manpower, Flying Hours Captain Frank Gilliard flies an air refueling tanker - a KC-135. The 135 can also be set up as a hospital, he said. He and all other Air Force pilots are facing an 18 percent cut in flying hours. Tha

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Survey Finds Shortage of High Skilled Workers Around the Globe More than half of U.S. employers report having a hard time finding people to fill some of their most critical positions. Quite a few countries around the world are experiencing the same p

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

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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

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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

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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

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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

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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

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

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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