Posts Tagged ‘federal deficit’

Federal deficit plummeted in March

by Published: April 13,2010

Tags: federal budget, federal deficit

WASHINGTON — The budget deficit for March showed a dramatic decline as the Obama administration formally entered a lower ultimate cost for the government’s $700-billion financial bailout program. The Treasury Department said the deficit for March totaled $65.4 billion, compared to a $191.6-billion imbalance a year ago. However, $115 billion of that improvement occurred because […] [...]

Obama creates deficit commission

by Published: February 19,2010

Tags: debt, federal budget, federal deficit, White House

WASHINGTON — President Barack Obama signed an order yesterday unilaterally creating a bipartisan commission to rein in unruly deficits after Congress rejected a similar body with considerably more enforcement power. In making the announcement, Obama said that unless lawmakers put aside partisan differences, the continuing red-ink trend could “hobble our economy.” The federal deficit hit […] [...]

Federal deficit growing at record pace

by Published: February 18,2010

Tags: federal deficit, recession

WASHINGTON — America’s federal deficit through the first four months of the budget year is running at a record-breaking pace even though the deficit in January was slightly smaller than expected. The massive tide of red ink reflects the continued fallout from a deep recession and a severe financial crisis. It highlights the formidable challenges […] [...]

President sends $3.83T budget to Congress

WASHINGTON — President Barack Obama sent Congress a $3.83-trillion budget today that would pour more money into the fight against high unemployment, boost taxes on the wealthy and freeze spending for a wide swath of government programs. The deficit for this year would surge to a record-breaking $1.56 trillion, topping last year’s then unprecedented $1.41 […] [...]

Federal deficit predicted to be $1.35T

by Published: January 26,2010

Tags: federal budget, federal deficit, federal government

WASHINGTON — The latest congressional budget estimates due today predict a $1.35-trillion U.S. deficit for this year, a top legislative aide says. The Congressional Budget Office figures confirm the massive problem facing President Barack Obama and his Democratic allies just days before his Feb. 1 budget submission. The White House says Obama will propose a […] [...]

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