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Federal Budget (U.S.) Deficits

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  • TORONTO, Aug 25- Canada's Liberals, trailing third in the polls for October's election, on Tuesday rolled out a heavyweight economic team including former finance minister Paul Martin in a bid to counter charges that leader Justin Trudeau is too inexperienced to lead the country. The advisers include policymakers who erased the budget deficit during the 12-...

  • Budget report sees shrinking deficits, but only for now Tuesday, 25 Aug 2015 | 10:03 AM ET

    WASHINGTON— Providing political ammunition to both parties, Congress' official budget analyst projected Tuesday that this year's federal deficit will drop to $426 billion, the lowest shortfall of Barack Obama's presidency. The Republican-led Congress has approved a blueprint that uses spending curbs on Medicare, Medicaid and other programs to claim a...

  • BERLIN, Aug 20- A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year. Turning to Brazil, where Rousseff is trying to reduce a gaping fiscal deficit and restore confidence in her government's...

  • BERLIN, Aug 20- A slump in commodity markets will burden the global economy for some time to come, Brazilian President Dilma Rousseff told Germany's Handelsblatt business daily, adding she hoped the Brazilian economy would pick up in a year. Turning to Brazil, where Rousseff is trying to reduce a gaping fiscal deficit and restore confidence in her government's...

  • BRASILIA, Aug 19- Brazil's Senate approved a bill to roll back payroll tax breaks on Wednesday that is a key measure in President Dilma Rousseff's efforts to reduce a gaping fiscal deficit and restore confidence in her government's accounts. The Senate voted 45-27 to pass the bill. Rousseff has struggled to pass austerity measures through a rebellious...

  • NAIROBI, Aug 18- Kenyan Finance Minister Henry Rotich on Tuesday promised further steps, including cutting the budget deficit, to stabilize the currency after a 12 percent fall against the dollar so far this year. Rotich said the bulk of this gap was covered by funds already secured from China for the construction of a modern railway linking the port of Mombasa to...

  • *Longer-term money rates, dollar/riyal forwards surge. DUBAI, Aug 16- Turmoil in the Saudi Arabian money markets suggests that financing the government's budget deficit in an era of cheap oil may not be smooth as banks worry about the risk of a liquidity squeeze. The government sold 20 billion riyals of riyal bonds to banks last Tuesday to help to cover a huge...

  • WASHINGTON, Aug 12- The United States posted a budget deficit of $149.2 billion in July, up 58 percent from the same period last year, the U.S. Treasury Department said on Wednesday. Analysts polled by Reuters had expected a $132 billion deficit for July. Receipts last month totaled $225.5 billion, a 5 percent increase from July 2014, while outlays stood at $374.7...

  • U.S. budget deficit widens to $149.2 billion in July Wednesday, 12 Aug 2015 | 2:00 PM ET

    WASHINGTON, Aug 12- The United States posted a budget deficit of $149.2 billion in July, up 58 percent from the same period last year, the U.S. Treasury Department said on Wednesday. Analysts polled by Reuters had expected a $132 billion deficit for July. Receipts last month totaled $225.5 billion, a 5 percent increase from July 2014, while outlays stood at $374.7...

  • MADRID, July 31- Spain's Mariano Rajoy sought to persuade Spaniards on Friday that earlier austerity would be reverted if he won re-election later this year, unveiling a 2016 budget featuring the first spending hikes since he took office. While still tight- the country plans to cut the public deficit by around 15 billion euros next year- the budget will be boosted...

  • OTTAWA, July 22- Canada's Conservative government insisted on Wednesday it would balance the country's books this year despite a watchdog's report that said economic weakness would turn the narrow budget surplus the Conservatives pledged into a billion-dollar deficit. The Conservatives, facing an Oct. 19 general election, have repeatedly cited their plan...

  • OTTAWA, July 22- Canada's narrow budget surplus in the current fiscal year would turn into a small deficit if economic growth turns out to be as weak as the Bank of Canada forecast last week, the country's parliamentary budget watchdog said on Wednesday. The office of the Parliamentary Budget Officer, which has a mandate to provide independent analysis to...

  • WASHINGTON, July 14- The White House on Tuesday slashed its fiscal 2015 deficit forecast to $455 billion, down $128 billion from its last estimate in February, due to new calculations of higher revenues and lower spending. The White House also reduced its fiscal 2016 deficit estimate by $45 billion to $429 billion, or 2.3 percent of gross domestic product.

  • WHITE HOUSE BUDGET OFFICE SAYS FY15 BUDGET DEFICIT NOW PROJECTED TO BE $455 BLN, $128 BLN LOWER THAN FEB ESTIMATE.

  • WASHINGTON, July 8- The U.S. budget deficit shrank by $52 billion during the first nine months of fiscal 2015 from a year ago as tax receipts grew faster than spending increases, the Congressional Budget Office said on Wednesday. The 14 percent reduction to a $314 billion gap for the October-June period comes as the Republican-controlled Congress and President...

  • LONDON, July 8- Britain will aim to wipe out its budget deficit and achieve a surplus in the 2019/ 20 financial year, one year later than previously planned, finance minister George Osborne said on Wednesday. Osborne, delivering a post-election budget statement, said the budget was projected to show a surplus equivalent to 0.4 percent of gross domestic product in...

  • SAO PAULO, July 7- Brazilian President Dilma Rousseff told newspaper Folha de S. Paulo in an interview published Tuesday that she plans to finish her term and continue with efforts to narrow the budget deficit in spite of growing calls among opponents for her resignation. When asked repeatedly by Folha reporters about heightening pressure for her to step down...

  • IMF HOLDS FORECAST FOR GHANA 2015 GDP GROWTH AT 3.5 PCT, SEES 2015 BUDGET DEFICIT AT 7.2 PCT VS PVS FORECAST OF 7.5 PCT.

  • BRASILIA, June 25- Brazil's central government recorded its widest monthly primary budget deficit in 8 months in May, nearly wiping out the surplus of the previous month as tax revenues plummet. Despite a flurry of tax hikes and spending cuts President Dilma Rousseff is struggling to save enough money to meet its 2015 fiscal goal, which is considered key to...

  • WASHINGTON, June 19- Repealing President Barack Obama's signature healthcare reform law would increase the U.S. budget deficit by $353 billion over 10 years, congressional forecasters said on Friday, more than triple the red ink compared to an estimate three years ago. But the Congressional Budget Office and the Joint Committee on Taxation said the deficit...