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The federal budget deficit will grow to a record $482 billion in the fiscal year that begins in October, the White House said Monday, driven by war costs, tax rebates and a slowing economy that will leave the next president little room to fulfill costly...
Tags: budget, government, year, trillion, obama, 2009, fiscal, barack, budget deficit, states
John McCain's and Barack Obama's tax proposals would add trillions of dollars to the national debt, according to an authoritative analysis released Wednesday. McCain would cut taxes by a total of $4.2 trillion over 10 years, largely by extending most...
Tags: trillion, obama, barack, Barack Obama, national debt, McCains Obamas, add trillions, John McCain, tax plans, tax policy
The world's biggest bond fund manager anticipates that Barack Obama will be the next U.S. president, and warns that he will face stern economic circumstances...In his monthly "Investment Outlook" letter for July, he says the next president will inherit...
Tags: obama, trillion, barack, Barack Obama, fund manager
Obama, the Democrat, seemingly has a traditional liberal outlook of taxing the rich more while having the government help people of more modest means through tax breaks...The Tax Policy Center, a nonpartisan joint project of the Brookings Institution...
Tags: administration, trillion, financial, poison pill
Under the spending assumptions of the Congressional Budget Office, the Obama plan would raise the national debt by $3.3 trillion over the next 10 years, while the McCain plan would increase it by $4.5 trillion. "The fully phased-in estimates for McCain's...
Tags: mccain, trillion, budget, lawrence, debt, director, barack, John McCain, Obama
Pakistan's sizzling economic growth slowed to 5.8 percent because of poor farm output and sluggish industrial expansion, the government said Tuesday...Finance Minister Naveed Qamar said projections indicated the economy expanded 5.8 percent in the current...
Tags: trillion, economic survey, current fiscal, finance minister, Pakistan Peopleï, Syed Naveed Qamar, domestic product, minister naveed, gross domestic, trade deficit
The rupiah fell 22 points to 9,350/9,360 per dollar on Monday morning as investors bought the dollar following last Friday`s rise in global crude prices to US$130 a barrel, a money market observer said. The market pressure on the rupiah was quite strong...
Tags: trillion, central banking
S ballooning foreign debt topped $1 trillion for the first time in the March quarter, as the nation borrowed record amounts from the world to finance its spending habits. The current account deficit also widened to a new record of almost $20 billion in...
Tags: trillion, current account, account deficit
President Bush ratcheted up the stakes Thursday in a looming battle with congressional Democrats eager to add many billions of dollars to his long-pending request for war funding. Bush vowed to veto any bill exceeding his $108 billion request for military...
Tags: economy, trillion, war, democrats, president, iraq war, Iraq, Bush, obama, trillion dollar
CNN) -- The Pentagon is $295 billion over budget on dozens of key programs and taking more time to deliver the systems to the front lines, according to a report released by a government watchdog agency. Improvements to the F-22A Raptor are running
Tags: trillion, congress, Pentagon, reporting released