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

奥巴马每日发言Calling for Fiscal Discipline(2009-4-25)

Prepared Remarks of President Barack Obama Weekly Address April 25, 2009 Good morning. Over the last three months, my Administration has taken aggressive action to confront an historic economic crisis. As we do everything that we can to create jobs

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

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

China reiterates proactive fiscal policy stance in 2012

BEIJING, Feb. 22 (Xinhua) -- China will continue to implement a proactive fiscal policy this year amid complicated economic environments both at home and abroad, Minister of Finance Xie Xuren said Wednesday. In an article published on the ministry's

Obama Presses Case for 'Fiscal Cliff' Deal

WHITE HOUSE President Barack Obama used a truck manufacturing plant in the midwestern United States as the backdrop for a speech Monday about the economy, and the importance of achieving an agreement in fiscal negotiations with congressional Republic

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

Obama Campaigns for Fiscal Plan

WHITE HOUSE President Barack Obama visited a familys home near Washington on Thursday as part of his campaign to persuade Congress to pass his economic plan. Obama paid a visit to Tiffany and Richard Santana, who responded to his call asking American

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 Directs Lawmakers to Work Out Stopgap Fiscal Deal

WHITE HOUSE President Barack Obama has told U.S. congressional leaders to work out a stopgap deal that would prevent the U.S. economy from falling off the fiscal cliff of expiring tax cuts and mandatory government spending cuts. Obama's appearance be

Obama Heads to G20 With US Fiscal Woes in Tow

As President Barack Obama welcomes this week's European debt-relief agreement, the White House says he will go to the G20 summit in France able to point to some progress in fixing the U.S. fiscal situation. In reacting to the European deal, Obama sai

US Congress Shows No Urgency on 'Fiscal Cliff'

CAPITOL HILL Four days before Americans face massive automatic tax increases and deep federal spending cuts, Washington is showing no signs of forging a deficit reduction agreement to avert the so-called fiscal cliff. Many lawmakers are absent from W

Congressional Leaders Optimistic About Fiscal Talks

Congressional Leaders Optimistic About Fiscal Talks WHITE HOUSE Republican and Democratic congressional leaders voiced optimism after White House talks Friday with President about chances for an agreement to avoid the so-called fiscal cliff facing th

CCTV9英语新闻：China's fiscal income rises 6.3 % in Jan.-Feb.

China's fiscal data shows higher growth in spending than income in the first two months of 2016, creating more room for government debt. China's fiscal income in the first two months of this year grew 6.3 percent from a year ago, at 2.7 trillion yuan