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...
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...
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...
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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...
China Hopes Trade Deficit Will Slow Calls for Weaker Currency China hopes its first quarterly trade deficit in seven years will quiet calls for it to revalue its currency, which Western nations say is artificially low and gives Chinese companies a tr...
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...
U.S. President Barack Obama is urging Americans to overcome a deficit of trust in government and work together to solve a damaged economy and other problems. The economy was high on the president's list of priorities in his annual State of the Union...
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...
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...