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- U.S. Looks to Cut Deficit With Unused TARP Funds: Report
- (Reuters) - The White House is looking to cut its budget deficit by using some unspent funds from the U.S. government's Troubled Asset Relief Program TARP, the Wall Street Journal said, citing people familiar with the matter.Members of the Obama administration are still debating the idea, the paper said, adding...
- News items 2009-11-12
- Deficit Cuts to Be Enshrined in Law - Mandelson
- LONDON (Reuters UK) - The government will enshrine in law its commitment to halve the budget deficit over the next four years, Business Secretary Peter Mandelson said on Wednesday."What you will see is a very strong and rich policy agenda to strengthen economic growth and secure our economy ... as...
- News items 2009-11-18
- Not-So-Golden State
- California is facing a massive $41.6 billion deficit, as state legislators have failed to successfully pass a budget. But as Bill Whitaker reports, the Golden State is not the only state hurting.
- Videos 2009-04-15
- Obama's Economic Confidence
- President Obama and top White House staffers are urging Americans to remain confident about the economy and its ability to rebound. CBS News chief White House correspondent Chip Reid reports.
- Videos 2009-03-13
- China's Rise to Prominence
- With the United States owing the nation more than $1 trillion, China has emerged as a growing worldwide superpower with increasing political importance. Barry Petersen reports from Beijing.
- Videos 2009-04-02
- Glimmers Of Hope
- Although we're not out of the woods yet, Pres. Obama said we're beginning to see glimmers of hope that the troubled U.S. economy is making progress. Bill Plante reports. Anthony Mason offers analysis.
- Videos 2009-04-14
- Your Taxes Set to Rise?
- America's debt is expected to nearly double over the next 10 years, to $9 trillion. Here's how the big numbers are likely to affect you.
- Videos 2009-08-26
Additional Resources
- Demand Dunks Trade Deficit
- Instead of pushing rates down to zero, Fed chairman Ben Bernanke is outlining a road map of unconventional tools to prop up the economy. The recession has pulled the rug out from under demand, sending the U.S. trade deficit in November to its lowest level in five years. email print...
- News items 2009-08-07
- French current account deficit narrows to 2 billion euros in September
- PARIS AFP — France's provisional seasonally adjusted current account deficit narrowed to 2.069 billion euros (2.6462 billion dollars) in September from a revised deficit of 3.868 billion in August, the finance ministry said. The August deficit was initially reported as 4.067 billion euros. The September deficit was slightly larger than...
- Research articles 2006-11-17
- Record Deficit May Dash Obama's Big Plans
- Diane Lim Rogers submits: Friday’s headline in the Washington Post: “Record-High Deficit May Dash Big Plans”–refers primarily to President Obama’s “big plans” for further deficit-financed stimulus spending. But realistically, the large (though still smaller-than-expected) $1.4 trillion deficit is a threat to all of the Administration’s...
- External links 2009-10-18
- Labour Targets Deficit Ahead of Vote
- By Keith Weir and Matt FalloonLONDON (Reuters UK) - The government promised on Wednesday to halve its huge budget deficit and curb bankers' pay in the hope of reviving its popularity before a national election next year.The Conservatives are on course to win an election due by June, ending Labour's...
- News items 2009-11-18
- The Budget Deficit
- For fiscal year 1997 the federal government recorded a budget deficit of less than $24 billion--less than 0.3 percent of national product. Thus the attainment of an extremely low budget deficit can be interpreted in four different ways. At the shallowest level the 1997 budget and deficit-reduction agreement marks a...
- White papers 1997-01-12
- America's Record Trade Deficit: A Symbol Of Economic Strength
- America's chronic trade deficit continues to set new records, both for its sheer size in nominal terms and for its share of an expanding gross national product. The record deficit is fueling worry that it could hurt U.S. industry, destroy jobs, burden future generations, and cause the current economic expansion...
- White papers 2001-02-09
- Deficit triples in fiscal 2009, reaches 10 percent of GDP
- The Congressional Budget Office said on Wednesday that the deficit for fiscal 2009, which ended Sept. 30, totaled about $1.4 trillion, a $950 billion increase over the shortfall posted in fiscal 2008.The deficit now represents 9.9 percent of the gross domestic product, which is up from 3.2 percent in fiscal...
- News items 2009-10-08
- U.S. budget deficit seen topping $1 trillion in 2009
- By Jeremy Pelofsky and David Lawder WASHINGTON (Reuters) - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan. The Congressional Budget...
- News items 2009-08-07
- Rising oil imports widen trade deficit
- Britain's trade deficit widened in June but showed an overall decline across the second quarter as the weaker pound encouraged exports and hit imports. The trade deficit with the rest of the world rose from ??6.2bn in May to ??6.5bn in June as imports of oil rose, probably because of...
- News items 2009-08-13
- Deficit prompts Vt. Blues chief to quit. (Blue Cross and Blue Shield of Vermont, Timothy Meehan)
- Deficit Prompts Vt. Blues Chief To Quit A multi-million dollar deficit at Blue Cross and Blue Shield of Vermont has precipitated the company president's resignation. The problem came to a head recently when Timothy Meehan resigned his position andDeficit Prompts Vt. Blues...
- Research articles 1989-10-02
- Slash deficit, or face financial meltdown.(Editorial)
- Before they left Washington for the Thanksgiving break, members of Congress failed to pass a weak deficit reduction bill that would have cut the federal deficit by $50 billion over the next five years. The bill probably will be passed by both...
- Research articles 2005-12-05
- TRADE DEFICIT STATISTICS
- According to "Dunya", foreign trade deficit narrowed down to USD 1.5bn in Jan, from the record level of USD 3.6bn in Dec 03. In Dec 03, the surge of imports was the factor behind the sizable foreign trade deficit, which raised concerns (the secoAccording to "Dunya", foreign trade deficit narrowed...
- Research articles 2004-04-01
- AUSTRALIA BOOKS US$1.3 BLN TRADE DEFICIT IN JUNE: ABS.
- SYDNEY, July 29 Asia Pulse - Australia's huge monthly trade deficit has the domestic economy on track for a record current account deficit in the June quarter, economists said today. SYDNEY, July 29 Asia Pulse - Australia's huge monthly trade deficit has the domestic...
- Research articles 2003-07-29
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