Us Budget

  • US budget deficit down to USD 680 bn, lowest in 5 years 31-10-2013 07:19 AM

    Washington: For the first time in five years, the US government has run a budget deficit below USD 1 trillion. The government said on Wednesday that the deficit for the 2013 budget year totalled USD 680.3 billion, down from USD 1.09 trillion in 2012. That's the smallest imbalance since 2008,...
  • US: Obama's tax blueprint, an opening gambit 11-04-2013 05:07 AM

    Washington: President Barack Obama on Wednesday revived a list of his favorite tax ideas, hoping to raise $580 billion in new revenues from the wealthy over a decade in a potential opening gambit to forge a deal with Congress to overhaul the tax code. While certain not to move forward...