Us Budget

  • US budget deficit down to USD 680 bn, lowest in 5 years October 31, 2013

    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, when...
  • US: Obama's tax blueprint, an opening gambit April 11, 2013

    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 en...
  • Obama presses Congress for deal to end US spending cuts March 2, 2013

    Washington: Just hours after across-the-board spending cuts officially took effect, President Barack Obama pressed Congress on Saturday to work with him on a compromise to halt a fiscal crisis he said was starting to "inflict pain" on communities across the United States. Obama and a bipartisan group of congressional leaders...