On May 14, as Washington officialdom was transfixed by the IRS scandal, the Congressional Budget Office announced that the budget deficit will shrink this fiscal...

* Deficit seen at 0.6 pct of GDP in 2014, 0.7 pct in 2015 * Putin promised balanced budget by 2015 * Finance Ministry says spending will remain constrained By Maya Dyakina MOSCOW, May 22 (Reuters) -...

* Deficit seen at 0.6 pct of GDP in 2014, 0.7 pct in 2015 * Putin promised balanced budget by 2015 * Finance Ministry says spending will remain constrained By Maya Dyakina MOSCOW, May 22 (Reuters) - Russia is likely to run a budget deficit at least u

What is the single biggest economic problem facing people early in this century? It is not the budget deficit or national debt. It is the...

TEL AVIV, May 20 (Reuters) - Israel plans to amend a law granting companies tax breaks and grants to invest in the country as the government tries to close a widening budget deficit.

TEL AVIV, May 20 (Reuters) - Israel plans to amend a law granting companies tax breaks and grants to invest in the country as the government tries to close a widening budget deficit.

TEL AVIV, May 20 (Reuters) - Israel plans to amend a law granting companies tax breaks and grants to invest in the country as the government tries to close a widening budget deficit.

TEL AVIV, May 20 (Reuters) - Israel plans to amend a law granting companies tax breaks and grants to invest in the country as the government tries to close a widening budget deficit.

WASHINGTON (Reuters) - The chances of a deal between Democratic and Republican lawmakers that would overhaul the tax system, trim government spending and reform safety net spending programs appear to be fading.

  The Congressional Budget Office put conservative economic thinkers on their ass this week. In this Report (pdf), the CBO concluded that the US budget deficit is about to collapse to insignificance. The improvement in the deficit outlook is so

The plan includes limiting the deductions and exclusions high-income families can claim, increasing taxes on tobacco products and adopting a new minimum tax on income over $1 million.    

WASHINGTON -- Congress' nonpartisan budget analyst says President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade. The Congressional...

WASHINGTON (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be $1.1 trillion lower over the coming decade, CBO said on Frida

WASHINGTON, May 17 (Reuters) - Near-term U.S. deficits under President Barack Obama's 2014 budget plan would be higher than those forecast by the Congressional Budget Office this week but would be...

WASHINGTON, May 17 (Reuters) - Near-term U.S. deficits under President Barack Obama's latest budget plan would be higher than the most recent estimates by the Congressional Budget Office, but $1.1...

The week’s data show how clothing prices have been under wraps for over 20 years, while the budget deficit looks to be in better shape than previously estimated. See the data in charts.

The new CBO budget projections showing debt stabilization over the next decade and a reduction of the expected FY 2013 deficit to $642 billion hasn't been deemed by Washington as a "scandal," although falling deficits amid high unemployment and below

WASHINGTON -- Congressional Republicans are seeking deeper cuts to nutrition programs this year even as the federal budget deficit is shrinking faster than expected. The...

The CBO said this week that America's fiscal deficit will be much smaller than anyone thought, and that long term debt growth will slow by at least 3 points through the next decade.    That's good news right? In his note today, Deutsche Ban

The leaders of France and the European Union's executive body said the euro zone should remain open to relaxing budget restrictions in tough economic times after preliminary data showed France has slipped into a recession.

NEW YORK (TheStreet) -- The U.S. budget deficit in 2013 is projected to shrink faster than earlier thought, thanks in large part to the government's new cash cows, bailed-out housing giants Fannie Mae and Freddie Mac.The Congressional Budget Office o

Great news!

WASHINGTON -- The good news is the budget deficit for the current year is projected to come in well below what was estimated just a...

The Congressional Budget Office (CBO) released their new Updated Budget Projections: Fiscal Years 2013 to 2023If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, the Cong

The Congressional Budget Office cited bigger-than-expected tax receipts and payments from Freddie Mac and Fannie Mae.    

WASHINGTON, May 14 (Reuters) - The U.S. budget deficit is shrinking considerably more quickly than previously thought and revenue growth will outpace spending increases over the next two years, the Congressional Budget Office said on Tuesday.

WASHINGTON, May 14 (Reuters) - The U.S. budget deficit is shrinking considerably more quickly than previously thought and revenue growth will outpace spending increases over the next two years, the...

WASHINGTON, May 14 (Reuters) - The U.S. budget deficit is shrinking considerably more quickly than previously thought and revenue growth will outpace spending increases over the next two years, the...

WASHINGTON (AP) — A new government estimate says the budget deficit for the current year will come in well below what was projected just a...

WASHINGTON (MarketWatch) -- The Congressional Budget Office on Tuesday slashed its estimate of the current year deficit by $200 billion to $642 billion, which would represent the lowest deficit since 2008 and a deficit-to-GDP ratio of 4%. The reduced

Ratings agency Fitch upgrades Greece's credit rating, citing progress in cutting its budget deficit.

WASHINGTON, May 14 (Reuters) - The U.S. budget deficit this year will be $203 billion lower than previously estimated, the Congressional Budget Office said on Tuesday, citing rising tax revenues and...

The Congressional Budget Office just published its Budget and Economic Outlook. According to their updated forecast, the U.S. deficit will shrink to $642 billion this year. This is down from an estimate of $845 billion in February. More to come... Pl

ATHENS, May 14 (Reuters) - Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing the country's progress in cutting its budget deficit and the receding...

Fitch Ratings upgraded Greece's sovereign credit rating a notch, citing Athens's progress in tackling its budget deficit and rebalancing its economy, along with a reduced risk of a Greek exit from the euro zone.

ATHENS, May 14 (Reuters) - Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing progress in cutting its budget deficit and the risk of a euro zone exit...

The Congressional Budget Office study predicts a 2013 budget deficit of $642 billion.

The gain was the latest sign of resilience in an economy that has been hit by belt-tightening in Washington as the government tries to cut the budget deficit.    

When it comes to deficit reduction,President Barack Obama may have correctly taken the measure ofAlan Simpson and Erskine Bowles and U.S. corporate leaders;that’s a reason why any deficit deal is more remote than ever.

ISTANBUL, May 11 (Reuters) - Egypt's budget deficit will be around 200 billion Egyptian pounds ($28.75 billion), equivalent to 11.5 percent of national output, in the 2012/13 year to the end of June, newly-appointed Investment Minister Yehya Hamed sa

The simmering stew between Germany and France boiled over again this week as German Central Bank Head Blasts France. France needs more time to get its budget deficit under control. That much was made clear last Friday when the European Commission ann

House Republicans, looking ahead to the next budget battle, are broadening their focus beyond a signature insistence on spending cuts to explore other strategies for reducing the deficit.

* Government originally targeted deficit of 3.6 pct of GDP

The federal deficit is shrinking faster than expected due to surging tax revenue and bailout paybacks, altering the budget debate.

BLOOMBERG VIEW: This week, in an interview with Bloomberg Television, House Speaker John Boehner warned that the U.S. government must balance its budget. After all,...

Earlier I mentioned the improvement in the California budget (a sign that the drag from state and local governments is ending).Of course the Federal budget deficit is falling quickly.Here is the CBO's monthly budget review: The federal government ran

John Boehner knows the government has run budget deficits for 55 of the last 60 years, but somehow doesn't realize that shows that deficits are sustainable.