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Deficit, Economy Worry Texans Ahead of State of Union Address Tomball is a little town northwest of Houston known for shops that sell antiques and handicrafts. One of the largest and most colorful is Granny's Korner. Owner Mary Harvey says she will l...
WASHINGTON, Jan. 25 (Xinhua)-- The Unites States needs to address its budget deficit, but measures to be taken should not bring counterproductive effects as the nation also face jobs and growth deficits, said a renowned U.S. economist and President O...
Spain is getting ready to start the new year with a new round of austerity measures, hoping to contain a growing deficit. The country's new government announced $11.5 billion in fresh spending cuts Friday, saying the budget was in worse shape than th...
Hopes were dashed this week for bold congressional action to slow the growth of Americas $15 trillion national debt. A special bipartisan committee failed to agree on ways to trim the deficit by $1.2 trillion. But if Congress has shown itself incapab...
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...