Posts Tagged ‘deficit’
US trade deficit widens to $42.3 billion in May (AP)
AP – The U.S. trade deficit widened in May to the highest level in 18 months as a rebounding economy pushed up demand for imports of foreign-made cars, computers and clothing.
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Guv fires up $1.60 tax increase on cigarettes to close deficit
Gov. Paterson gave the Legislature another take-it-or-leave-it proposal Friday – this time over a whopping hike in cigarette taxes.
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Jobless aid bill hits deficit wall in Senate (AP)
AP – President Barack Obama’s plea for more stimulus spending as insurance against a double-dip recession hit a roadblock in the Senate on Wednesday, the victim of election-year anxiety over huge federal deficits.
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China’s $7.24B March trade deficit 1st in 6 years (AP)
AP – China reported its first monthly trade deficit in nearly six years in March, a shift expected to be shortlived that may give Beijing only a slight respite from pressure to revalue its currency.
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Congressional estimates show grim deficit picture (AP)
AP – A new congressional report released Friday says the United States’ long-term fiscal woes are even worse than predicted by President Barack Obama’s grim budget submission last month.
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Obama budget: Record spending, record deficit (AP)
AP – Spelling out painful priorities, President Barack Obama urged Congress on Monday to quickly approve a huge new shot of spending for recession relief and job creation, part of a record $3.8 trillion budget that would boost the deficit beyond any in the nation’s history while only slowly beginning to put Americans back to work.
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Obama: Cutting deficit as important as job growth (AP)
AP – Trimming budget deficits is as important as creating jobs to sustain the economic recovery, President Barack Obama said Saturday.
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