deficit

AP - The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth year in a row, putting more pressure on Congress and President Barack Obama in an election year. More...

AP - The stock market was not exactly surprised that a so-called supercommittee in Congress failed to reach a deal to cut the federal budget deficit. But since summer, investors have sold at the first hint of trouble. More...

President Obama meets with Democratic and Republican leaders at the White House on November 30. A new political reality hits Washington next week, with the first split Congress since 2004 raising questions about whether the bipartisan cooperation of the recently concluded lame-duck session can...

Many North Korean children, like these shown with World Food Programme provisions in 2005, battle malnutrition. About 5 million North Koreans will continue to face food shortages because of a grain deficit, two United Nations agencies warned Tuesday. North Korea requires 867,000 metric tons of...

Poll: Seniors know little about reform law WASHINGTON, Only 22 percent of U.S. seniors age 65 and older say the Affordable Health Care Act would not cut their basic Medicare benefits, a survey indicates. The survey for the National Council on Aging found 42 percent of the seniors say --...

OTTAWA – The Canadian province of Quebec will run a higher-than-expected budget deficit of C$4.7 billion ($4.4 billion) this fiscal year, Finance Minister Raymond Bachand said on Tuesday. In its March budget, the Quebec government had forecast a C$3.9 billion deficit. The shortfall includes a...

OTTAWA (Reuters) – The Canadian government reported on Friday a preliminary budget deficit of C$2.25 billion ($2.05 billion) for 2008-09, twice the amount it had forecast earlier this year as the recession caused tax revenues to dwindle. The deficit, which is subject to revisions in coming...

$50 billion deficit? Harper says he's willing to spend more if needed By Julian Beltrame, The Canadian Press OTTAWA - An unapologetic Prime Minister Stephen Harper defended his government's oversized $16-billion miss on the federal deficit Wednesday and declared he is prepared to go even...