Us Budget Deficit

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  Biden's Proposed Budget Aims To Hike Ukraine Aid, Tax The Rich

  The United States would allocate billions of dollars in aid to Ukraine, tax the wealthy and lower its deficit under a budget proposal President Joe Biden unveiled on Monday.

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  US Federal Deficit May Explode To $3.7 Trillion In 2020 Amid Pandemic

  The US economy is expected to contract by double digits as unemployment surges, while the federal deficit is seen exploding to $3.7 trillion in 2020, the Congressional Budget Office said Friday.

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  Rupee Logs Steepest Single-Day Fall In Over A Month

  Extending its decline to a second consecutive session, the rupee fell by 56 paise or 0.8 per cent on Monday to end at 71.80 versus the US dollar. The yield on 10-year bond rose 3 basis points to 7.41 per cent from 7.38 per cent on Friday. The rupee and bonds came under pressure after credit rating agency Moody's said that the inability to meet fisc...

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  Annual US Budget Deficit Hits $779 Billion, Highest Since 2012: Treasury

  The US budget deficit hit a six-year high of $779 billion in the most recent fiscal year, the Treasury announced Monday, underscoring the cost of last year's sweeping tax cuts.

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  Asian Shares Flirt With Six-Week Lows

  US congressional leaders reached a two-year budget deal to raise government spending by almost $300 billion, a rare display of bipartisanship that is positive for risk sentiment but is also widening the federal deficit sharply.

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  Rupee Plunges To 6-Week Low Against US Dollar Today: 5 Updates

  The rupee has been on a weakening streak since the start of this month. The rupee had plunged by 44 paise against the US dollar on Budget day (Thursday), after the government announced a long-term capital gains (LTCG) tax on equities and set a fiscal deficit target at a wider-than-expected 3.3 per cent for FY19.

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  Day After Budget, Sensex Suffers Biggest Selloff Since November 2016: 10 Points

  Sensex and Nifty suffered a big selloff today, a day after Finance Minister Arun Jaitley unveiled Union Budget 2018-19. A higher-than-expected fiscal deficit target for 2018-19 and imposition of new long-term capital gains tax on equities hurt the market sentiment, say experts. The BSE benchmark index Sensex closed 839 points lower at 35,066, while...

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  Republican Plan To Repeal Obamacare Would Leave Millions Uninsured: Report

  Fourteen million Americans would lose medical insurance by next year under a Republican plan to dismantle Obamacare that would also reduce the budget deficit, the nonpartisan U.S. Congressional Budget Office said on Monday.

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  Donald Trump Vows 'Greatest Military Build-Up In American History'

  President Donald Trump said he would make a massive budget request for one of the "greatest military buildups in American history" on Friday in a feisty, campaign-style speech extolling robust nationalism to eager conservative activists.

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  US President Donald Trump To Inherit A Stable Economy: Study

  Congressional analysts on Tuesday projected that US President Donald Trump has inherited a stable economy and a government that is on track to run a $559 billion budget deficit for the ongoing budget year.

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  Jerry Brown Sworn in For Record Fourth Term as California Governor

  Democrat Jerry Brown, who turned around California's finances after years of deficits, vowed to keep a tight rein on spending as he was sworn in on Monday for a record fourth term at the helm of US's most populous state.

• US Budget Deficit Drops to $483 Billion, Lowest Since 2008

  The deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama's six years in office, the US government reported Wednesday.The deficit for the just completed 2014 budget year was $483 billion, the lowest of President Barack Obama's six years in office, the US government reported on Wednesday.

• US Fiscal 2014 Budget Deficit Down at $486 Billion: Report

  The US budget deficit fell by nearly a third during fiscal 2014 to $486 billion as federal revenues grew far faster than spending, the Congressional Budget Office said on Wednesday.

• US Budget Deficit to Drop to 583 Billion in 2014

  The US budget deficit in 2014 will come down to $583 billion, a drop of $100 billion over the previous year. This is the sharpest drop during the period of Obama administration, the White House said on Friday.

• United States Records $71 Billion Budget Surplus in June

  The US government ran a monthly budget surplus in June, putting it on course to record the lowest annual deficit since 2008.