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Budget deficit hits record; jobless claims surge
WASHINGTON - The nation's financial picture grew darker Thursday, a day marked by breathtaking numbers: a quarter-trillion-dollar budget deficit for a single month and projections of up to $1 trillion for a year, a half-million new applications for unemployment benefits and a 900-point swing on Wall Street.
Nations:India Brazil U.S. Russia People:Christopher Dodd Barack Obama George W. Bush Activities:2008 U.S. Recession U.S. Markets
2008-11-13
October budget deficit hits record of $237.2B
WASHINGTON - The federal government began the new budget year with a record deficit of $237.2 billion, reflecting the billions of dollars the government has started to pay out to rescue the financial system.
Nations:U.S. People:Barack Obama Source:(AP)
2008-11-13
NYC raises red-carpet fees, fines in budget crunch
NEW YORK - Facing alarming budget deficits, the city has come up with some unusual ways to save money and cut costs: Steeper fees for red-carpet events. Higher parking meter rates. Cheaper reflective traffic signs instead of lighted versions.
Nations:U.S. People:Michael Bloomberg Source:(AP)
2008-11-07
Obama must quickly create budget
One of President-elect Barack Obama's most urgent priorities will be putting forward a new budget, the document that will most clearly explain and encapsulate the administration's agenda.
People:Barack Obama Ronald Reagan George W. Bush Bill Clinton Activities:Obama Admin. Source:(Politico)
2008-11-06
New York budget faces 47 billion dollar abyss: governor
NEW YORK (AFP) - New York state must make "painful" spending cuts to cope with an estimated 47 billion dollar budget shortfall over the next four years, the state governor warned Tuesday.
Nations:U.S. People:David Paterson Activities:Global Financial Crisis Source:(AFP)
2008-10-29
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Budget
