Inside these posts: Federal budget deficit

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Moody’s: ‘Almost no chance’ for Obama budget

President Barack Obama’s budget proposal would be “marginally positive” for U.S. credit ratings in the short term, but there is “almost no chance” Congress will pass the plan as it was presented, Moody’s Investors Service said on Monday. Get the full story »

GOP budget chairman assails Obama spending plan

The House Budget Committee chairman says Republicans don’t want to see the government shut down in a fight with President Barack Obama over spending priorities.

Wisconsin Republican Paul Ryan also tells ABC’s “Good Morning America” the GOP doesn’t want to “rubber stamp” spending policies it opposes just to keep the government running. Get the full story »

U.S. budget deficit narrowed in December

The federal budget deficit narrowed slightly in December from a year earlier, but the deficit for the entire year is still on pace to exceed $1 trillion.

The government ran a deficit of $80 billion last month, down 12.4 percent from the previous December, the Treasury Department said Wednesday. Through the first three months of the current budget year, the deficit totals $370.8 billion, an improvement of 3.1 percent a year earlier. Get the full story »

U.S. budget deficit narrows in fiscal 1Q

The U.S. budget deficit narrowed slightly in the first three months of the fiscal year as revenue grew at a faster rate than outlays, the nonpartisan Congressional Budget Office estimated Friday.

The government recorded a deficit of $371 billion in October, November and December, $18 billion less than a year earlier, CBO said.