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deficits

Budget surpluses spur tension in some GOP states

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Parties change tune on deficit when they change power

Now, President Barack Obama and congressional Democrats argue that deficits in the current environment are essentially a force for economic good and that it isn't really necessary to eliminate them.

Dutch deficit on path to break European rules

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Spain's 2012 deficit falls, but not to level hoped

Spain's Prime Minister Mariano Rajoy has conceded that the government just failed to reduce its budget deficit in 2012 to the level it promised European authorities.

German central banker: stick to deficit goals

The head of Germany's national central bank urged France to set an example for troubled eurozone countries and help restore confidence in the euro by bringing down its budget deficit.

PM says Spain cut deficit for 2012 to under 7 pct

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Growth in US budget deficit slows in January

The federal government reported a rare surplus for January and is on track to run its smallest budget deficit since President Barack Obama took office.

Postal Service delivery plan is needed to address deficit

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CBO: Budget deficit estimated at $845B

A new government report is predicting the budget deficit will drop below $1 trillion for the first time in President Barack Obama's tenure in office.

Texas lawmakers move to make-up $5B budget deficit

Lawmakers faced with a $27 billion budget deficit in 2011 intentionally underfunded Medicaid and cut $5.4 billion from public schools.

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WASHINGTON: April surplus of $113B lowers US budget deficit

President Barack Obama's administration has coincided with four straight $1 trillion-plus deficits.