1. Most Discussed
  2. Gainers & Losers

US Budget deficit blows out to $US300b

  1. Acronym

    730 Posts.


    US Budget deficit blows out to $US300b

    The White House has announced a blowout in the US Federal Budget deficit.

    The increase is blamed on the war on terrorism and the slowing economy.

    The White House is projecting a Federal Budget deficit of almost $US300 billion in the current fiscal year, a blowout of almost $US100 billion but the numbers also predict the numbers will shrink next year.

    The news is likely to reignite debate about why the Government is in the red after the Clinton administration left in 2000 in surplus.

    The Bush White House is blaming the slowing economy, the cost of September 11 and the resulting war against terrorism for the increase in expenditure.

    A tax cut, one of the President's campaign promises has also eroded the surplus.


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.