Bush budget sees bigger deficits as economy slows (Reuters)

Courtesy Ytop stories  Mon, 02/04/2008 - 7:41am

U.S.<br /><br />President George W. Bush speaks about his Administration's Global War on Terror and national security while at the Emerald at Queensridge in Las Vegas, Nevada, January 31, 2008.<br /><br />Bush will on Monday unveil a $3 trillion budget that likely will spark anew the wrangling between the White House and the Democratic-led Congress over Iraq war funding, tax cuts and the sagging economy.<br /><br />(Larry Downing/Reuters)Reuters - U.S. President George W. Bush acknowledged on Monday a weaker economy would lead to higher budget deficits, as he unveiled a $3.1 trillion spending plan for fiscal year 2009 that would nearly freeze domestic programs.




 

More related items

Bush, Obama reflect on Thanksgiving (AP)
AP - President George W. Bush is spending Thanksgiving at his Camp David retreat, thankful for his almost-expired "privilege of serving as the president."

Obama's tax hike for the rich may be delayed (AP)
AP - An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised...

Bush wrapping up final global summit (AP)
AP - President George W. Bush, wrapping up his final summit with world leaders, offered a message of hope that despite the worst economic crisis in decades, the global economy will emerge in...

Bush urges countries to avoid protectionism (AP)
AP - President George W. Bush, attending his final global summit at a time of severe financial crisis, urged other countries on Saturday not to repeat mistakes that turned a similar calamity...

Bush rallies China's help on North Korea (AP)
AP - In a last dash of diplomacy, President George W. Bush on Friday sought China's help in pinning down North Korea to keep its shaky promises of nuclear disarmament.


 

Post new comment

The content of this field is kept private and will not be shown publicly.