Tag Archives: Fiscal Deficit

Obama is cutting expenses, the budget of 2011 will be up to $3870Bn

2 Feb

The president Barack Obama will trim the funds from 120 governmental programs to contain deficit, said the White House according “The New York Times”, Barack Obama will release next Monday a federal budget of $3,800Bn.

According ‘The New York Times’, the proposal includes $25Bn for the states with more difficulties and the increase of financiation for the Energy department, the National Health Institutes, The National Science Foundation and the Census Office.

saving money during hard financial times 01 af1 Obama is cutting expenses, the budget of 2011 will be up to $3870Bn

The White House declined to confirm or negate the information from the Newyorkian Newspaper, that estimates the budget in $3,800Bn.

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Obama is Trimming the Fiscal Deficit

29 Jan

The fiscal deficit in the United States for this year will reach the $1350Bn, according the calculations from the Congress Budget Office (CBO), this will suppose a light reduction respect the $1400Bn from the fiscal year 2009.

In his official report, featured yesterday, the CBO also predicted a fall of the deficit to $980.000 million for the fiscal year 2011, what is the 6,75% of the Gross Domestic Product (GDP) of the country.

Obama fiscal deficit Obama is Trimming the Fiscal Deficit

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