U.S. Budget Deficit

U.S. Budget Deficit News

• U.S. Treasury Takes Extra Steps to Stay Under Federal Debt Limit

  The Treasury Department announced further steps to keep funding the government without going over the nation’s debt limit, amid a stalemate between Congress and the Obama administration on approving an increase in the ceiling.

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  U.S. 10-Year Yield at Almost 2-Month High Before Bernanke Talk

  Treasury 10-year note yields traded at almost a two-month high before Federal Reserve Chairman Ben S. Bernanke discusses the economic outlook in congressional testimony this week.

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  Ebbing Deficit Likely to Keep Rates Low When Fed Tapers

  Federal Reserve policy makers say they want to avoid a sudden increase in interest rates when the time comes to start unwinding record monetary easing. A shrinking federal budget deficit is likely to help them meet that goal.

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  S&P 500 Slips From Record as Yen Rebounds; Gold Advances

  The Standard & Poor’s 500 Index retreated from a record amid concern the Federal Reserve will scale back its stimulus efforts. Gold and silver advanced as Moody’s Investors Service warned the U.S. rating may be cut. The yen rebounded from the weakest level since 2008.

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  U.S. Faces Downgrade in 2013 Without Budget Deal, Moody’s Warns

  U.S. policy makers must address debt loads projected to rise later this decade to avoid a 2013 downgrade, even as the latest budget projections are “credit positive,” according to Moody’s Investors Service.

• Treasuries in Longest 2013 Losing Streak as Fed May Trim Policy

  Treasuries fell in the longest losing streak this year as the economy showed more signs of strength, prompting speculation the Federal Reserve may start to slow the pace of its monetary stimulus.

• Treasuries Drop as Consumer Confidence, Indicators Top Forecasts

  Treasuries declined after a measure of consumer confidence in May reached an almost six-year high and an index of leading economic indicators topped forecasts, as Federal Reserve officials debate the pace of asset purchases.

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  S&P 500 Extends Record High While Euro Slumps on Economy

  Stocks rose, sending the Standard & Poor’s 500 Index to another record, as weakness in manufacturing and a drop in wholesale inflation fueled bets the Federal Reserve will be in no rush to scale back stimulus. The euro slid as the region’s recession deepened.

• U.S. Halts Bond Sales to Municipalities to Avoid Debt Limit

  The U.S. Treasury Department suspended sales of securities to local and state governments, the first of several steps it can take to keep funding the government without breaching the nation’s debt limit.

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  U.S. Deficit Narrows to $642 Billion in New CBO Estimate

  The U.S. budget deficit will shrink by the end of fiscal 2013 to $642 billion, the smallest shortfall in five years, according to the nonpartisan Congressional Budget Office.

U.S. Budget Deficit Photos

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