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Broadcast: Feb 09, 2003 In terms of dollars and cents, the 2004 budget request increases spending for defense, the war against terrorism and homeland security. It also expands tax cuts, a move the Bus
The Bush administration says the ballooning U.S. federal budget deficit will rise even higher next year, shattering the record set four years ago. From the White House, VOA's Michael Bowman reports. In a report to Congress, the Bush administration s
By Al Pessin Pentagon 04 February 2008 President Bush's budget for next year, sent to the Congress for debate on Monday, includes more than half a trillion dollars in basic defense spending, and another $70 billion to fund the wars in Iraq and Afghan
BEIJING/WASHINGTON, March 2 (Xinhua) -- As Jacob Lew was sworn into office as the new U.S. Treasury Secretary on Thursday, U.S. President Barack Obama has so far put in place three key positions in his second-term cabinet. However, what greeted Lew,
U.S. President Barack Obama has sent a $3.8 trillion budget request to Congress for the fiscal year that begins on October first. It is the first step in what is expected to be a long, contentious budget process. President Obama is walking a fine lin
WASHINGTON, Feb. 14 (Xinhua) -- U.S. base defense budget(预算) -- excluding the cost of the wars in Iraq and Afghanistan -- for the next fiscal year rises to a new record despite a significant(重大的) reduction in overall federal spendin