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The Latest Breaking News from Deficit

'Military adventures cost money': Economists' key concern about Trump's Venezuela action is how it weakens $38 trillion national debt picture

“What my concern about Venezuela is that…it’s just confirming that the United States isn’t a very reliable partner.”

Fortune

Hi Ho Silver Away! Silver Breaks $80 as Poor Man's Gold Explodes

Record silver prices are being driven by a structural supply deficit and heavy institutional buying, signaling a new era for the industrial metal.

MarketBeat

Pete Golding Reveals What He Told Ole Miss at Halftime to Spark Rally

Ole Miss overcame a nine-point deficit to stun Georgia.

Sports Illustrated

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Deficit to deadlock: why France is borrowing €310bn without a budget

France's treasury plans to borrow a record €310 billion on the markets in 2026 – even though it is set to start the year without a fully voted state budget. The move underscores how unprecedented debt and persistent deficits are colliding with a fragmented parliament and a president already focused…

Radio France Internationale

Italy's Parliament approves 2026 budget with deficit-cutting measures

Italy’s Parliament has approved the government’s 2026 budget, which includes deficit-cutting measures

The Independent UK

Why Platinum May Catch Up to Gold in 2026—And How to Get Exposure

Platinum is currently staging a significant breakout driven by a deep structural supply deficit and rising industrial demand from the green energy sector.

MarketBeat

Gold and Silver Exploded—Now Copper May Be the Next Big Trade

Copper is primed to close the valuation gap with gold as the artificial intelligence boom drives a massive structural supply shortage across global markets.

MarketBeat

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French lawmakers pass special budget to keep government running until January

The French parliament on Tuesday passed last-minute legislation to keep the government in business into January after the divided legislature failed to agree a full budget for the coming year. The Senate gave its green light in a late-night vote after MPs in the lower house cleared the bill earlier…

Radio France Internationale

America is $38 Trillion Dollars in Debt. As an Entrepreneur, I Know How to Wipe It Out

When we sat down with entrepreneur Mitch Francis, author of "BAD-ASS SOLUTIONS: For Today's BIG-ASS Problems," we were expecting polite deficit talk or another PowerPoint solution. What we got instead was a blunt thesis.

International Business Times

Prince Harry, Meghan Markle Archewell Crisis: Why 'Money Woes' Are Forcing New Staff Sacking

Prince Harry and Meghan Markle face a 2026 crossroads as Archewell's $2.5m deficit and falling Netflix views force a 'ruthless' rebrand into family philanthropy.

International Business Times UK

A French Alpine ski resort is offering free skiing all winter to save money. Here’s why

The struggling Saint-Colomban-des-Villards has taken the unprecedented decision to make skiing free this winter.

Euronews

France to miss 2026 budget deadline as lawmakers fail to reach deal

French lawmakers failed Friday to agree a 2026 budget in joint committee talks, forcing government to seek emergency legislation to roll over 2025 budget.

Euronews

Head hundred helps Aussies home in on Ashes retention

Australia have a 3-0 Ashes series lead in sight after Travis Head's century helped them to stumps on day three in Adelaide at 4-271 and with a lead of 356 runs.

AAP

WhatsApp university blames foreign investors for the rupee’s slide – like blaming fever on a thermometer

On December 16, the rupee crossed the 91-per-dollar mark to touch an all-time low of 91.09. As soon as this happened a joke started going around on WhatsApp: USD (+1) = INR (+91). Finally ISD Codes and Exchange rate matched.

Newslaundry

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The Independent UK

England batting collapse leaves Ashes hanging by a thread in Adelaide

After defeats in Perth and Brisbane, England moved closer to an irretrievable 3-0 deficit as the top-order wilted in all too familiar fashion.

Reason

Trump Said His Tariffs Would Reduce the Trade Deficit and Bring Back Manufacturing. Here's What the Data Show.

These metrics are bad proxies for prosperity, but they reveal just how flawed the president's arguments have been.

Evening Standard

Primary school in Newham to close due to lack of pupils as London's school closures crisis grows

Newham Council says falling pupil numbers and a £1.1million budget deficit means it can’t afford to keep Calverton Primary School open

AAP

Kings come from the clouds to beat 36ers in OT

The Sydney Kings have notched their second overtime win in four days, reeling in an 18-point deficit to take down the ladder-leading Adelaide 36ers.

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The Conversation

The budget update shows a slight improvement in the federal deficit, but it’s mostly due to good luck

The federal government’s mid-year budget update shows a modest improvement in the deficit forecast in 2025–26, but much of this comes from a larger-than-forecast tax take.

The Conversation

Mid-year budget update will project deficit of nearly $37 billion for current financial year

Wednesday’s budget update will project a deficit of $36.8 billion for this financial year, which is $5.4 billion better than forecast in the Pre-election Economic and Fiscal Outlook (PEFO) issued before the May election.

The Guardian - AU

Jim Chalmers won’t have good news in Myefo. Instead, he’ll be trying to sell Labor’s good intentions

The unwelcome return of inflation means Anthony Albanese’s government is desperate not to be seen to be adding to the problem

AAP

Budget update to reveal Australia's fiscal fortunes

The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

The Guardian - UK

December cut to UK interest rates ‘nailed on’ after economy shrinks unexpectedly by 0.1% in October – as it happened

Disappointing UK GDP report shows economy contracted by 0.1% in both September and October

Evening Standard

FTSE 100 up as Fed sounds softer tone than feared

After Europe’s close on Wednesday, the US central bank cut interest rates by 25 basis points as expected.

GOBankingRates

Things Trump ‘Needs’ To Do for American’s Wallets in 2026, According to Economists

Economists outline key financial steps Trump should take in 2026 to strengthen Americans’ wallets and boost economic stability.

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