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The Latest Breaking News from Deficit

Trump and Biden Agree: Just Call Debt 'Wealth' Instead!

Both party leaders are selling the idea of a sovereign wealth fund, but it’s more political fantasy than fiscal fix.

Reason

EU may extend deadline for France's budget plan

The European Commission said on Tuesday it was discussing setting a new deadline for France to submit a plan to reduce its public deficit, confirming Paris had requested a postponement.

Radio France Internationale

France asks EU for extra time before submitting crucial budget deficit plan

France has asked the European Commission to extend beyond a 20 September deadline for submitting a plan to reduce its public deficit to align with Paris' 2025 draft budget.

Radio France Internationale

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In Congress, Walz championed tough fiscal medicine - Roll Call

Vice presidential nominee Tim Walz once signaled support for a controversial deficit reduction plan when he was a member of Congress.

Roll Call

Mark Cuban Calls Plans By Trump, Biden To Create US Sovereign Wealth Fund 'Stupid'

The billionaire entrepreneur and 'Shark Tank' star said he 'hates the idea' because the country is running a budget deficit

International Business Times

France’s new PM in 'precarious situation': French economist Jean Pisani-Ferry

The nomination of Michel Barnier, a veteran of both French and EU politics, to the post of French prime minister, is “a surprise and a delicate gamble” by French president Emmanuel Macron. That’s according to our guest in Talking Europe, economist and political analyst Jean Pisani-Ferry. He tells Armen Georgian…

France 24

Harris must awaken the nation from the 'sleeper effect' at the debate with Trump—and dispel the oft-repeated falsehood that the booming U.S. economy isn’t doing so well

Is the U.S. economy better than it was 4 years ago? Absolutely!

Fortune

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Election 2024: Why The S&P 500 May Vote No On A Trump Or Harris Clean Sweep

It's a tight race, but Donald Trump and Kamala Harris both have a chance their party will win both Congress and the White House, helping them carry out their agendas.

Investors Business Daily

National debt explained: What you should know about Canada’s deficit

By the end of the 2024-25 fiscal year, Canada’s total market debt is expected to surpass $1.4 trillion. Every day, this debt grows by more than $100 million, and every second, Canada pays more than $1,200 in interest.

The Conversation

Dollar Drops as Weak US Economic News Fuels Fed Rate Cut Expectations

The dollar index (DXY00 ) Wednesday fell by -0.48%. The dollar retreated Wednesday after the US July trade deficit widened by the most in 2 years. Lower T-note yields Wednesday also weighed on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings fell more than...

Barchart

Dollar Retreats on Wide US Trade Deficit and Dovish Job Openings Report

The dollar index (DXY00 ) today is down by -0.41%. The dollar is retreating today after the US July trade deficit widened by the most in 2 years. Lower T-note yields today are also weighing on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings...

Barchart

US Trade Deficit Widest In Two Years On Imports Surge

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

International Business Times

Health minister defends 'urgent' $422m hospital funding

Documents show Victorian hospitals came close to being unable to pay staff, prompting the health minister to seek support for an urgent $422 million payment.

AAP

French finance ministry warns budget deficit higher than expected

France’s deficit could be much higher than expected if more cuts are not made, the finance ministry warned lawmakers, pointing to a shortfall in tax revenue and an increase in local spending.

Radio France Internationale

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Newcastle Herald

New batch of councillors need to make smarter decisions to tackle huge debt

The council is managing a multi-million-dollar deficit.

Autosport

Power feels team orders needed to overcome Palou for IndyCar title

Will Power has conceded he will likely need help from his Team Penske team-mates in order to overcome the points deficit to IndyCar Series leader Alex Palou and take a third title.

Motorsport

Power believes oval skills can help close title points gap in Milwaukee

If Will Power is going to win a third IndyCar Series championship, it’ll have to happen by overcoming a massive points deficit.

The Independent UK

Democrats target Trump in Michigan and Wisconsin with billboard highlighting Project 2025 tax hikes

EXCLUSIVE: Democrats in Michigan and Wisconsin have erected billboards highlighting Trump’s potential cost to Americans in a second term ahead of visits by the ex-president

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news in one place.

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Reason

Idaho Child Care Program Faces $16 Million Deficit as Bureaucrats Overextend Benefits

As conservatives push for cuts, lasting reform will require closing accountability gaps and restructuring entitlements.

Reason

Trump's Proposals Would Add $5.8 Trillion to the Deficit

Vice President Kamala Harris would add about $2 trillion to the deficit.

International Business Times

Trump's Policies Could Add $5.8T To Deficit, Nearly 5X More Than Harris' Plan: Penn Wharton Study

Harris's plan, which includes expanding the Child Tax Credit, and Earned Income Tax Credit, is expected to raise deficits by $2.1 trillion over the next decade.

The Independent UK

Braverman claims Starmer is paving the way for ‘draconian’ tax rises with upcoming speech

On Tuesday, the prime minister is set to warn the British public that things will get worse before they get better

Woman & Home

The only exercise I do is walking - is that enough? Doctors reveal all you need to know

Walking for at least 10 minutes a day has benefits for the mind and body - but is walking enough exercise on it's own? We asked the experts to say once and for all

The Independent UK

Israel's economy is struggling. Economists say ending the war would help

Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country’s leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict

Motorsport

Leclerc: Ferrari’s deficit “too much” in poor Zandvoort qualifying

Charles Leclerc has declared his 0.909s gap to Lando Norris’s Formula 1 Dutch Grand Prix pole lap time for McLaren was “too much” for Ferrari.

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