The Latest Breaking News from Deficit

France's new government will on Thursday deliver its 2025 budget, with plans for €60 billion worth of tax hikes and spending cuts to tackle a spiralling fiscal deficit. But without a majority, Prime Minister Michel Barnier will likely need to make concessions to avoid a veto from opposition parties.

France's Prime Minister Michel Barnier will hold a cabinet meeting this Thursday where he'll unveil his budget plan for 2025. His bid to reduce the deficit from 6.1 percent of GDP will be looked at closely on international bond markets and by the country's disparate political forces. Also in this…

Max Verstappen started 2024 with seven victories in 10 grands prix, so it looked as though the Red Bull driver would cruise towards another championship.

EU economy chief Paolo Gentiloni on Monday welcomed his "promising" discussions about France's budget with French Finance Minister Antoine Armand as Paris aims to rein in spending and bring down its deficit.

Multiple analyses indicate Harris as more fiscally responsible than Trump, though neither candidate has spoken about budget deficit reduction.

No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans

Dsm-firmenich PostNL’s Tobias Lund Andresen reduced deficit to just eight seconds but couldn’t overhaul American for title

Four-time British Touring Car champion Colin Turkington took pole position at Brands Hatch for the final round of a 2024 series he is unlikely to win.The Northern Irishman’s fourth pole position of the season will make a slight dent to his deficit to championship leader Jake Hill and Tom Ingram…

The French government plans to subject the budget to a €60 billion belt-tightening drive next year in the hope of bringing the deficit down to 5 percent of GDP from an estimated more than 6 percent this year. Two-thirds of that sum are to come from spending cuts, and the…