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The Latest Breaking News from Deficit

CBO Projects Record-High Deficit And Debt Levels

Congressional Budget Office report reveals a 0 billion increase in federal budget deficit, reaching record debt levels, posing challenges for future law...

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Federal Budget Deficit To Reach Federal Budget Deficit To Reach Top News.9 Trillion This Year.9 Trillion This Year

CBO projects Federal Budget Deficit To Reach Top News.9 Trillion This Year.9 trillion deficit in 2024, trillion debt by 2034, highlighting fiscal challenges and need for solutions.

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CBO: Deficits and inflation higher, but so is economic growth - Roll Call

The fiscal situation has worsened, with spending higher than expected and revenue lower, the Congressional Budget Office said.

Roll Call

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Cocoa Prices Settle Higher on a Decline in Ivory Coast Cocoa Output

July ICE NY cocoa (CCN24 ) on Tuesday closed up +279 (+2.89%), and July ICE London cocoa #7 (CAN24 ) closed up +65 (+0.77%). Cocoa prices on Tuesday settled moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data Tuesday...

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Congressional Budget Office projects a $400 billion increase in this year’s federal deficit

The Congressional Budget Office said Tuesday that it projects a federal budget deficit increase of $400 billion or 27% this year, from its last budget outlook released in February

The Independent UK

Cocoa Prices Move Higher on Reduced Cocoa Output in the Ivory Coast

July ICE NY cocoa (CCN24 ) today is up +274 (+2.84%), and July ICE London cocoa #7 (CAN24 ) is up +59 (+0.70%). Cocoa prices today are moving higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data today showed that...

Barchart

Soaring Budget Deficit Raises Risk For S&P 500; Can AI Save The Day?

Will the AI boom boost productivity enough to rein in the federal budget deficit? The S&P 500 faces a bumpy ride while we wait for the answer.

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NSW in battle to wrangle ballooning debt after GST hit

A series of predicted budget surpluses have turned into deficits for NSW, pushing debt to a projected figure of nearly $200 billion within a few years.

AAP

Cocoa Finishes Sharply Lower on Demand Concerns and Ghana Production Optimism

July ICE NY cocoa (CCN24 ) on Monday closed down -635 (-6.17%), and July ICE London cocoa #7 (CAN24 ) closed down -418 (-4.73%). Cocoa prices on Monday fell sharply for a second session. Cocoa is under pressure because of concerns that Q2 global cocoa demand reports being released early...

Barchart

Cocoa Prices Slump on Demand Concerns and Ghana 2024/25 Cocoa Production Optimism

July ICE NY cocoa (CCN24 ) today is down -532 (-5.17%), and July ICE London cocoa #7 (CAN24 ) is down -418 (-4.73%). Cocoa prices today are falling sharply for a second session. Cocoa is under pressure because of concerns that Q2 global cocoa demand reports being released early next...

Barchart

NSW budget: treasurer sets scene for restraint as state faces $10bn deficit over four years

Hopes of return to surplus dashed as Labor blames ‘unfair’ GST carve-up

The Guardian - AU

Home-building surge in tight budget of 'must-haves'

Record spending on social housing has headlined the Minns government's second budget as the NSW treasurer blames GST changes for rolling deficits.

AAP

Ocon expects Alpine F1 to keep rotating heavier chassis

Alpine Formula 1 driver Esteban Ocon says he expects his team to keep rotating its heavier chassis after being "a couple of kilos" overweight in Canada. Gasly and Ocon both scored points in Montreal amid some unease over a late position swap. But the fact that both drivers ended up…

Motorsport

Ocon expects Alpine F1 team to keep rotating heavier chassis between drivers

Gasly and Ocon both scored points in Montreal amid some unease over a late position swap. But the fact that both drivers ended up in the top 10 was already a positive result for Alpine after a disappointing qualifying result for Ocon. Ocon went out in the first stage of…

Autosport

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White House Criticizes Republicans Over 'Maganomics' And Tariffs Plan

White House criticizes GOP's 'MAGAnomics' and Trump's tariffs, while Biden focuses on protecting Medicare, Social Security, and reducing the deficit.

AAP

Hughes lifts Storm to extend win streak over Warriors

Jahrome Hughes starred as the Melbourne Storm overturned an early 14-0 deficit to win against the Warriors in the NRL for a 16th straight time.

USA Today Sports Media Group

Horford shrugs off massive Game 4 loss: ‘I expect us to be much better on Monday’

The Boston Celtics didn't just come up short in Game 4 of the NBA finals, they lost in historic fashion. A 122-84 deficit is the largest in franchise history for a finals game and the third-largest defeat ever in the NBA finals. Dallas was the more ...

Barchart

Cocoa Prices Finish Sharply Lower as Dollar Strength Sparks Long Liquidation

July ICE NY cocoa (CCN24 ) on Friday closed down -516 (-4.77%), and July ICE London cocoa #7 (CAN24 ) closed down -198 (-2.19%). Cocoa prices Friday finished sharply lower. After the dollar index (DXY00 ) rallied to a 6-week high Friday, long liquidation emerged in cocoa futures. Also, heightened...

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Barchart

Cocoa Prices Sink as Dollar Strength Sparks Long Liquidation

July ICE NY cocoa (CCN24 ) today is down -527 (-4.88%), and July ICE London cocoa #7 (CAN24 ) is down -218 (-2.41%). Cocoa prices today are sharply lower. Long liquidation emerged in cocoa futures today after the dollar index (DXY00 ) rallied to a 5-week high. Also, heightened political...

The Independent UK

Comedian says Marjorie Taylor Greene is ‘what a Waffle House sounds like at 3 am’ in backhanded compliment

The comedian joked that Congress could pay off the national deficit by giving the Georgia firebrand a swear jar

Top News

California Legislature Rejects Budget Cuts, Speeds Up Tax Increase

California Legislature rejects proposed budget cuts, accelerates tax increase to address deficit. Ongoing negotiations aim to resolve disagreements.

Barchart

Cocoa Prices Push Higher as Global Cocoa Shortage Lingers

July ICE NY cocoa (CCN24 ) on Thursday closed up +271 (+2.57%), and July ICE London cocoa #7 (CAN24 ) closed up +376 (+4.34%). Cocoa prices Thursday extended this week's rally and posted 1-1/2 month highs. Concerns that the global cocoa shortage will persist are underpinning prices. Reuters reported Wednesday...

Barchart

Cocoa Prices Underpinned by Concern Global Cocoa Shortage to Persist

July ICE NY cocoa (CCN24 ) today is up +243 (+2.31%), and July ICE London cocoa #7 (CAN24 ) is up +364 (+4.20%). Cocoa prices today extended this week's rally and posted 1-1/2 month highs. Concerns that the global cocoa shortage will persist are underpinning prices. Reuters reported Wednesday that...

AAP

Domestic gas inquiry gives itself more time on deficit

Facing a possible domestic gas deficit, export powerhouse Western Australia has delayed putting the squeeze on producers with a crucial inquiry given more time.

Barchart

Cocoa Prices Settle Sharply Higher on Fears of a Prolonged Supply Shortage

July ICE NY cocoa (CCN24 ) on Wednesday closed up +629 (+6.35%), and July ICE London cocoa #7 (CAN24 ) closed up +546 (+6.73%). Cocoa prices rallied sharply on Wednesday to 6-week highs. Cocoa prices surged on concern about a prolonged shortage of cocoa supplies after Reuters reported Wednesday that...

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