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The Latest Breaking News from Deficit

US February Budget Deficit Increases Due To Interest Costs, Refunds

US budget deficit rises in February due to increased interest costs and tax refunds, emphasizing the need for fiscal responsibility and effective financial...

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President Proposes Increasing Taxes On Wealthy To Reduce Deficit

President Biden's plan to reduce the deficit by trillion through fair taxation and spending cuts faces ongoing debate and skepticism.

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Biden's Budget Proposal Focuses On Tax Breaks And Health Care

President Biden's proposed budget for fiscal 2025 focuses on tax breaks, health care, deficit reduction, and increased taxes. It aims to trim deficits by $...

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‘Make it happen’: Mikel Arteta targets Champions League win against Porto

The Arsenal manager said: ‘We’re certainly going to have to tweak a few things’ as they bid to overturn a 1-0 first-leg deficit on Tuesday night

The Guardian - UK

President Biden Unveils Budget Plan To Reduce Deficit By Trillion

President Biden's budget plan focuses on deficit reduction, tax increases, and investments in healthcare, housing, and infrastructure.

Top News

Biden budget offers up election-year contrast with GOP foes - Roll Call

HIs fiscal 2025 blueprint focuses on health care and housing costs, child care funding, college aid and expanded paid leave for workers.

Roll Call

President Biden To Unveil Budget Plans Focused On Middle Class

President Biden's budget proposal focuses on middle-class benefits, tax increases, and deficit reduction to connect with voters in an election year.

Top News

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Rishi Sunak and his desperate party needed the budget to be a gamechanger. It wasn’t

Whatever the Conservatives try, their huge deficit in the opinion polls isn’t shrinking

The Guardian - UK

President Biden's Economic Successes And Campaign Strategy

President Biden's campaign event in Pennsylvania focused on affordable housing, deficit reduction, and economic policies, outlining his vision for the future.

Top News

Transportation Secretary Addresses Economy And Airline Safety Concerns

Transportation Secretary Pete Buttigieg discusses economy, inflation, deficit reduction, and aviation safety in a recent interview.

Top News

Fact-checking Biden’s State of the Union - Roll Call

Biden’s speech included misleading claims on inflation, crime, clean energy investments, wages, FactCheck.org reports.

Roll Call

Damning report exposing £17billion UK defence deficit paves way for radical overhaul

Public Accounts Committee reveals a £16.9 billion deficit in equipment plans at the Ministry of Defence

Evening Standard

Biden Says He'll Make the Wealthy Pay More To Fix Social Security. Here's Why That Won't Work.

Raising the payroll tax cap could generate up to $1 trillion over 10 years, but Social Security faces a $2.8 trillion deficit.

Reason

President Biden Proposes Taxing Wealthiest Americans To Fund Initiatives

President Biden proposes tax increases on the wealthiest to address deficit and support federal programs for a fairer tax system.

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Reason

A Bipartisan Tax Hike Won't Fix This Deficit

The government needs to cut back on spending—and on the promises to special interests that fuel the spending.

Barchart

S&P 500 and Nasdaq 100 Post Record Highs on Dovish Powell Comment

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +1.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.56%. Stock indexes on Thursday posted moderate gains with the S&P 500 and Nasdaq 100...

Barchart

Dollar Falls to a 6-Week Low on Dovish Powell Comment

The dollar index (DXY00 ) on Thursday fell by -0.52% and posted a 6-week low. The dollar was undercut after Fed Chair Powell said that the Fed is “not far” from the confidence needed to cut rates. The dollar was also undercut by Thursday’s weak productivity and trade deficit reports....

Barchart

S&P 500 Rallies to a Record High on Powell Comments

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.98%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.30%. Stock indexes this morning are sharply higher, with the S&P 500 posting a...

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Barchart

Dollar Drops on Dovish U.S. Economic Reports

The dollar index (DXY00 ) this morning is down by -0.25% and posted a 1-month low. The dollar extended Wednesday’s losses on today’s Fed-friendly productivity and trade deficit reports. Also, strength in the yen weighed on the dollar as the yen today climbed to a 1-month high against the dollar....

Barchart

Stocks Climb on Lower U.S. and European Bond Yields

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.61%. Stock indexes this morning are seeing support from a decline in the 10-year...

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US Trade Deficit Grows In January Due To Increased Imports

US trade deficit widens in January as imports surge, highlighting challenges for the economy and the need for policy action.

The Canberra Times

ACT govt urged to be more up front about $1 billion deficit

The opposition says the govt is hiding the 'true size' of its deficit.

Top News

Orlando Magic Overcome 21-Point Deficit To Beat Washington

Orlando Magic's impressive comeback victory halts Washington Wizards' losing streak. Franz Wagner and Paolo Banchero lead the charge in a thrilling NBA mat...

Barchart

Cocoa Prices Mixed as British Pound Strength Weighs on London Cocoa

May ICE NY cocoa (CCK24 ) on Wednesday closed up +99 (+1.53%), and May ICE London cocoa #7 (CAK24 ) closed down -13 (-0.24%). Cocoa prices on Wednesday settled mixed. Cocoa prices are underpinned by concern that large cocoa deficits could force West African cocoa suppliers to default on their...

The Guardian - UK

A Greater Lancastria could help to solve the democratic deficit in city-region governance

Letter: Issues of democratic deficit, area and identity need to be resolved for the region to thrive, says Prof Paul Salveson

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