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The Latest Breaking News from Deficit

Asian Shares Decline Following Wall Street Slip

Asian shares decline, Japan reports trade deficit, focus on Powell's speech, and U.S. economy faces pressure from high interest rates.

Top News

Japan records trade deficit as surging global prices pushes imports higher

Japan racked up a 621 billion yen, or $4.3 billion, trade deficit in July, as prices of imports surged

The Independent UK

Thames Water barred from billing customers for pension shortfall

Company faces scramble for funds after Ofwat says deficit is for managers and shareholders alone to deal with

The Guardian - UK

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GDP growth is strong but it masks UK plc’s deep-seated structural problems

Rachel Reeves must show how the Tories failed to tackle longstanding productivity, investment and trade deficits and stress how Labour can

The Guardian - UK

Serie A champions Inter held at Genoa, AC Milan salvage draw against Torino

Inter Milan's Serie A title defence got off to a rocky start on Saturday as they were held to a 2-2 draw by Genoa in a match filled with late penalty drama. Meanwhile, AC Milan staged a remarkable comeback from a two-goal deficit to salvage a 2-2 draw against Torino…

The Times of India

Budget blow as state's child sexual abuse payouts soar

Tasmania's budget deficit for 2023/24 is set to grow fourfold, mainly because of a $571 million increase in payouts to child sexual abuse survivors.

AAP

Carving Out a Tax Cut Just for Tips Doesn't Make More Sense When Kamala Harris Does It

Exempting tips from the federal income tax would add to the deficit and unfairly penalize nontipped workers. It's a bad idea no matter who is pitching it.

Reason

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Richard Murphy: Why GERS is inherently biased against Scotland

IT is GERS day – the one when the Scottish Government publishes data that seems deliberately designed to provide the very worst view of…

The National (Scotland)

Team USA Maintains Lead Over France In Tense Basketball Match

In a closely contested basketball match, the French team faces a six-point deficit against Team USA with time running out.

Top News

Adelaide festival to post 2024 deficit despite $2.3m boost from SA government

Spokesperson says losses will be revealed in next month’s financials and the festival has access to reserves to fund next year’s program

The Guardian - AU

Serbia On Verge Of Historic Upset Against Team USA

Team USA faces a challenging deficit against Serbia in a crucial Olympic basketball match, risking a potential upset.

Top News

Nikola Jokic’s Huge Game Helps Serbia Rally Back to Beat Australia in OT Thriller

Serbia won in overtime after facing a 24-point deficit.

Sports Illustrated

US Trade Gap Narrows Less Than Expected In June

The US trade deficit narrowed slightly less than analysts anticipated in June, according to government data released Tuesday, helped by an uptick in exports.

International Business Times

Who needs weights? This 5-move bodyweight workout boosts core strength and torches every major muscle group

You don't need weights to target every major muscle group, build core strength and boost your metabolism, just this five-move bodyweight created by a personal trainer.

Tom’s Guide

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Top News

Morocco Takes Lead Against Team USA In Quarterfinal Match

Moroccan striker Rahimi's penalty kick puts Team USA at a 1-0 deficit in the quarterfinal match. Can the Americans stage a comeback?

The Conversation

University finances are in a perilous state – it’s the result of market competition and debt-based expansion

The higher education sector in the UK is in financial crisis. Over 60 institutions have announced severance or redundancy programmes, and around 40% expect to be in deficit in 2023-24.

Top News

France's Lavish State Dinners Overspend, EU Issues Warning

France's extravagant state dinner for King Charles III of England incurred a €475,000 expense, contributing to a budget deficit and EU criticism.

The Guardian - UK

Proportional representation? The House of Lords is the best place to start

Letters: Former Labour MP Liz McInnes says a House of Lords elected by PR would address the democratic deficit at the heart of government. Plus a letter from Rosanne Bostock

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Radio France Internationale

French state to bail out New Caledonia electricity provider

France has granted a "repayable advance" of €14.2 million to Enercal, the main provider of New Caledonia's electric grid, which is running a chronic budget deficit.

The Guardian - UK

Greening the desert: is Sisi’s grand plan using up all of Egypt’s water?

The ‘Future of Egypt’ envisages turning tracts of desert into farmland to grow crops for exports. But with sky-high food price inflation and a water deficit, critics doubt it is viable

International Business Times

Hong Kong Young Fencers Draw Inspiration From Olympic 'Sword Queen'

Twelve-year-old Hong Kong fencing beginner Lloyd got a new role model over the weekend -- "Sword Queen" Vivian Kong Man-wai, who clawed back a 7-1 deficit in the women's epee final to win Olympic gold in Paris.

USAFacts

How has the federal budget changed over time?

In fiscal year 2023, federal spending remained higher than before the pandemic.

France 24

EU reprimands France and six other EU countries for breaking budget rules

The European Council on Friday launched formal action against France, Italy and five other EU countries for breaking the bloc's budget rules, kickstarting a procedure forcing them to negotiate a plan with Brussels to get their deficit levels back on track.

The Independent UK

UNICEF warns of $23 million deficit in Haiti's education system as it announces grant

Schools in Haiti’s capital and beyond are crumbling as gang violence deepens poverty and disrupts basic government services as the state education system faces a $23 million deficit

Reason

Congressional Budget Office Estimates Recent Increase in Immigration will Reduce the Budget Deficit

A new CBO report concludes it will save the federal government almost $1 trillion over the next ten years.

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