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The Latest Breaking News from Deficit

$1.8 trillion deficit revealed during 'pointless and wasteful government shutdown,' budget watchdog says

The U.S. is on track to borrow nearly $2 trillion per year for the next decade, the CRBF notes. "How can anyone think this is sustainable?"

Fortune

Global Copper Surplus Set To Flip Into Deficit, M&A Not A Solution

The global copper market is going from surplus to shortage, according to the latest International Copper Study Group (ICSG) report. The 178,000-ton surplus projected for 2025 could flip to a 150,000-ton deficit as supply struggles to keep pace with demand.

Benzinga

One in five hospices ‘face a deficit of over £1m’ while many axe services – data

Hospice UK is now calling for full Government funding of specialist palliative care provided by hospices as well as other measures to ease the burden.

The Independent UK

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Year’s worth of British bread lost since 2020 amid extreme weather – analysis

Experts warned that the wheat deficit could grow, with 2025 likely to see another poor harvest.

The Independent UK

Badenoch vows to abolish stamp duty as she closes Tory conference

She pledged a ‘golden rule’ on her budget plans, spending only half of any savings made through spending cuts, with the rest to reduce the deficit.

The Independent UK

Badenoch unveils ‘golden rule’ to use half of spending cuts to reduce deficit

Conservative leader aims to rebuild party’s economic credibility after it was torched by her predecessors

The Guardian - UK

Where Yankees' Comeback ALDS Game 3 Win Ranks in Team's Postseason History

The Yanks rallied from a five-point deficit to force a Game 4 on Tuesday night.

Sports Illustrated

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Kemi Badenoch to focus on economy in crunch leader’s speech to Tory conference

The party leader will set out a ‘golden rule’ that half of money saved from cuts must be put towards driving down the deficit as she seeks to restore party’s economic reputation

Evening Standard

Kemi Badenoch to focus on economy in leader’s speech to Tory conference

The party leader will set out a ‘golden rule’ that half of money saved from cuts must be put towards driving down the deficit.

The Independent UK

Badenoch to pledge half of money from cuts will go towards driving down deficit

Labour accused Kemi Badenoch of having a ‘brass neck’ as she seeks to position her party as the only one that can get the economy back on track.

Evening Standard

Badenoch to unveil ‘golden rule’ for economy as she attempts to win back Tory credibility destroyed by Truss

Kemi Badenoch will try to maximise Labour’s problems on the economy to win back public support

The Independent UK

A Brain Fart Scientist Explains Why NFL Players Drop the Ball at the Goal Line

A silly blunder has occurred two weeks in a row. Experts weigh in on multitasking deficits, bottom-up actions and why this keeps happening.

Sports Illustrated

Are These Two Top-100 Stocks Under $10 Worth a Buy?

Two of the fastest-moving names in Barchart’s Top 100 Stocks to Buy from yesterday are both stocks trading in single digits. The question is whether either of them is worth buying for the long haul.

Barchart

Stock Market Today: Dow Jones, Nasdaq 100, S&P 500 Futures Turn Green—Trilogy Metals, AMD, Applovin In Focus (UPDATED)

Editor’s Note: The future prices of benchmark tracking ETFs and lede were updated in the story.)

Benzinga

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Barchart

If You’re Worried About the U.S. Budget Deficit, Make This 1 Trade Now

December Treasury note futures present a selling opportunity on more price weakness.

The Guardian - US

Jimmy Kimmel more popular than Trump after show suspension, poll finds

Economist and YouGov poll finds president had a 16-point deficit in terms of popularity compared with late-night host

Euronews

Italy eyes 3% EU deficit target this year, ahead of schedule

According to Prime Minister Giorgia Meloni’s government, the public deficit is at 3% already this year, bringing the Italian budget back on track with the European Union's finance rules.

Barchart

Billionaires Like Ray Dalio Keep Sounding the Alarm on U.S. Debt. What Is Going on With the So-Called Debt Crisis?

Mounting debt, a rapidly rising deficit, and pesky inflation have got a lot of money managers spooked. That’s why investors need to start diversifying.

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The Conversation

Politics with Michelle Grattan: James Paterson on Andrew Hastie, Sussan Ley and himself

The federal opposition, embattled on many fronts, is trying to gain ground by establishing an alternative economic and fiscal narrative to that of the government.

Evening Standard

UK trade deficit in goods hits record £56.6 billion after 'liberation day' Trump tariffs

However, the huge deficit in trade of physical goods was offset by a record surplus in services, says ONS

The Guardian - AU

Jim Chalmers’ budget victory lap outpaces reality as Australia’s debt continues to climb

The treasurer celebrated an outcome that could have been worse, but a structural challenge remains as workers are left with the burden of repair

The Independent UK

Keegan Bradley says blame for Ryder Cup defeat lies with him

The US captain saw his side slip to a record 11.5-4.5 deficit before almost completing a ‘miracle’ comeback in the singles.

The Guardian - AU

Albanese government urged to protect Australians on aid ships bound for Gaza – As it happened

All the day’s news as it unfolded

Sports Illustrated

Arsenal Player Ratings vs. Newcastle: Gunners Rescue Tyneside Trip Late in 2–1 Win

Arsenal overcame a first-half deficit to win at St. James’ Park.

AAP

Australia's luck running out despite budget bright spot

Australia's budget deficit for last financial year ended up being narrower than expected but younger workers will still be on the hook for a decade of red ink.

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