The Latest Breaking News from Deficit

Gov. Josh Shapiro’s administration is approving the use of hundreds of millions of dollars in capital project funding for Philadelphia’s public transit agency to help it restore bus, trolley and rail services that it had eliminated to shore up its deficit-riddled finances

The centrist leader, who became France’s fourth head of government in less than two years, lost his gamble after calling an unprecedented confidence vote over his austerity plans to rein in the country’s ballooning public deficit.

President Donald Trump‘s aggressive use of tariffs to shrink the U.S. trade gap is falling short, as fresh data show the trade deficit just hit its worst monthly level since March despite rising duties on foreign goods.

The US trade deficit expanded more than expected in July to its widest in four months, government data showed Thursday, on a surge in imports before a fresh wave of President Donald Trump's tariffs kicked in.

French national debt has grown steadily over the last 30 years. It is the sum of all public deficits accumulated since the mid-1970s. To compare the amount of national debt to the government’s financing capacity, it is expressed as a percentage of gross domestic product (GDP) – debt-to-GDP ratio – which…

Since August 27, when the US tariffs on India came into effect, millions of Indians have had to familiarise themselves with many US political personalities. This is especially true for those who consume news in vernacular languages or rarely pay attention to world affairs. Last week, in this star-studded sky…

Economic risks are emerging in France while political instability looms, as the third government is in danger of falling in little over a year. Further attempts to tackle the country’s enormous debt could be choked until after the next presidential election in 2027.

Prime Minister François Bayrou has warned that France’s excessive debt puts it in danger, which is why he says his government’s proposed budget, which cuts into public spending and freezes pensions and other social payments, is crucial. But is the debt really such a danger? And how did France get…

Justice Secretary Shabana Mahmood said she wanted to ‘right the democratic deficit that has been uncovered’.