The Latest Breaking News from Deficit

The copper market has been jolted by disruptions at Indonesia’s Grasberg mine, with ripple effects spreading across supply forecasts and price expectations. With the mine operator declaring force majeure, Goldman Sachs slashed its mine supply outlook for 2025 and 2026, turning a projected surplus into deficit territory.

Dimon stressed that only faster growth—unlocked by lighter regulation and freer trade—can restore balance to the U.S.’s debt-to-GDP ratio.

Worsening public finances mean Rachel Reeves will almost certainly announce tax rises in November budget

With midterms ahead, Milei promises more funding for pensions, health, and education.

Democrats are urging action to avoid the year-end expiration of expanded subsidies for buying health insurance on government-run exchanges.

Stanley Druckenmiller's protégé, Treasury Secretary Scott Bessent, is stirring fresh debate on Wall Street with his latest read on tariffs and trade in a CNBC Squawk Box interview. At first glance, a narrowing U.S. trade deficit with China looks like a policy win, but Bessent warns it could have unintended…

Chancellor Rachel Reeves faces the daunting task of boosting Treasury revenues to address a potential £40 billion deficit in state finances

Nowadays, everyone's trying to get answers out of AI. Ask it to plan a vacation, write a press release, fix a résumé—it'll do all that. But what about when you ask economic questions?

France’s credit downgrade deepens political and economic woes, piling pressure on French President Emmanuel Macron and new Prime Minister Sébastien Lecornu.