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The Latest Breaking News from Deficit

Editorial: The fiscal cliff looms; nothing to see here

The national debt is much like the weather. Everybody worries about the topic, but nobody wants to do anything about it.

Tribune News Service

Current account deficit of $400m reported in November

The country recorded a current account deficit US$400 million in November after a revised surplus of $600 million the previous month, the Bank of Thailand said on Thursday.

Bangkok Post

Modi's popularity key to selling cut in food aid ahead of Indian elections

(Corrects paragraphs 2 and 4 to show extra handouts were monthly)

Reuters

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2022’s Biggest Comebacks in Sports

From tennis matches to NFL and WNBA games, to the madness of March in college basketball, 2022 gave us rallies, resurgences and downright return-from-the-dead’s that we’ll never forget.

Sports Illustrated

Ranji Trophy: Himachal bat with purpose after first-innings debacle vs Uttarakhand

DEHRADUN: Himachal Pradesh's top and middle-order batted with purpose to bail them out from a hopeless situation as they were just 10 runs away from wiping out a massive deficit against Uttarakhand at stumps on day two of their Ranji Trophy Group A match here on Wednesday.

The Times of India

Fiscal policy plans endorsed by cabinet

The cabinet yesterday approved the medium-term fiscal policy for fiscal 2024-2027, with the aim of achieving a significant reduction in the budget deficit in 2024 to ensure fiscal stability.

Bangkok Post

Govt sets budget deficit limit at 3% of GDP for fiscal 2024

The government is planning to keep its budget deficit to no more than 3% of gross domestic product in the 2024 fiscal year, the finance minister said on Tuesday, aiming for a deficit of 593 billion baht.

Bangkok Post

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Lakers player grades: L.A. loses again without Anthony Davis

The Lakers competed hard against the Hornets, erasing a 16-point deficit, but their lack of defense ultimately did them in.

USA Today Sports Media Group

Bears’ defense overmatched by Bills, but ‘we’re not soft’

Effort has kept the Bears competitive, but it hasn’t been enough to sufficiently offset the talent deficit they usually face.

Chicago Sun-Times

Tunisia Seeks to Cut Fiscal Deficit to 5.5% in 2023, Led by Economic Reforms

Tunisia expects to reduce its fiscal deficit to 5.5% next year from a forecast 7.7% this year, driven by austerity measures that could pave the way for a final deal with the International Monetary Fund on a rescue package. The country has been in urgent need of international help for…

Asharq Al-Awsat

Dark clouds of global economic uncertainties may cast shadow on India's exports in 2023

NEW DELHI: India's exports may have touched an all-time high of $422 billion in 2021-22 but recession in key western markets and geo-political crisis due to the Russia-Ukraine war are expected to impact the growth of the country's outbound shipments in 2023.

The Times of India

Bruins overcome two-goal deficit to beat Jets, 3-2

BOSTON — The Bruins and their incredible run of home success appeared to be toast in the first period on Thursday at TD Garden. They were being outplayed, outworked and outscored by two goals and the Winnipeg Jets' terrific goalie Connor Hellebuyck was on his game.

Boston Herald

Congress Can Reduce the Deficit by $7.7 Trillion in 10 Years

The Congressional Budget Office projects that future deficits will explode. But there's a way out.

Reason

Iconic Alexandra Palace seeks bailout after costs rise by 132%

The Grade-II listed building in north London has warned it may run up an operating deficit of £1.1m this year

Evening Standard

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Boston Herald

Jayson Tatum leads furious comeback bid, but Celtics fall short to Pacers after woeful first half

BOSTON — Throughout a slide that’s extended for nearly two weeks, the Celtics have given off a sense of optimism. After torching the NBA for the first six weeks of season, there seemed to be confidence that this was just a rough patch in a long season that has championship…

Asharq Al-Awsat

Oman Sees 2023 Budget Deficit at 3% of GDP

Oman is forecasting a 1.3 billion rials ($3.39 billion) deficit in its 2023 budget, or 3% of the gross domestic product, following an expected surplus this year after higher oil prices boosted revenues. State media reported the Gulf state expects revenues of 11.7 billion rials ($30.2 billion), up 10% over…

Reuters

Ghana to default on most external debt as economic crisis worsens

(This Dec. 19 story has been corrected to fix debt figures in first chart)

The Guardian - UK

Thurrock becomes latest council to declare effective bankruptcy

Disastrous investments in risky commercial projects have left Tory-run authority with a £500m deficit

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Sports Illustrated

Bengals Are ‘Pretty Damn Good, Too’

The defending conference champions have a shot at the top seed after overcoming a 17–0 deficit to Tom Brady. Plus, the Lions believed in themselves, and now other teams do, too, and why a first-year Eagle is surprised with the team’s success.

Birmingham Post

The University of South Wales facing a multi-million-pound financial deficit

The University's Vice-Chancellor Ben Calvert said its challenging financial outlook had been impacted in part by an increase in students not returning

AAP

Glory beat Canberra for first ALW win

Perth Glory has secured their first win of the ALW season after overcoming a two-goal first-half deficit to down Canberra United 3-2.

USA Today Sports Media Group

The Vikings came back from a 33-0 halftime deficit and fans lined up to dunk on the Colts

Matt Ryan saw a 33-0 lead evaporate. Of course everyone had jokes. Well, the same joke, mostly.

Tribune News Service

Vikings rally from 33-point deficit to beat Colts, 39-36 in OT to win NFC North

MINNEAPOLIS — The Vikings rallied from a 33-0 halftime deficit to beat the Colts, 39-36, in overtime on a 40-yard Greg Joseph field goal to win the NFC North title Saturday at U.S. Bank Stadium.

Reason

November's $249 Billion Federal Budget Deficit Set a Record. Now, Congress Is Preparing To Spend Even More.

The government spent $501 billion in November but collected just $252 billion in revenue, meaning that about 50 cents of every dollar spent were borrowed.

The Independent UK

Japan trade deficit soars on weak yen, high oil prices

Japan has reported its trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen combined to push imports higher

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