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The Latest Breaking News from Deficit

International trade report for April will be released at 8:30 a.m. ET. Analysts expect a deficit of $92.0 billion for total goods and services trade in April, compared with a $109.8 billion deficit in the previous month. The Treasury is set to auction 3-year notes at 1:00 p.m. ET.

Benzinga

Katy Gallagher says the government has inherited the worst set of budget books in history. Is that correct?

Finance Minister Katy Gallagher says the incoming Labor government has inherited the worst set of budget books in history. Is that correct? RMIT ABC Fact Check investigates.

ABC News

Kalle Samooja claims European Open after overturning seven-shot deficit

Samooja fired eight birdies, including three in the last four holes.

The Independent UK

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McCormick concedes to Oz in Pennsylvania GOP Senate primary

Former hedge fund CEO David McCormick is conceding the Republican primary in Pennsylvania for U.S. Senate to celebrity heart surgeon Dr. Mehmet Oz. McCormick ended his campaign Friday night as he acknowledged an ongoing statewide recount wouldn’t give him enough votes to make up the deficit

The Independent UK

McCormick concedes to Oz in Pennsylvania GOP Senate primary

The Independent UK

Qld govt eyes budget deficit under $1.7b

Queensland can expect a budget deficit under $1.7 billion in 2022/23, but there will be two more years in the red before the books are back in black.

AAP

Jagan seeks Central funds to bridge revenue gap

Submits memorandum to Modi on revenue deficit, Polavaram project

The Hindu

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Joe Starkey: Will Najee Harris win the race to a second contract?

PITTSBURGH — Najee Harris apparently showed up for OTAs as "Ninja" Harris, focused and toned, with thighs the size of the national deficit.

Tribune News Service

TikTok foodie shows how to order a Domino's pizza on a calorie deficit

This is how you can order your favourite pizza without feeling the guilt of having a cheat meal

Dublin Live

Morning Digest | Fresh wave of fear hits Kashmir; Fewest Civil Service recruits this year since 2012, and more

A select list of stories to read before you start your day

The Hindu

Current account deficit soars in April, exports rise 6.6% y-o-y

Thailand recorded a current account deficit of $3.4 billion in April after a surplus of $1.2 billion in the previous month, the central bank said on Tuesday.

Bangkok Post

Ghana's debt: the pros and cons of borrowing abroad versus at home

A government which decides to borrow – either because it has programmed a budget deficit or needs to refinance maturing debts – faces two, non-mutually exclusive possibilities: borrow domestically in the local currency or borrow externally in a foreign currency.

The Conversation

Orioles storm back, erase pair of 6-run deficits to beat Red Sox, 12-8

For all the platitudes the Orioles give about their mentality — how they never give up — Friday night at Fenway Park was real, tangible evidence to support those statements.

Tribune News Service

New CBO Report Exposes Biden's Deficit-Reduction Misinformation

The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.

Reason

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Motorsport

Red Bull admits gap to Ferrari bigger than expected in Monaco

Sergio Perez says Red Bull has been taken aback by the deficit to Ferrari so far at Formula 1’s Monaco Grand Prix.

Autosport

Red Bull ‘surprised’ by gap to Ferrari, says Perez

Sergio Perez says Red Bull has been taken aback by the deficit to Ferrari so far at Formula 1’s Monaco Grand Prix.

The National (Scotland)

Scotland facing 'tough decisions' as finance gap highlights lack of powers

The Institute of Fiscal Studies (IFS) said that a "substantial" gap in the Scottish government's finances are likely

The Guardian - UK

Leylah Fernandez turns final set around to sink Belinda Bencic at French Open

Leylah Annie Fernandez overturned a final-set deficit to beat Belinda Bencic 7-5, 3-6, 7-5 and reach the fourth round of the French Open

Get all your
news in one place.

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Benzinga

Mid-Morning Market Update: Markets Open Higher; US Goods Trade Deficit Narrows In April

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Friday.

Axios

Manchin serious about Schumer talks

He’s prepared to back tax increases in a Democrat-only bill.

Benzinga

Economic Data Scheduled For Friday

An advance report on U.S. international trade in goods is scheduled for release at 8:30 a.m. ET. The US goods deficit is projected to shrink to $118.0 billion in April after deepening to $127.1 billion in March.

The Conversation

Memo to Labor: you need more tax, working out how much more is urgent

The new government has inherited an extraordinarily difficult budget situation.

The Guardian - AU

Treasurer Jim Chalmers warns of ‘dire’ budget situation as inflation soars

Labor says deficit could blow out further while accusing the Coalition of failing to disclose budgetary pressures

Sports Illustrated

Game 4 of Warriors-Mavs Featured a 16-Minute ‘Rain Delay’

Golden State leads Dallas, 3-0, and no team in NBA history has rallied from a 3-0 deficit to win a series.

The Guardian - UK

Sunak faces calls for help with living costs as budget deficit lower than forecast

Tax receipts are weaker than expected, revealing impact of UK’s slowing economy

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