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The Latest Breaking News from Deficit

Editorial: The Inflation Reduction Act is key: In praise of its sweeping investments and deficit reduction

One of the most important features of the Inflation Reduction Act — which makes massive investments in renewable energy to curb climate change, drives down prescription drug costs and more — is what it is not: an irresponsible spending spree pushing up the federal deficit.

Tribune News Service

Centrica and Octopus back plan to freeze UK energy bills for two years

‘Tariff deficit fund’ proposed by ScottishPower and Eon would involve banks putting cash into state-backed fund

The Guardian - UK

In Biden's big bill: Climate, health care, deficit reduction

The biggest investment ever in the U.S. to fight climate change

The Independent UK

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Battling floods, 25% MP still rain-deficit

BHOPAL: What can be more ironical than the fact that many districts in MP are flooded, yet more than one fourth of Madhya Pradesh is rain-deficit when 80 days of monsoon are already over.

The Times of India

Explainer: Is Bangladesh headed the Sri Lanka way?

NEW DELHI: Yet another South Asian country has come under the trap of falling foreign exchange reserves and soaring trade deficit. Protests, blackouts, sudden surge in fuel prices have forced people in Bangladesh- just like Sri Lanka and to some extent in Pakistan- to come out into the streets to…

The Times of India

Gio van Bronckhorst follows Rangers salute with a PSV warning as he demands no more Champions League headstarts

The Ibrox side rallied to overturn a 2-0 first leg deficit with three unanswered strikes to beat Union Saint-Gilloise and reach the playoff round.

Daily Record

Editorial: GOP opposition to climate-and-drug bill highlights party's twisted priorities

Senate Democrats over the weekend passed legislation to help industry and individual Americans move to cleaner energy, make corporations pay their fair share in taxes and lower prescription prices for struggling seniors, all while lowering the deficit and, potentially, inflation. Republicans’ sole contribution to this historic package was to keep…

St. Louis Post-Dispatch

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Bihar: BJP on back foot as political temperature surges

PATNA: The political developments in Bihar not only exposed the chinks in the armour of CM Nitish Kumar's JD(U), but also its trust deficit with ally BJP. The reported telephone talks between Nitish and Congress chief Sonia Gandhi on Monday have further raised the political temperature in Bihar.

The Times of India

The Inflation Reduction Act Won't Meaningfully Address the Budget Deficit

Congress has added $2.4 trillion to the long-term deficit since President Joe Biden took office. Now they want credit for reducing the deficit by $300 billion?

Reason

NHS trust could face £8.5m deficit this year - as vacancy rates and staff sickness see big spend on agency workers

The CNTW NHS Trust is dealing with pressures on three fronts - staffing, finances and demand for services.

Chronicle Live

Explainer: What India’s external debt position tells about its economy

NEW DELHI: A depreciating rupee and contracting foreign exchange reserves raised concerns about India's external debt position.

The Times of India

5 Rangers burning issues as Gio van Bronckhorst faces Morelos, McGregor and Kent dilemmas ahead of Champions League crunch

The Ibrox side have to do something they have never managed in their history by overturning a two-goal first leg deficit in Europe and the Dutchman has some big decisions to make.

Daily Record

Is Rangers vs Union Saint Gilloise on TV? Live stream and kick-off details for Champions League clash at Ibrox

It's going to be a huge night in Govan as the Belgians come to town with Giovanni van Bronckhorst's men looking to overturn a two-goal deficit.

Daily Record

Argentina's economy chief names new energy secretary

Argentina's economy chief Sergio Massa appointed on Sunday a new head of the energy secretariat, which in recent years has doled out multi-million dollar subsidies that have led to a widening budget deficit.

Reuters

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Tribune News Service

Ramesh Ponnuru: The Democrats are taking Joe Manchin for a ride

In the week since he reached a deal with Senate majority leader Chuck Schumer on the “Inflation Reduction Act,” Sen. Joe Manchin has been everywhere promoting it. One of the West Virginia Democrat’s top selling points is the promise to speed up permitting for U.S. energy production.

The Hindu

Is the declining rupee a crisis or an opportunity?

There is an expectation of further depreciation, which can lead to further capital outflows

Benzinga

Dow Drops Over 100 Points; U.S. Trade Deficit Shrinks To This Level In June

U.S. stocks traded lower this morning, with the Dow Jones falling more than 100 points on Thursday.

Daily Mirror

Love Island's Jacques was 'so angry' with mum for sharing ADHD diagnosis

Jacques O'Neill was still living in the Love Island villa when his mother Janet Wright decided to defend her son and confirmed he had been diagnosed with attention deficit hyperactivity disorder at the age of nine

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The National (Scotland)

Warning of Universal Credit income deficit for millions

Households on Universal Credit are being warned of a cut to income from October.

Wales Online

Everyone on Universal Credit warned of income deficit from October

Charity warns over impending move

The Hindu

Trade worries: On the expanding trade and current account deficits

The burgeoning trade deficit is set to swell the current account deficit

The Times of India

Govt releases 5th instalment of revenue deficit grant of Rs 7,183 crore to 14 states

NEW DELHI: The finance ministry on Wednesday released the fifth instalment of revenue deficit grant of Rs 7,183 crore to 14 states for the current fiscal.

Reuters

Bangladesh seeking $2 Billion from World Bank, ADB - Bloomberg News

Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday.

The Times of India

Exports decline marginally to $35.24 billion in July; trade deficit triples

NEW DELHI: Exports dipped, though marginally, for the first time in 17 months in July, while trade deficit tripled to a record $31 billion fuelled by over 70 per cent rise in crude oil imports.

The Canberra Times

Barr's got a $1b windfall, but it won't be used for expanding services

A booming Canberra population has handed the territory a larger share of GST revenue.

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