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The Latest Breaking News from Deficit

Russian gas flows to Europe via Ukraine cease as transit agreement expires

Ukraine president hails ‘one of Moscow’s biggest defeats’ as deal’s end brings power cuts in breakaway Moldovan region

The Guardian - UK

Magic pull of 21-point comeback vs. Nets: 'We don't quit'

With six minutes left to the final buzzer, the Magic still had a 15-point deficit to beat, and finally closed the match on a 22-4 run to win.

Basketball Insiders

Bond Vigilantes Sending 'Loud Warning' To Donald Trump, Fed Chief Powell

Treasury yields have soared as bond market vigilantes fear "reckless" fiscal and monetary policies under Donald Trump and Fed chief Powell, according to market strategist Ed Yardeni.

Investors Business Daily

From analysis to the latest developments in health,
read the most diverse news in one place.

Canada Ministers Meet With Trump Team On Tariffs

Canadian ministers meet with Trump's nominees amid tariff threats and trade deficit concerns, highlighting ongoing tensions and the importance of future di...

Top News

Dollar Weakens on Yen Strength and a Larger US Trade Deficit

The dollar index (DXY00 ) Friday fell by -0.09%. Strength in the yen Friday undercut the dollar after Japanese Finance Minister Kato warned about excessive moves in the forex market after the yen tumbled to a 5-month low against the dollar on Thursday. The dollar fell to its low on...

Barchart

GOP quietly cuts IRS funding by $20B

The GOP assault on the revenue collecting agency's funding could exacerbate wait times and balloon the deficit

Salon

Dollar Falls on Yen Strength and a Larger US Trade Deficit

The dollar index (DXY00 ) today is down by -0.06%. Strength in the yen today is undercutting the dollar after Japanese Finance Minister Kato warned about excessive moves in the forex market after the yen tumbled to a 5-month low against the dollar on Thursday. The dollar fell to its...

Barchart

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How did Saints use their running backs in Alvin Kamara’s absence?

An early scoring deficit made the Saints call an audible on which running back to lean on in Week 16. What's the plan moving forward?

USA Today Sports Media Group

Trump threatens EU with tariffs unless it makes ‘large scale’ purchase of US gas and oil

Europe is the largest importer of American gas and was expected to increase its purchases in the future

The Independent UK

A LeBron record. Xmas greetings from Mazzulla. Steph went 0 for 7. Thursday wasn't boring in the NBA

Thursday had a little of everything in the NBA

The Independent UK

Donald Trump tells EU to buy more US oil and gas or face tariffs

President-elect reignites fears of a trade war as he says bloc must make up its ‘tremendous deficit’ with US

The Guardian - UK

Moody's downgrades 7 French banks amid debt crisis and political chaos

Moody's downgraded the ratings of banks including BNP Paribas and Credit Agricole amid fears over France's debt situation.

Fortune

Deficits are all about power

Australia has a big gap between tax and spending. And the people whingeing about it are part of the problem, not the solution.

Crikey

Productivity slump worsens Australia's deficit dilemma

Australia needs to get productivity growth back on track to pay for structural spending increases and avoid endless deficits, economists warn.

AAP

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The Guardian - AU

A predicted deficit will get the headlines but remember that budgets are about choices

Right now the government is choosing to deliver $50bn a year to the richest 10% of Australians for no discernible benefit to the nation

Kiplinger

Will the TCJA Estate and Gift Tax Provisions Really Sunset?

AAP

Budget blues in the most populous state as rates weigh

Government finances are wobbling in Australia's most populous state as stubbornly high interest rates weigh on home building and consumer spending.

The Conversation

If Treasury forecasts are right, it could be a decade before Australia is ‘back in black’

After two successive surpluses, the federal budget will be back in deficit in 2024–25, according to the much-anticipated budget update released on Wednesday.

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Crikey

Chalmers reveals lower deficit this year, and billions more in deficits beyond

Economists expected blowout in this year’s mid-year budget update, but the government has unveiled a smaller deficit (with the blowouts coming later).

The Conversation

A return to balanced budgets is a decade away, mid-year update says

The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to be deeper in the red than earlier forecast.

The Guardian - AU

Federal budget $27bn in the red and won’t return to balance for a decade, Myefo forecasts

Budget downgrade blamed on Australian economy being hit harder than anticipated by higher interest rates, cost of living pressures and global uncertainty

Crikey

Budget has improved $200bn since Morrison: Chalmers

Jim Chalmers is trying to spin the upcoming budget deficit by pointing out the improvement since the last government, and Vanuatu has been shaken by a devastating earthquake.

The Conversation

Three possible futures for the global economy if Trump brings in new trade tariffs

The last time Donald Trump was US president, he entered trade wars with China and Europe. But despite his bravado and tariffs, the US trade deficit did not improve.

Top News

Rep. Moore Leads DOGE Caucus To Cut Federal Deficit

Rep. Blake Moore leads the bipartisan DOGE Caucus to enhance government efficiency and reduce the federal deficit through innovative bipartisan efforts.

Crikey

MYEFO to condemn Labor to deficit

Australia is set to roll back into deficit when the Mid-Year Economic and Fiscal Outlook is released tomorrow, and the government has handed the ABC a $40m funding increase.

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