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The Latest Breaking News from Deficit

NY Cocoa Falls on Ideal Growing Conditions in West Africa

September ICE NY cocoa (CCU24 ) on Tuesday closed down -72 (-0.91%), and July ICE London cocoa #7 (CAN24 ) closed up +138 (+1.80%). Cocoa prices Tuesday settled mixed, with NY cocoa posting a 1-month low. Cocoa prices are being undercut by reports of beneficial growing weather in the Ivory...

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Treasury Secretary Janet Yellen blames Trump’s tax cuts for ‘many of the problems’ with the U.S.’s soaring budget deficit

Yellen says Trump’s policies gave tax breaks to wealthy corporations and individuals while increasing the national deficit.

Fortune

Cocoa Prices Pressured by Ideal Growing Conditions in West Africa

September ICE NY cocoa (CCU24 ) today is down -76 (-0.96%), and July ICE London cocoa #7 (CAN24 ) is up +142 (+1.85%). Cocoa prices today are mixed, with NY cocoa posting a 1-month low. Cocoa prices are being undercut by reports of beneficial growing weather in the Ivory Coast...

Barchart

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How to watch WRC's Rally Poland: Schedule, line-up and more

This month’s Rally Sardinia featured the joint-closest finish for a win in World Rally Championship history, as Ott Tanak and Sebastien Ogier contested a thrilling battle. It culminated in Tanak claiming victory by just 0.2s after the Hyundai driver overhauled a 17.1s deficit to Toyota’s Ogier on the final day.…

Autosport

Your five-minute wrap-up of the ACT budget

Here's a five-minute rundown of everything you need to know.

The Canberra Times

Cocoa Prices Settle Sharply Lower on Beneficial Weather in West Africa

September ICE NY cocoa (CCU24 ) on Monday closed down -985 (-11.06%), and July ICE London cocoa #7 (CAN24 ) closed down -638 (-7.68%). Cocoa prices Monday sold off sharply, with NY cocoa sinking to a 1-month low and London cocoa falling to a 2-1/2 week low. Reports of beneficial...

Barchart

Cocoa Prices Plummet on Beneficial Growing Conditions in West Africa

September ICE NY cocoa (CCU24 ) today is down -997 (-11.20%), and July ICE London cocoa #7 (CAN24 ) is down -681 (-8.19%). Cocoa prices today have sold off sharply, with NY cocoa sinking to a 1-month low and London cocoa falling to a 2-1/2 week low. Reports of beneficial...

Barchart

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The national debt is over $34 trillion. It’s time to tell the truth about the U.S. government’s finances

The U.S. government will pay close to $900 billion this year just in interest payments on the national debt.

Fortune

Why Mercedes feels it is closer to the top than it looked in F1's Spanish GP

Mercedes says its deficit to Red Bull and McLaren in Formula 1’s Spanish Grand Prix does not show the true picture of its potential

Autosport

Gloucester-Hartpury seal comeback against Bristol to retain PWR title

Gloucester-Hartpury recovered from a 10-point half-time deficit to defeat Bristol 36-24 and successfully defend the Premiership Women’s Rugby title

The Guardian - UK

NHL History: Teams That Forced Game 7 From 3-0

Explore the rare instances of NHL teams forcing Game 7 after trailing 3-0 in a series, with history revealing the mixed success of such comebacks.

Top News

Federal Budget Deficit Forecast Jumps $400 Billion, Fueled by Student Debt Forgiveness

The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.

Reason

NY Cocoa Closes Lower on Chocolate Demand Concerns

July ICE NY cocoa (CCN24 ) on Friday closed down -603 (-6.28%), and July ICE London cocoa #7 (CAN24 ) closed up +96 (+1.17%). Cocoa prices Friday settled mixed, with NY cocoa falling to a 3-week low. Demand concerns are a negative factor for cocoa prices. On Wednesday, chocolate producer...

Barchart

NY Cocoa Retreats as Chocolate Demand is Projected to Weaken

July ICE NY cocoa (CCN24 ) today is down -705 (-7.35%), and July ICE London cocoa #7 (CAN24 ) is up +115 (+1.40%). Cocoa prices today are mixed, with NY cocoa falling to a 3-week low. Demand concerns are a negative factor for cocoa prices. On Wednesday, chocolate producer Nestle...

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Radio France Internationale

French political camps draw battle lines over economic policies

As France heads for snap elections, political parties' economic policies are under extra scrutiny after the European Commission this week rebuked the country over its failure to keep its budget deficit within EU limits.

The Guardian - UK

Whoever wins the French elections must beware of the markets

France’s economy minister name-checked Liz Truss as he sought to warn voters of the risks of voting for RN

Salon

AZ AG and gov. feud over opioid funds

Kris Mayes (D-AZ) fought to freeze a transfer of $115m in opioid settlement funds from being used for deficit

Barchart

Cocoa Prices Close Sharply Lower on Demand Concerns

July ICE NY cocoa (CCN24 ) on Thursday closed down -340 (-3.42%), and July ICE London cocoa #7 (CAN24 ) closed down -301 (-3.53%). Cocoa prices closed sharply lower on Thursday due to demand concerns. Chocolate producer Nestle SA said Wednesday that consumers will cut back on chocolate purchases as...

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Barchart

Cocoa Prices Retreat on Demand Concerns

July ICE NY cocoa (CCN24 ) today is down -340 (-3.42%), and July ICE London cocoa #7 (CAN24 ) is down -301 (-3.53%). Cocoa prices today are sharply lower on demand concerns. Chocolate producer Nestle SA said Wednesday that consumers will cut back on chocolate purchases as the recent historic...

Autosport

Magazine: Le Mans 24 Hours review and a legend celebrates its birthday

Ferrari’s dramatic victory against Toyota and Porsche at the Le Mans 24 Hours takes the limelight in this week’s Autosport magazine, out today (20 June).The 92nd running of the Le Mans 24 Hours had four manufacturers in contention, changeable conditions that threw the advantage from one team to another, and…

International Business Times

Fiscal Year 2024 Federal Budget Deficit Surges To $1.9 Trillion, CBO Projects

This adjustment represents a 27% rise in the deficit forecast, attributed to factors such as increased Medicaid spending, the fallout from the 2023 banking crises, and the passage of a $95 billion aid package for Ukraine, Israel, and the Indo-Pacific region in April.

Reason

Trump Said Tariffs Would Reduce the Trade Deficit. Instead, It Grew.

In 2017, the last full year before Trump's tariffs were imposed, America's overall trade deficit was $517 billion. By 2023, it had grown to $785 billion.

The Guardian - UK

European Commission warns France over fiscal rules as election looms

Decision to launch ‘excessive deficit procedure’ sets up collision course with post-election government

Top News

EU Criticizes France For Excessive Debt Amid Election Campaign

EU criticizes France and six other states for excessive debt, urging adherence to fiscal guidelines. France's deficit at 5.5% raises concerns about financi...

Radio France Internationale

France targeted in EU crackdown on excessive spending

The European Union is to reprimand France and six other member states over excessive spending that breaches the bloc’s new budget rules.

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