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The Latest Breaking News from Deficit

Prime Minister Barnier warns France faces severe budget crisis as government talks stall

France’s budgetary crisis is "very serious", Prime Minister Michel Barnier warned on Wednesday in his first public statement since taking office – emphasising the need for a clearer picture of the country's financial health.

Radio France Internationale

France's New PM Warns Of 'Very Serious' Financial Situation

France's budgetary situation is "very serious", Prime Minister Michel Barnier told AFP on Wednesday, saying more information was needed to gauge the "precise reality" of French public finances.

International Business Times

Asian Markets Await U.S. Federal Reserve's Interest Rate Decision

Asian markets await Fed rate decision, Japan reports trade deficit, U.S. stocks show mixed movements. Stay updated on global economic trends.

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LSU rallies past South Carolina in wild SEC contest

LSU overcame a 17-0 deficit to topple South Carolina

USA Today Sports Media Group

St Mirren 2 Kilmarnock 2: Ten-man visitors fight back in fiery Premiership clash

Ten-man Kilmarnock fought back from an interval deficit to earn a 2-2 draw with St Mirren in a fiery William Hill Premiership encounter in Paisley.

The National (Scotland)

Can a short term energy deficit make cyclists faster?

The body has an amazing ability to sustain performance even when it’s seriously short on energy. But does this mean deficits don’t matter? Anita Bean investigates

Cycling Weekly

USA build record-breaking 6-2 lead over Europe after opening day of Solheim Cup

Suzann Pettersen’s side recovered from a 4-0 deficit to win the trophy 12 months ago

The Independent UK

Trump and Biden Agree: Just Call Debt 'Wealth' Instead!

Both party leaders are selling the idea of a sovereign wealth fund, but it’s more political fantasy than fiscal fix.

Reason

EU may extend deadline for France's budget plan

The European Commission said on Tuesday it was discussing setting a new deadline for France to submit a plan to reduce its public deficit, confirming Paris had requested a postponement.

Radio France Internationale

France asks EU for extra time before submitting crucial budget deficit plan

France has asked the European Commission to extend beyond a 20 September deadline for submitting a plan to reduce its public deficit to align with Paris' 2025 draft budget.

Radio France Internationale

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Roll Call

In Congress, Walz championed tough fiscal medicine - Roll Call

Vice presidential nominee Tim Walz once signaled support for a controversial deficit reduction plan when he was a member of Congress.

International Business Times

Mark Cuban Calls Plans By Trump, Biden To Create US Sovereign Wealth Fund 'Stupid'

The billionaire entrepreneur and 'Shark Tank' star said he 'hates the idea' because the country is running a budget deficit

France 24

France’s new PM in 'precarious situation': French economist Jean Pisani-Ferry

The nomination of Michel Barnier, a veteran of both French and EU politics, to the post of French prime minister, is “a surprise and a delicate gamble” by French president Emmanuel Macron. That’s according to our guest in Talking Europe, economist and political analyst Jean Pisani-Ferry. He tells Armen Georgian…

Fortune

Harris must awaken the nation from the 'sleeper effect' at the debate with Trump—and dispel the oft-repeated falsehood that the booming U.S. economy isn’t doing so well

Is the U.S. economy better than it was 4 years ago? Absolutely!

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The Conversation

National debt explained: What you should know about Canada’s deficit

By the end of the 2024-25 fiscal year, Canada’s total market debt is expected to surpass $1.4 trillion. Every day, this debt grows by more than $100 million, and every second, Canada pays more than $1,200 in interest.

Barchart

Dollar Drops as Weak US Economic News Fuels Fed Rate Cut Expectations

The dollar index (DXY00 ) Wednesday fell by -0.48%. The dollar retreated Wednesday after the US July trade deficit widened by the most in 2 years. Lower T-note yields Wednesday also weighed on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings fell more than...

Barchart

Dollar Retreats on Wide US Trade Deficit and Dovish Job Openings Report

The dollar index (DXY00 ) today is down by -0.41%. The dollar is retreating today after the US July trade deficit widened by the most in 2 years. Lower T-note yields today are also weighing on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings...

International Business Times

US Trade Deficit Widest In Two Years On Imports Surge

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

AAP

Health minister defends 'urgent' $422m hospital funding

Documents show Victorian hospitals came close to being unable to pay staff, prompting the health minister to seek support for an urgent $422 million payment.

Radio France Internationale

French finance ministry warns budget deficit higher than expected

France’s deficit could be much higher than expected if more cuts are not made, the finance ministry warned lawmakers, pointing to a shortfall in tax revenue and an increase in local spending.

Newcastle Herald

New batch of councillors need to make smarter decisions to tackle huge debt

The council is managing a multi-million-dollar deficit.

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