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The Latest Breaking News from Deficit

Commentary: A miss in the Inflation Reduction Act: Better paid leave policies

The Inflation Reduction Act is now law. In the long run, the law is expected to have beneficial effects on deficit reduction as per the Congressional Budget Office. Through extensions of Affordable Care Act subsidies and prescription drug pricing reforms, it aims to decrease health care expenditures for seniors and…

Tribune News Service

Sri Lanka in 'final stage' of IMF talks; budget deficit widens

Crisis-hit Sri Lanka unveiled fresh measures on Tuesday in an interim budget aimed at clinching a bailout package from the International Monetary Fund, talks for which, the president said, had reached the "final stage".

Reuters

Egypt Sees Budget Deficit Narrowing to 5.6% of GDP this Year

Egypt expects more progress on reducing its budget deficit this year and a foresees a decline in its debt ratio after currency devaluations caused it to rise last year, Finance Minister Mohamed Maait told a news conference on Monday. The deficit was expected to narrow to 5.6% of gross domestic…

Asharq Al-Awsat

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Rory McIlroy celebrates €18million FedEx Cup win with heartwarming video call to daughter Poppy

The Hollywood man remarkably overturned a six-shot deficit in the final round of the Tour Championship to become the first player to win the FedEx Cup three times

Irish Mirror

FedEx Cup prize money as Rory McIlroy pockets a fortune

The Hollywood man remarkably overturned a six-shot deficit in the final round of the Tour Championship

Irish Mirror

Magnificent Rory McIlroy secures historic FedEx Cup hat-trick and $18m prize

“What a week, what a day” said the Northern Irishman after pipping Scottie Scheffler.

The Independent UK

120% excess rainfall in Anantapur to be beneficial for farmers

Sathya Sai district also records above normal rain but Kurnool, Nandyal record deficit

The Hindu

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Egypt Finance Ministry Stresses Flexibility in Handling Global Economic Changes

Egypt’s Finance Minister Mohammed Maait stressed that his country was capable of handling with flexibility the rapid global economic changes that are directly impacting consumers and public policies. He made his remarks on Saturday while presenting the performance indicators for 2021/2022, saying Egypt was one of the few countries that…

Asharq Al-Awsat

Northwestern rallies from double-digit deficit to jar Nebraska

Northwestern rallies to defeat Nebraska in Dublin

USA Today Sports Media Group

Refreshed Leclerc Eyes F1 Comeback; Hamilton Encouraged

Charles Leclerc really needed the Formula One break to clear his mind. His season started so promisingly, then his big lead over title rival Max Verstappen blew up into a huge deficit. Leclerc won two of the first three races for Ferrari as Verstappen's Red Bull had reliability woes. But…

Asharq Al-Awsat

Scotland’s public spending deficit hits record of nearly £2,200 a head

GERS data puts gap between tax receipts and expenditure at £23.7bn despite jump in income from oil and gas

The Guardian - UK

SNP and Tories fight it out on what GERS figures mean for independent Scotland

THE release of the annual Government Expenditure and Revenue Scotland (GERS) figures has once again sparked a fierce debate on Scottish independence…

The National (Scotland)

Scotland’s deficit drops by 10%, but remains twice that of UK

The net fiscal balance was still a deficit of 12.3% of GDP, or £23.7bn, during 2021-22

Insider UK

GERS figures: Scotland's deficit falls to £23.7bn but still more than double the rest of the UK

GERS figures show the public spending deficit was £12.6bn lower than the previous year.

Daily Record

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The National (Scotland)

GERS figures show 'huge fall' in Scotland's deficit

SCOTLAND’S deficit has decreased dramatically to £23.7 billion, new figures have shown.

Tribune News Service

OMB: Deficits, growth lower in the near term, inflation up

WASHINGTON — The White House’s annual update to its most recent budget forecasts shows a brighter near-term picture for federal finances but a gloomier outlook for inflation and economic growth.

The Independent UK

Biden administration forecasts $1.03T deficit, down $400B

The Biden administration is forecasting that this year’s budget deficit will be nearly $400 billion lower than it estimated back in March, due in part to stronger than expected revenues, reduced spending, and an economy that has recovered all of the jobs lost during the multi-year pandemic

Roll Call

OMB: Deficits, growth lower in the near term, inflation up - Roll Call

The White House issued a brighter near-term picture for federal finances but a gloomier outlook for inflation and economic growth.

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Woman & Home

How to lose weight in a week - 12 expert tips to get started

Personal trainers and nutritionists reveal how to lose weight in a week with simple, easy steps to follow for sustainable weight loss

Los Angeles Times

Michael Hiltzik: Would forgiving student debt drive up inflation? Only if you're using lousy math

With a deadline looming in less than two weeks for President Biden to decide what to do about student debt, it shouldn't be surprising that conservatives have been agitating with increasing intensity against relief for the borrowers.

Daily Mirror

'I’ve finally been diagnosed with ADHD as an adult and everything finally makes sense'

It's been estimated that around one million women in the UK could have attention deficit hyperactivity disorder – but according to the ADHD Foundation, a staggering amount of them do not know they have it.

Reuters

German dependence on China growing 'at tremendous pace', research shows

The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite political pressure on Berlin to pivot away from Beijing, according to research seen by Reuters.

The Independent UK

Labour lost 91,000 members last year, new accounts show

The party also ended 2021 with a deficit of more than £5 million, driven by staff redundancies and a drop in income from membership fees.

The Guardian - UK

Labour £4.8m in deficit after redundancy payouts and membership losses

Treasurer’s report describes last year as ‘difficult and demanding’ but says return to normal operations is expected

The National (Scotland)

Labour Party haemorrhaging funds and members, accounts reveal

LABOUR has haemorrhaged thousands of members and is stuck with a multi-million dollar financial deficit, the party’s latest accounts show.

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