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The Latest Breaking News from Deficit

Senate Tax Reform Debate Intensifies Over Middle-Class Relief And Deficit Impact

The bill would raise the child tax credit from $2,000 to $3,000 per child and broaden deductions for health insurance premiums and medical expenses.

International Business Times

Scott Bessent Calls Tariffs A 'Melting Ice Cube,' Says They Could Disappear As Trade Rebalances

U.S. Treasury Secretary Scott Bessent described America's reciprocal tariffs as a “melting ice cube,” suggesting they could be reduced or eliminated if the nation's trade deficit narrows.

Benzinga

Trump Urges China To Quadruple US Soybean Purchases To Address Their Shortage, Tackle Trade Deficit—Experts Say 'Highly Unlikely'

President Donald Trump has called on China to significantly increase its soybean orders from the United States, a move that could potentially address the trade imbalance between the two nations.

Benzinga

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Rachel Reeves needs to put up taxes to cover £40bn deficit, thinktank says

NIESR suggests a rise of 5p in the pound on basic and higher rate of income tax would fill the budget gap

The Guardian - UK

Dollar Little Changed on Weak US Service Sector News

The dollar index (DXY00 ) on Tuesday rose by +0.03%. The dollar posted slight gains on Tuesday on some mild short covering after last Friday’s and Monday’s losses. Higher T-note yields on Tuesday were supportive of the dollar. Also, Tuesday’s news that showed the US Jun trade deficit shrank to...

Barchart

Dollar Recovers with Bond Yields

The dollar index (DXY00 ) today is up by +0.16%. The dollar is moving higher today on some mild short covering after last Friday’s and Monday’s losses. Higher T-note yields today are supportive of the dollar. Also, today’s news that showed the US Jun trade deficit shrank to a 1.75-year...

Barchart

French PM Bayrou launches podcast and YouTube series to defend his 2026 budget cuts

Under fire for his unpopular €44-billion savings plan, PM François Bayrou has decided to turn to YouTube and a podcast series to try to convince the French public.

Euronews

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Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

Newslaundry

Trump Toasts Tariff Victory As Economists Quietly Junk Their Trade Forecasts

When President Donald Trump threatened to hike tariffs on all U.S. trading partners at the start of the year, a rush of foreign goods flooded into the country as businesses scrambled to stockpile inventory ahead of higher costs.

Benzinga

India pair Washington Sundar and Ravindra Jadeja dent England’s hopes of victory

The two all-rounders both reached half-centuries as India wiped out a 311-run first-innings deficit to lead by 11 heading into the final session.

The Independent UK

Leclerc downcast over "huge" gap to McLaren but approves new Ferrari F1 car suspension

Charles Leclerc was disappointed by a "huge" deficit to McLaren in Formula 1's Belgian Grand Prix sprint qualifying, despite being aided by Ferrari's new rear suspension package.

Autosport

Charles Leclerc dismayed by "huge" gap to McLaren but approves new Ferrari F1 car suspension

Charles Leclerc was disappointed by a "huge" deficit to McLaren in Formula 1's Belgian Grand Prix sprint qualifying, despite being aided by Ferrari's new rear suspension package.

Motorsport

Trump's Rare Fed Visit Sparks Talks Of A $7 Trillion Problem

President Donald Trump showed up at the Federal Reserve on Thursday to tour its renovation — but the symbolism of the visit revealed something far more urgent: America's spiraling $7.1 trillion deficit and the rising risk it places on markets and monetary policy.

Benzinga

Fact check: Did US go from ice cream trade surplus to deficit under Biden?

Trump administration says increased imports from Italy under former President Joe Biden changed the ice cream game.

Al Jazeera

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Benzinga

Ray Dalio Warns Of 'Economic Heart Attack' In Absence Of Deficit Reduction, Suggests Enacting 1991-1998 Fiscal Discipline

Billionaire Ray Dalio has issued his starkest warning to date regarding the U.S. national debt, comparing the escalating crisis to an impending “economic heart attack.”

Fortune

Ray Dalio issues his most dire warning to America yet: The ballooning $37 trillion debt will trigger an ‘economic heart attack’

The hedge fund billionaire is talking about the nearly $37 trillion national debt—again.

Al Jazeera

Fact check: Could Trump’s trade tariffs pay off the US deficit?

Commerce Secretary Howard Lutnick says tariffs will plug US finances, but experts say it’s unlikely.

Euronews

EU press for more balanced relationship at scaled-back EU-China summit in Beijing

European leaders demanded a more balanced relationship with China at a summit with President Xi Jinping in the Chinese capital on Thursday, as the bloc runs a massive trade deficit with the Asian giant of around €300 billion.

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Sports Illustrated

The 25 Best NFL Games of the Past 25 Years

From legendary comebacks to shootouts and Super Bowls, a look at the games we still can’t stop talking about.

Benzinga

Bitcoin Surges, Ethereum Nears $4000 As Treasury Yields Pop, Dollar Weakens — 'Deficit Spending Crisis Is Much Worse Than You Think' (edited)

Capital markets commentator The Kobeissi Letter hinted at a global shift away from fiat currencies, as cryptocurrencies surged alongside a weakening U.S. dollar

Roll Call

Democrats confront appropriations trust deficit with White House - Roll Call

Democrats say they face a test of faith on whether to trust a bipartisan appropriations process for the next fiscal year.

Benzinga

How A $250 Provision In Trump's 'Big, Beautiful Bill' Could Help Cut the US Deficit By Billions

In the recently passed “Big, Beautiful Bill,” visitors to the United States will now be required to pay a new visa integrity fee, which has the potential to slash the U.S. Federal Deficit over a decade.

Benzinga

Peter Schiff Says UK's Plan to Sell $6.7 Billion In Seized Bitcoin Could Help Budget: 'I Hope The US Doesn't Buy It For The Strategic Reserve'

Economist Peter Schiff on Sunday called the UK’s purported plan to sell almost $6.70 billion in stolen Bitcoin (CRYPTO: BTC) a “right” approach to address their budget deficit.

Cycling Weekly

It's definitely a big deficit but anything can happen' - Visma-Lease a Bike promise a Tour de France fightback

The two-time Tour de France winner has his back against the wall but remains defiant

Euronews

Japan is facing slowing exports and trade deficit amid threat from Trump's tariffs

Fears of a recession are mounting in the world's fourth-largest economy, after export to the US declined for the second month in a row in June.

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