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The Latest Breaking News from Deficit

Budget Deficit Hit $1.8 Trillion After Huge Increase in Borrowing Costs

Spending increased by 10 percent last year, while tax revenue increased by 11 percent. Interest payments on the debt shot up by 34 percent.

Reason

US Justice Department considers breaking up Google in search monopoly case

The US Justice Department has told a federal judge that it is mulling over recommending that Google be forced to sell parts of its operations, as a way to tackle the monopoly the tech giant holds over the online search market. This could be the biggest antitrust move in the…

France 24

CBO: Fiscal 2024 budget deficit was $1.8 trillion - Roll Call

The federal deficit clocked in at $1.8 trillion for fiscal 2024, according to the Congressional Budget Office.

Roll Call

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When can Verstappen or Norris clinch the 2024 F1 world title?

Max Verstappen started 2024 with seven victories in 10 grands prix, so it looked as though the Red Bull driver would cruise towards another championship.

Autosport

EU hails 'promising' initial budget talks with France

EU economy chief Paolo Gentiloni on Monday welcomed his "promising" discussions about France's budget with French Finance Minister Antoine Armand as Paris aims to rein in spending and bring down its deficit.

Radio France Internationale

National Debt May Rise Under Harris, But Could Surge Under Trump: Study

Multiple analyses indicate Harris as more fiscally responsible than Trump, though neither candidate has spoken about budget deficit reduction.

International Business Times

New analysis suggests national debt could increase under Harris, but it would surge under Trump

No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans

The Independent UK

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CRO Race: Israeli champion Oded Kogut wins bunch sprint on stage 6 as Brandon McNulty takes overall victory

Dsm-firmenich PostNL’s Tobias Lund Andresen reduced deficit to just eight seconds but couldn’t overhaul American for title

Cycling News

BTCC Brands Hatch: Turkington claims pole for season finale

Four-time British Touring Car champion Colin Turkington took pole position at Brands Hatch for the final round of a 2024 series he is unlikely to win.The Northern Irishman’s fourth pole position of the season will make a slight dent to his deficit to championship leader Jake Hill and Tom Ingram…

Autosport

Budget squeeze: Digging France out of its fiscal hole

The French government plans to subject the budget to a €60 billion belt-tightening drive next year in the hope of bringing the deficit down to 5 percent of GDP from an estimated more than 6 percent this year. Two-thirds of that sum are to come from spending cuts, and the…

France 24

ADHD prescribing has changed over the years – a new guide aims to bring doctors up to speed

Attention-deficit hyperactivity disorder (ADHD) is the most diagnosed childhood neurological disorder in Australia.

The Conversation

France to consider corporate tax increase to lower budget deficit

France's new Prime Minister Michel Barnier is reportedly considering a one-off increase in corporate tax on the country's biggest companies, as the government faces a deadline on Tuesday to present a budget for 2025, which must address a spiraling deficit.

Radio France Internationale

Arsenal reach Champions League group stage as Beth Mead inspires Häcken rout

Arsenal claimed a 4-0 home win over Swedish side Häcken to overturn a first-leg deficit and win their qualifying tie 4-1 on aggregate

The Guardian - UK

France has 'one of the worst deficits' in its history, minister says

France now has "one of the worst" public deficits in its modern history, the newly-installed Minister for Economy, Finance and Industry Antoine Armand said Tuesday. He also confirmed that new taxes on the wealthy and big businesses are on the table to get finances back in order.

Radio France Internationale

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USA Today Sports Media Group

Rams must find ways to start faster after facing big deficits in all 3 games

The Rams have trailed 17-3, 21-0 and 14-0 in their first three games, a trend LA must break

Radio France Internationale

Barnier promises to tackle France's most pressing problems swiftly

French Prime Minister Michel Barnier on Sunday called for a "national effort" to cut the country's public-sector deficit, but ruled out across-the-board tax rises. His new government is under pressure to prepare a budget before 1 October.

Bored Panda

“She Looks Amazing”: Lizzo Shares Before-and-After Look at Weight Loss Transformation

"When you finally get Ozempic allegations after 5 months of weight training and calorie deficit." The post “She Looks Amazing”: Lizzo Shares Before-and-After Look at Weight Loss Transformation first appeared on Bored Panda.

Motorsport

Martin Truex Jr.'s 2024 NASCAR Cup title run ends with 0.09mph error

Martin Truex Jr. appeared to be doing everything he needed to do to advance into the Round of 12. He erased much of the 14-point deficit he entered Bristol with by collecting 16 stage points.

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The Guardian - UK

Slovakia targets ‘wealthy’ book buyers with steep VAT rise

Booksellers, publishers and pro-Russia groups deride proposed rate increase to reduce public deficit

The Guardian - UK

Met police budget ‘heading off a cliff’, commissioner warns in funding plea

Sir Mark Rowley says force could have to shut half its ageing buildings in next decade and faces big deficit next year

Newcastle Herald

There's a steady stream of reasons for all this voter apathy

'This communication deficit was inevitable.'

Radio France Internationale

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.

International Business Times

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.

Top News

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.

The Independent UK

Japan's trade deficit grows while both imports, exports fall short of forecasts

Japan has posted a trade deficit for a second straight month, as both exports and imports were lower than expected

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