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The Latest Breaking News from Deficit

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...

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...

Barchart

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…

Autosport

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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.

International Business Times

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.

Reason

European Commission warns France over fiscal rules as election looms

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

The Guardian - UK

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...

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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.

Radio France Internationale

Brussels admonishes France over deficit as election nears – as it happened

Country is among seven that could face fines as it heads for high-stakes vote this month

The Guardian - UK

EU To Warn France, Italy And More Over Unruly Budgets

The European Union is expected on Wednesday to rebuke nearly 10 governments, including France and Italy, over their excessive spending after new budget rules entered into force this year.

International Business Times

France's soaring debt could lead to calls to leave the EU, a top bank warns

Far-left and far-right parties from the political fringes have proposed economic plans that centrist figures ripped as excuses to exit the European Union.

Fortune

CBO Projects Record-High Deficit And Debt Levels

Congressional Budget Office report reveals a 0 billion increase in federal budget deficit, reaching record debt levels, posing challenges for future law...

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Federal Budget Deficit To Reach Federal Budget Deficit To Reach Top News.9 Trillion This Year.9 Trillion This Year

CBO projects Federal Budget Deficit To Reach Top News.9 Trillion This Year.9 trillion deficit in 2024, trillion debt by 2034, highlighting fiscal challenges and need for solutions.

Top News

CBO: Deficits and inflation higher, but so is economic growth - Roll Call

The fiscal situation has worsened, with spending higher than expected and revenue lower, the Congressional Budget Office said.

Roll Call

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Cocoa Prices Settle Higher on a Decline in Ivory Coast Cocoa Output

July ICE NY cocoa (CCN24 ) on Tuesday closed up +279 (+2.89%), and July ICE London cocoa #7 (CAN24 ) closed up +65 (+0.77%). Cocoa prices on Tuesday settled moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data Tuesday...

The Independent UK

Congressional Budget Office projects a $400 billion increase in this year’s federal deficit

The Congressional Budget Office said Tuesday that it projects a federal budget deficit increase of $400 billion or 27% this year, from its last budget outlook released in February

Barchart

Cocoa Prices Move Higher on Reduced Cocoa Output in the Ivory Coast

July ICE NY cocoa (CCN24 ) today is up +274 (+2.84%), and July ICE London cocoa #7 (CAN24 ) is up +59 (+0.70%). Cocoa prices today are moving higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data today showed that...

AAP

NSW in battle to wrangle ballooning debt after GST hit

A series of predicted budget surpluses have turned into deficits for NSW, pushing debt to a projected figure of nearly $200 billion within a few years.

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Cocoa Finishes Sharply Lower on Demand Concerns and Ghana Production Optimism

July ICE NY cocoa (CCN24 ) on Monday closed down -635 (-6.17%), and July ICE London cocoa #7 (CAN24 ) closed down -418 (-4.73%). Cocoa prices on Monday fell sharply for a second session. Cocoa is under pressure because of concerns that Q2 global cocoa demand reports being released early...

Barchart

Cocoa Prices Slump on Demand Concerns and Ghana 2024/25 Cocoa Production Optimism

July ICE NY cocoa (CCN24 ) today is down -532 (-5.17%), and July ICE London cocoa #7 (CAN24 ) is down -418 (-4.73%). Cocoa prices today are falling sharply for a second session. Cocoa is under pressure because of concerns that Q2 global cocoa demand reports being released early next...

The Guardian - AU

NSW budget: treasurer sets scene for restraint as state faces $10bn deficit over four years

Hopes of return to surplus dashed as Labor blames ‘unfair’ GST carve-up

AAP

Home-building surge in tight budget of 'must-haves'

Record spending on social housing has headlined the Minns government's second budget as the NSW treasurer blames GST changes for rolling deficits.

Motorsport

Ocon expects Alpine F1 to keep rotating heavier chassis

Alpine Formula 1 driver Esteban Ocon says he expects his team to keep rotating its heavier chassis after being "a couple of kilos" overweight in Canada. Gasly and Ocon both scored points in Montreal amid some unease over a late position swap. But the fact that both drivers ended up…

Autosport

Ocon expects Alpine F1 team to keep rotating heavier chassis between drivers

Gasly and Ocon both scored points in Montreal amid some unease over a late position swap. But the fact that both drivers ended up in the top 10 was already a positive result for Alpine after a disappointing qualifying result for Ocon. Ocon went out in the first stage of…

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White House Criticizes Republicans Over 'Maganomics' And Tariffs Plan

White House criticizes GOP's 'MAGAnomics' and Trump's tariffs, while Biden focuses on protecting Medicare, Social Security, and reducing the deficit.

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