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The Latest Breaking News from Deficit

UK Budget Deficit Grows Due To Cost Of Living

Learn about the surge in the UK's budget deficit in February due to cost of living payments and inflation, impacting economic stability.

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UK government borrows more in February than forecast with highest debt since 1960s

Higher than expected figure of £8.4bn in February could derail OBR forecast for £114.1bn deficit for 2023-24

The Guardian - UK

Japan's Exports Rise 7.8% In February, Trade Deficit Narrows

Japan's exports surged in February, leading to a trade deficit. Bank of Japan raised interest rates, while exports to key regions grew. Despite economic ch...

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Argentina Progressing Towards Fiscal Stability And Energy Growth

Tecpetrol highlights Argentina's progress in fiscal deficit reduction and energy production growth at CERAWeek.

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Scottie Scheffler retains Players Championship title after Wyndham Clark misses last-gasp putt

Reigning world No1 narrowly avoids a playoff at TPC Sawgrass after overhauling five-stroke deficit to become first back-to-back winner

Evening Standard

Leclerc: "A matter of time" before Ferrari puts Red Bull under pressure in F1

Leclerc opened his 2024 account with a first podium in last weekend's Saudi Arabian Grand Prix, one week on from team-mate Carlos Sainz also grabbing third in Bahrain. For Leclerc, who started from second behind polesitter and eventual winner Max Verstappen in both races, 2024 has gotten off to a much more…

Motorsport

Barr and Lee set the scene for the ACT election

Both leaders gave speeches this week about the economy.

The Canberra Times

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Crude Prices Rally on IEA Forecast for 2024 Oil Deficit

April WTI crude oil (CLJ24 ) is up +1.32 (+1.66%), and Apr RBOB gasoline (RBJ24 ) is up +0.156 (+0.59%). Oil prices are trading higher on today's IEA's report, which said the oil markets face a supply deficit for the remainder of this year due to OPEC+ production cuts. Oil...

Barchart

Turnbull says Australia ‘mugged by reality’ on Aukus deal as US set to halve submarine build

Former PM says the reality is the US will not make their submarine deficit worse by giving or selling submarines to Australia

The Guardian - AU

US February Budget Deficit Increases Due To Interest Costs, Refunds

US budget deficit rises in February due to increased interest costs and tax refunds, emphasizing the need for fiscal responsibility and effective financial...

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President Proposes Increasing Taxes On Wealthy To Reduce Deficit

President Biden's plan to reduce the deficit by trillion through fair taxation and spending cuts faces ongoing debate and skepticism.

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Biden's Budget Proposal Focuses On Tax Breaks And Health Care

President Biden's proposed budget for fiscal 2025 focuses on tax breaks, health care, deficit reduction, and increased taxes. It aims to trim deficits by $...

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‘Make it happen’: Mikel Arteta targets Champions League win against Porto

The Arsenal manager said: ‘We’re certainly going to have to tweak a few things’ as they bid to overturn a 1-0 first-leg deficit on Tuesday night

The Guardian - UK

President Biden Unveils Budget Plan To Reduce Deficit By Trillion

President Biden's budget plan focuses on deficit reduction, tax increases, and investments in healthcare, housing, and infrastructure.

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Roll Call

Biden budget offers up election-year contrast with GOP foes - Roll Call

HIs fiscal 2025 blueprint focuses on health care and housing costs, child care funding, college aid and expanded paid leave for workers.

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President Biden To Unveil Budget Plans Focused On Middle Class

President Biden's budget proposal focuses on middle-class benefits, tax increases, and deficit reduction to connect with voters in an election year.

The Guardian - UK

Rishi Sunak and his desperate party needed the budget to be a gamechanger. It wasn’t

Whatever the Conservatives try, their huge deficit in the opinion polls isn’t shrinking

The Times of India

2nd Test: Tom Latham leads New Zealand fightback against Australia

NEW DELHI: Opening batsman Tom Latham of New Zealand made a timely comeback to form, bringing the Black Caps back into the second Test match against Australia on Saturday. They overcame a 94-run deficit to lead by 40 at the end of play.

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President Biden's Economic Successes And Campaign Strategy

President Biden's campaign event in Pennsylvania focused on affordable housing, deficit reduction, and economic policies, outlining his vision for the future.

Top News

Transportation Secretary Addresses Economy And Airline Safety Concerns

Transportation Secretary Pete Buttigieg discusses economy, inflation, deficit reduction, and aviation safety in a recent interview.

Roll Call

Fact-checking Biden’s State of the Union - Roll Call

Biden’s speech included misleading claims on inflation, crime, clean energy investments, wages, FactCheck.org reports.

Evening Standard

Damning report exposing £17billion UK defence deficit paves way for radical overhaul

Public Accounts Committee reveals a £16.9 billion deficit in equipment plans at the Ministry of Defence

Reason

Biden Says He'll Make the Wealthy Pay More To Fix Social Security. Here's Why That Won't Work.

Raising the payroll tax cap could generate up to $1 trillion over 10 years, but Social Security faces a $2.8 trillion deficit.

Top News

President Biden Proposes Taxing Wealthiest Americans To Fund Initiatives

President Biden proposes tax increases on the wealthiest to address deficit and support federal programs for a fairer tax system.

Reason

A Bipartisan Tax Hike Won't Fix This Deficit

The government needs to cut back on spending—and on the promises to special interests that fuel the spending.

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