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The Latest Breaking News from Deficit

Immigration Could Reduce the Deficit by at Least $1 Trillion Over the Next Ten Years

But the Congressional Budget Office projection assumes we will not cut immigration levels, as is likely to happen if Trump returns to power.

Reason

How under-the-skin changes can help Alpine overcome F1 engine deficit

The French manufacturer took the decision as long ago as November 2022 to push on with an aggressive revamp of its F1 car for the 2024 season.

Motorsport

Surging Immigration Will Reduce Deficits by $1 Trillion

New Congressional Budget Office data shows how higher-than-expected immigration is a win for the economy and the federal budget.

Reason

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With a target on his back, Barr has a budget hiccup to explain

A higher than forecast deficit is an election-year gift for the opposition.

The Canberra Times

Federal Government Will Borrow Another $20 Trillion in the Next Decade

Three things to know about the new Congressional Budget Office report on the growing federal deficit.

Reason

Fiscal commission bills under fire from conservative groups - Roll Call

Americans for Tax Reform and other conservative groups have launched an assault on a proposed fiscal commission to curb deficits.

Roll Call

ACT budget deficit blowout $340m higher than forecast

Lower tax revenue has contributed to the decline.

The Canberra Times

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Road map for fiscal consolidation

The Interim Budget for 2024-25 maintains tax rates and emphasizes increasing capital expenditures and fiscal correction.

The Hindu

US Trade Deficit Slightly Increases in December

Learn about the latest US trade figures as the trade deficit rises slightly in December. Gain insight into the impact on the US economy and international t...

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The Times of India

ADHD: Here is all you need to know about this complication in kids

ADHD, or Attention Deficit Hyperactivity Disorder, is a neurodevelopmental condition that affects both children and adults. The symptoms of ADHD can manifest in various ways, impacting an individual's ability to focus, stay organized, and control impulsive behaviors. Understanding these symptoms is crucial in identifying and managing ADHD effectively. One of…

Reason

How Increasing Immigration Can Reduce the Deficit

And why the Congressional Budget Office does a poor job of making those estimates.

The Hindu

Budget 2024 | The pace of fiscal consolidation took everyone by surprise

The 2024 Budget focuses on fiscal consolidation and maintaining infrastructure spending, with lower fiscal deficit targets and optimistic growth projections.

Al Jazeera

In a sign of commitment, EU unlocks aid for Ukraine as it fights off Russia

Deal will help Ukraine cover its wartime deficit, but experts question what concessions were made to assure its passage.

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Al Jazeera

India budget 2024: What does it say about the economy, elections?

The Modi government has snipped its food subsidy bill while also lowering its fiscal deficit target.

The Hindu

Centre’s capex thrust will continue because the private investment remains weak: Former Niti Aayog VC Rajiv Kumar

Former Niti Aayog Vice Chairman Rajiv Kumar emphasizes the need for continued focus on capital expenditure in the upcoming Interim Budget to address weak private investment and bridge the infrastructure gap in the Indian economy.

Newcastle Herald

Council could lift rates by 30 per cent to manage growing debt

It's been operating with a deficit for the past four years.

Motorsport

Rasmussen pace key to “sitting duck” Era’s LMP2 Daytona 24 Hours win

Scotsman Dalziel, who won the Rolex 24 overall in 2010 and the LMP2 class in 2021, made it a hat-trick despite a straightline speed deficit to its class rivals, which were led by Malthe Jakobsen’s Crowdstrike by APR entry in the final stint.

Reason

Brickbat: Expensive Garbage

The city of San Francisco put almost five years and over half a million dollars into an effort to design and deploy the perfect garbage can. Now, that effort has been put on hold due to an $800 million budget deficit. Mayor London Breed called on all departments to cut…

The Guardian - UK

Jeremy Hunt has room for £20bn tax cuts after borrowing halves year on year

December deficit is less than expected at £14bn – the lowest for the month since 2019

The Times of India

AC Milan snatch late win over Udinese after Mike Maignan faced racial abuse

AC Milan overcame a one-goal deficit to secure a 3-2 victory against Udinese on Saturday. The match, briefly halted due to racial abuse aimed at Mike Maignan from home fans, resumed with Stefano Pioli's team earning three crucial points.

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