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The Latest Breaking News from Deficit

Egypt’s Trade Balance Deficit Drops 28.7% in July

Egypt’s trade deficit declined by 28.7% year-on-year (YoY) in July, according to data released on Tuesday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly bulletin revealed that the deficit value of trade balance reached $2.7 billion in July, down from $3.8 billion for the same month…

Asharq Al-Awsat

Celtics’ James Posey on Boston’s miracle comeback vs. the Los Angeles Lakers in Game 4 of the 2008 NBA Finals

A 35-14 deficit in the contest's first quarter soon became a 24-point chasm by the second half of the game, and the Celtics' hopes of taking a 3-1 series lead seemed out of the question.

USA Today Sports Media Group

Kansas City Chiefs overturn 17-point deficit to beat the Las Vegas Raiders

Despite giving up a late touchdown, the Chiefs were able to hold on for a thrilling win.

The Independent UK

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Chiefs hold on for wild 30-29 victory over rival Raiders

Patrick Mahomes threw four touchdown passes to Travis Kelce, the Chiefs overcame an early 17-point deficit along with a dubious roughing-the-passer penalty, and Kansas City extended its mastery of the Las Vegas Raiders, holding on for a 30-29 victory

The Independent UK

Taxing times: What's on the table for tax cuts?

A record tax take, a better than expected deficit - could tax cuts be on the table going into next year's election?

Newsroom.co.nz

Mariners complete wild comeback, beat Blue Jays to advance to ALDS

TORONTO — How do you recover from an awful outing from your starting pitcher, a worse showing from one of your best relievers and a seven-run deficit with everything seemingly working against you and a sold-out crowd cheering against you like it’s Thunderdome?

Tribune News Service

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Guardian - UK

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World Bank has downgraded Indian economy but PM is still resorting to empty slogans, alleges Congress

Ms. Shrinate said rupee has hit a historic low.

The Hindu

Government says it's open to talks as Wirral council struggles with growing deficit

"We are working with councils to understand the impact inflation will have on their budgets and stand ready to speak to any council that has concerns"

Liverpool Echo

Finance Ministry releases ₹7,183 crore grant to 14 States

With the release of seventh instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in current fiscal has gone up to ₹50,282.92 crore, an official statement said.

The Hindu

Ratings agency Fitch downgrades UK credit outlook to ‘negative’

Chancellor’s plan could lead to a ‘significant increase in fiscal deficits over the medium term’, ratings agency warms

The Independent UK

The 10 drivers gunning for DTM title glory at Hockenheim

The 2022 DTM season is set for a thrilling showdown this weekend, with 10 of the 27 drivers heading to Hockenheim in contention for the title. We rate their chances…

Autosport

Here's Why Biden Is Wrong About the Deficit

His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.

Reason

Concerns grow about lame-duck appetite to stop steep budget cuts - Roll Call

The 2010 pay-as-you-go law is poised to require $100 billion in spending cuts just after this year's holiday season.

Roll Call

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The Independent UK

US starts fiscal year with record $31 trillion in debt

The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday

The Hindu

With the rupee under pressure, what next

Even though a crisis is unlikely because of differences between the external situation then and now, India could still remain vulnerable on many counts

Liverpool Echo

MP demands government meeting as Wirral Council faces possible bankruptcy over deficit

"This is a crisis made in Westminster, not Wirral"

The Guardian - UK

UK’s ‘pro-growth’ government has only made a recession more likely

Thanks to Truss and Kwarteng, the country is now far riskier for the investors who finance our trade and budget deficits

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Tribune News Service

No. 1 Georgia comes from behind to beat Missouri, 26-22

COLUMBIA, Mo. — In its long and storied history, Missouri has never beaten the nation’s No. 1-ranked team. It still hasn’t as the Georgia Bulldogs erased a 10-point, fourth-quarter deficit for a 26-22 come-from-behind win.

The Philadelphia Inquirer

Nationals rout Phillies in Game 1 of doubleheader, 13-4

WASHINGTON — Here’s how it’s going for the Phillies: In the 157th game of the season, with a playoff berth in sight, against the worst team in baseball, infielder Nick Maton came on to pitch with a nine-run deficit in the eighth inning.

Liverpool Echo

Council leader accused of 'deliberately painting worst case scenario' over growing deficit

Wirral's Greens criticised the handling of council finances but Labour say rising inflation is to blame

Birmingham Post

An independent Wales' fiscal deficit lower than previous estimates says new report

The report has been hailed a "game changer" by Plaid leader Adam Price

Liverpool Echo

Council deficit balloons to £49m with vote asking for bailout expected soon

Asked if a bankruptcy declaration is possible, Cllr Williamson said there were no plans to, adding “people didn’t vote us in to abdicate responsibility"

The National (Scotland)

Study finds deficit in independent Wales would be ‘fraction’ of UK estimates

‘GAME-changing” research has found the fiscal gap in the early days of an independent Wales would be a fraction of what has previously been…

Chicago Sun-Times

Junior Earnest Rice accounts for 4 TDs to lead North Lawndale to comeback win against Kennedy

North Lawndale’s offense didn’t take the field until nearly halfway through the second quarter on Thursday against Kennedy. But the Phoenix spent the week dealing with an issue far more serious than a 14-point first-half deficit.

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