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The Latest Breaking News from Deficit

The deficit just grew by $955 billion in 7 months. It's time for a constitutional fix to control the budget

Interest payments just hit $628 billion. Decades of failed congressional fixes prove that only a constitutional amendment can break Washington's addiction.

Fortune

Brace for higher gold prices and supply boom in grey markets after customs duty hike: SBI report

15% customs duty hike on gold imports is expected to raise domestic prices and potentially divert supplies through unofficial channels, according to SBI Research. This move could impact India's current account deficit, though gold's role as the sole driver is debated. Import volumes are projected to decline.

The Economic Times

'There is already something going on in the bunch' - Threat of illness after cold, wet Giro d'Italia stage 5 more concerning than 6:22 deficit for Visma-Lease a Bike

Red Bull-Bora-Hansgrohe expect Visma to keep pink jersey in reach with Friday's stage to Blockhaus on the horizon

Cycling News

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Mamdani 'Balanced' New York City's Budget—With a Bailout From Albany

The mayor eliminated a $12 billion deficit with an infusion of cash from the state government, as well as by putting off some of today's obligations for tomorrow.

Reason

Sugar Sharply Higher on the Outlook for Global Deficits

July NY world sugar #11 (SBN26 ) on Wednesday closed up +0.37 (+2.47%), and Aug London ICE white sugar #5 (SWQ26 ) closed up +13.70 (+3.10%). Sugar prices rallied sharply on Wednesday and posted 1-week highs amid an outlook for tighter global sugar supplies. On Wednesday, consultant Datagro raised its...

Barchart

Expectations for Global Sugar Deficits Push Prices Sharply Higher

July NY world sugar #11 (SBN26 ) today is up +0.33 (+2.20%), and Aug London ICE white sugar #5 (SWQ26 ) is up +12.40 (+2.81%). Sugar prices rallied sharply today at 1-week highs amid an outlook for tighter global sugar supplies. Consultant Datagro today raised its 2026/27 global sugar surplus...

Barchart

National debt is one of the only things Republican and Democrat voters are equally concerned about

Rising debt’s wide-reaching consequences are a rare point of shared concern for voters.

Fortune

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Oops!... Pakistan did it again: The 'deny, deflect, get caught' pattern repeats

Pakistan's history of 'oops' moments, from allegedly harboring Iranian aircraft to denying terrorist camps, has eroded its credibility on the global stage. Decades of strategic ambiguity and carefully calibrated deniability have created a trust deficit, making its diplomatic assurances met with skepticism and every crisis a potential international embarrassment.

The Times of India

Oil stocks drain at record pace as IEA warns of renewed price swings

The International Energy Agency says the oil market is likely to remain in deficit until the final quarter of the year, as disruptions at the Strait of Hormuz continue to constrain supply, increasing the risk of renewed price volatility.

Euronews

Which European economies are growing the fastest in 2026?

The eurozone has slowed sharply, expanding just 0.8% year-on-year in the first quarter of 2026. Yet three economies are growing several times faster than the bloc as a whole.

Euronews

Silver rate today: Silver prices surge across IBJA, MCX, MMTC-PAMP after import duty on white metal increased

Silver prices saw a significant jump on May 13, 2026. This surge followed the government's decision to increase customs duty on silver imports. Global geopolitical tensions and inflation worries also contributed to the price rise. Experts predict higher domestic prices and potential impact on consumer demand. The duty hike aims…

The Economic Times

Rising duties may cut India’s gold imports sharply: Mohammed Imran

India's bullion market faces a significant reset as the government hikes import duties on gold and jewellery. Analysts predict this will cool demand, reduce imports, and push domestic gold prices higher, potentially impacting jewellery and ETF investments. Meanwhile, silver is poised to benefit from global supply deficits and disruptions.

The Economic Times

India’s economic strength defies foreign outflow fears, S&P Says

S&P Global Ratings said India is coping with global financial pressures better than headline data indicate, adding that concerns over foreign investment outflows are overstated. The agency said India has enough buffers to manage a wider current-account deficit caused by rising oil prices.

The Economic Times

Why Gold Prices May Rise Even More After Modi’s Warning

Gold is not just metal in India. It is emotion, tradition, security, and status packed into one shining investment. From weddings to festivals, buying gold feels almost natural in Indian households. But now, a serious warning from Prime Minister Narendra Modi has sparked a nationwide conversation. Why does the government…

MyLifeXP

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Fortune

The U.S. auto industry went from global hegemon to running a $3.3 trillion trade deficit with the world: 'That's not acceptable'

Lagging American car companies is a bad sign for the industry and for national security.

The Economic Times

‘If Indians stop buying gold for one year, how much would India benefit?’ User asks billion-dollar question to AI, the reply will shock you

India Gold Buying: A viral X post questioning the economic impact of India's gold obsession sparked a national debate. With gold imports soaring, economists suggest reducing purchases could ease the trade deficit and strengthen the rupee. However, gold's deep cultural and emotional significance complicates any drastic shift.

The Economic Times

Petroleum coke shortage may hit aluminium production outside Gulf too: JP Morgan

Global aluminium production faces potential disruptions beyond the Gulf due to worsening petroleum coke shortages, a key raw material. JPMorgan Chase & Co. reports that a prolonged Strait of Hormuz closure could impact producers worldwide, potentially leading to operational challenges and production cuts. The market is already experiencing supply issues,…

The Economic Times

PM Modi wants Indians to buy less gold but jewellers suggest three ways to save forex without any sacrifices

Amidst calls to conserve forex, the All India Jewellers and Goldsmith Federation proposed a dedicated bullion bank and revamped gold monetisation schemes. These initiatives aim to reduce India's annual gold import dependence by 200-300 tonnes. High gold imports, driven by price surges, have significantly widened the trade deficit and impacted…

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The Economic Times

India's gold imports: How it impacts our economy | An explainer

India's gold imports are at an all-time high, reaching USD 71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to curb these imports and protect reserves.

The Economic Times

India's gold import: How it impacts our economy | An explainer

India's gold imports are at an all-time high, reaching $71.98 billion in 2025-26. This surge is driven by increased prices and trade agreements. High imports pressure India's trade deficit and foreign exchange. The government is reviewing trade policies to curb these imports and protect reserves.

International Business Times

'Trust Doesn't Collapse Overnight': Experts Warn US Debt Is Now Accelerating America's Rivalry With China

The US is projected to borrow over $2 trillion in a fiscal year, raising concerns among economists about fiscal sustainability and geopolitical implications, with interest payments rivaling major federal expenditures.

Reason

US Court of International Trade Rules Against Trump's Section 122 Tariffs

The 2-1 decision concludes Trump's massive new tariffs are illegal because there is no "balance of payments deficit" of the kind needed to authorize them.

The Independent UK

The unprecedented feat achieved by Premier League sides in Europe this season

This season will see Premier League sides compete in all three finals of Europe’s top competitions for the first time: The Champions League, Europa League and Conference League. On Thursday night, Aston Villa reached the Europa League final by overcoming a 1-0 deficit from the first leg to beat fellow…

Fortune

Treasury expected to borrow $2 trillion this year to continue functioning—more than $166 billion every month

"Markets will only tolerate our unsustainable borrowing for so long; the risk of a fiscal crisis gets higher as the days pass. We need deficit reduction urgently."

Medical Daily

Does Skipping Meals Help You Lose Weight or Slow Metabolism? What You Need to Know

Skipping meals may aid weight loss short-term but can slow metabolism, disrupt hormones, and risk muscle loss without proper nutrition strategies.

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