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The Latest Breaking News from Deficit

NSW budget surplus confirmed for 2024/25

The NSW government is forecasting a three-year turnaround to get the state back in the black after registering a better budget deficit outcome for 2021/22.

AAP

NSW budget deficit more than triples to $11.3 billion

The state's forecasted budget deficit has more than tripled, as the NSW government seeks to embark on major economic reforms while grappling with COVID-19 and disaster spending.

ABC News

India faces near-term challenges; better placed to deal with them: Finance ministry report

NEW DELHI: India is facing near-term challenges in managing its fiscal deficit, sustaining economic growth, reining in inflation and containing the current account deficit but the country is relatively better placed to weather these headwinds compared to other nations, the finance ministry said in its monthly economic report.

The Times of India

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Bihar: Protests over Agnipath singe BJP-JD(U) relationship, bring differences to the fore

PATNA: The Agnipath scheme for recruitment in the armed forces for a short period of four years has not only triggered violent protests, but also deepened the trust deficit and singed the relationship between NDA partners BJP and JD(U) in Bihar.

The Times of India

One in four UK prisoners has attention deficit hyperactivity disorder, says report

Study prompts calls for all offenders to be screened for ADHD when they begin prison sentences

The Guardian - UK

Eyes could signal neurodevelopmental disorders: Study

According to researchers at the University of South Australia, the human eye's retina could identify distinct signals for both attention deficit hyperactivity disorder (ADHD) and autism spectrum disorder (ASD), providing a potential biomarker for each condition.

Dynamite News

Schools and libraries face huge cuts after soaring costs create £1.7bn shortfall

Exclusive: Emergency council cuts feared across England caused by inflation and higher energy costs

The Guardian - UK

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Cyclerion Neurology Candidate Shows Encouraging Action In Preclinical Studies

Cyclerion Therapeutics Inc's (NASDAQ:CYCN) preclinical studies demonstrated its lead soluble guanylate cyclase (sGC) stimulator, CY6463, improved cellular energetics and reduced inflammation in preclinical models of mitochondrial disease. The data will be presented at the International Conference on cGMP. CY6463 significantly increased ATP levels in lymphoblasts derived from patients with mitochondrial complex 1 deficiency…

Benzinga

A Wonky Evisceration of Biden's Bad Deficit Math

Interest rates and servicing costs could push us into worrisome territory sooner than we think.

Reason

Orioles erase 5-run deficit behind Ryan Mountcastle’s two homers before falling to Blue Jays, 7-6, in 10 innings

TORONTO — The idea of a moral victory in baseball offers little solace to the losing ballclub, but there’s still something to take out of the Orioles’ loss to the Toronto Blue Jays on Wednesday night. Baltimore had faced a five-run deficit and came back to tie the game, the…

Tribune News Service

Lib Dems say they trail only narrowly in Tiverton and Honiton race

Internal polling points to two-point deficit – smaller than at same point in victorious North Shropshire campaign

The Guardian - UK

Exports up 20.55% in May to $38.94 billion

Trade deficit balloons at record $ 24.29 billion

The Hindu

English universities over-reliant on overseas students’ fees, report warns

Public accounts committee says institutions ‘potentially exposed to significant financial risks’, with 80 declaring annual deficit

The Guardian - UK

Carlson, Goldschmidt flex their power to vaporize five-run deficit, lead Cardinals comeback win

St. LOUIS — When Dylan Carlson felt his hamstring come apart it was just as his game was starting to come together.

St. Louis Post-Dispatch

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Reason

Why Biden's Claim of Cutting the Deficit Is False, in a Single Chart

...and why government spending is like an infestation of cicadas.

Autosport

Wolff: Draggy Mercedes F1 "parachute" causing one-second Baku deficit

Mercedes Formula 1 team principal Toto Wolff says the team's lack of top speed in Baku is the result of a draggy 'parachute' of a car coupled with a return of its bouncing issues.

Reuters

Pakistan to raise taxes on rich, ban some car buying to secure IMF bailout

Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money.

Tribune News Service

Climate change: Are reports of our doom making matters worse?

Even the most casual observer of current events has to admit there is much to be gloomy about. From public health (monkeypox and COVID-19 variants) to mass shootings (Buffalo, New York, and Uvalde, Texas, among others) to the inability of opinion leaders to agree on basic facts (see the events…

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The Hindu

Fitch upgrades India outlook to stable from negative

Pares 2022-23 growth to 7.8%, expects inflation to average 6.9%

USA Today Sports Media Group

How to watch the 42nd Curtis Cup at Merion; Friday four-ball lineups

Last year, Team USA rallied back from an early deficit to defeat Great Britain and Ireland, 12½-7½.

The Hindu

Current account deficit likely to hit three-year high at $43.8 billion in FY22

Exports could face significant headwinds from rising uncertainty and volatility in the global economy primarily because of the spike in commodity prices, especially crude oil after Russia invaded Ukraine

Liverpool Echo

Wirral Council praised after damning report but £14m deficit looms

The authority was heavily criticised in two government reports last year

Reason

Biden Says the Deficit Is Falling. Actually, It's Rising.

Under Biden, Trump, and Obama, government federal spending almost doubled.

Tribune News Service

US trade deficit narrows most on record on muted China imports

The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.

Benzinga

Economic Data Scheduled For Tuesday

International trade report for April will be released at 8:30 a.m. ET. Analysts expect a deficit of $92.0 billion for total goods and services trade in April, compared with a $109.8 billion deficit in the previous month. The Treasury is set to auction 3-year notes at 1:00 p.m. ET.

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