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The Latest Breaking News from Deficit

Monsoon progress slows down in Maharashtra, season's rain deficit at 38%

PUNE: The monsoon flow has weakened over the Arabian Sea, stalling its advance over parts of India by almost six days now, a top Met department official from Delhi told TOI on Monday. With the monsoon weakening, the countrywide rainfall deficit for the season has hit 38%, IMD data showed.

The Times of India

Katy Gallagher says the government has inherited the worst set of budget books in history. Is that correct?

Finance Minister Katy Gallagher says the incoming Labor government has inherited the worst set of budget books in history. Is that correct? RMIT ABC Fact Check investigates.

ABC News

Kalle Samooja claims European Open after overturning seven-shot deficit

Samooja fired eight birdies, including three in the last four holes.

The Independent UK

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McCormick concedes to Oz in Pennsylvania GOP Senate primary

Former hedge fund CEO David McCormick is conceding the Republican primary in Pennsylvania for U.S. Senate to celebrity heart surgeon Dr. Mehmet Oz. McCormick ended his campaign Friday night as he acknowledged an ongoing statewide recount wouldn’t give him enough votes to make up the deficit

The Independent UK

McCormick concedes to Oz in Pennsylvania GOP Senate primary

The Independent UK

Qld govt eyes budget deficit under $1.7b

Queensland can expect a budget deficit under $1.7 billion in 2022/23, but there will be two more years in the red before the books are back in black.

AAP

Exports up 15.46% to $37.3 billion in May; trade deficit widens to $23.33 billion

NEW DELHI: India's merchandise exports rose by 15.46 per cent to $37.29 billion in May on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, even as the trade deficit widened to $23.33 billion during the month, the commerce ministry said on Thursday.

The Times of India

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Jagan seeks Central funds to bridge revenue gap

Submits memorandum to Modi on revenue deficit, Polavaram project

The Hindu

Joe Starkey: Will Najee Harris win the race to a second contract?

PITTSBURGH — Najee Harris apparently showed up for OTAs as "Ninja" Harris, focused and toned, with thighs the size of the national deficit.

Tribune News Service

TikTok foodie shows how to order a Domino's pizza on a calorie deficit

This is how you can order your favourite pizza without feeling the guilt of having a cheat meal

Dublin Live

Deficit rain worry for Odisha

Bhubaneswar: Odisha is likely to experience below-normal rainfall during monsoon this year, the India Meteorological Department (IMD) said in its long-range forecast released on Tuesday, a news that has come as worry for farmers as it could affect sowing of seeds.

The Times of India

Morning Digest | Fresh wave of fear hits Kashmir; Fewest Civil Service recruits this year since 2012, and more

A select list of stories to read before you start your day

The Hindu

Current account deficit soars in April, exports rise 6.6% y-o-y

Thailand recorded a current account deficit of $3.4 billion in April after a surplus of $1.2 billion in the previous month, the central bank said on Tuesday.

Bangkok Post

Ghana's debt: the pros and cons of borrowing abroad versus at home

A government which decides to borrow – either because it has programmed a budget deficit or needs to refinance maturing debts – faces two, non-mutually exclusive possibilities: borrow domestically in the local currency or borrow externally in a foreign currency.

The Conversation

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Tribune News Service

Orioles storm back, erase pair of 6-run deficits to beat Red Sox, 12-8

For all the platitudes the Orioles give about their mentality — how they never give up — Friday night at Fenway Park was real, tangible evidence to support those statements.

Reason

New CBO Report Exposes Biden's Deficit-Reduction Misinformation

The president is trying to claim credit for falling deficits. Actually, his administration has overseen a $2.4 trillion increase in the long-term deficit.

Motorsport

Red Bull admits gap to Ferrari bigger than expected in Monaco

Sergio Perez says Red Bull has been taken aback by the deficit to Ferrari so far at Formula 1’s Monaco Grand Prix.

Autosport

Red Bull ‘surprised’ by gap to Ferrari, says Perez

Sergio Perez says Red Bull has been taken aback by the deficit to Ferrari so far at Formula 1’s Monaco Grand Prix.

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The National (Scotland)

Scotland facing 'tough decisions' as finance gap highlights lack of powers

The Institute of Fiscal Studies (IFS) said that a "substantial" gap in the Scottish government's finances are likely

The Guardian - UK

Leylah Fernandez turns final set around to sink Belinda Bencic at French Open

Leylah Annie Fernandez overturned a final-set deficit to beat Belinda Bencic 7-5, 3-6, 7-5 and reach the fourth round of the French Open

Benzinga

Mid-Morning Market Update: Markets Open Higher; US Goods Trade Deficit Narrows In April

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Friday.

Axios

Manchin serious about Schumer talks

He’s prepared to back tax increases in a Democrat-only bill.

Benzinga

Economic Data Scheduled For Friday

An advance report on U.S. international trade in goods is scheduled for release at 8:30 a.m. ET. The US goods deficit is projected to shrink to $118.0 billion in April after deepening to $127.1 billion in March.

The Conversation

Memo to Labor: you need more tax, working out how much more is urgent

The new government has inherited an extraordinarily difficult budget situation.

The Times of India

Govt has no plan for additional borrowing to manage fiscal deficit: Report

NEW DELHI: The government is not planning any additional borrowing and will stick to the borrowing target fixed for the current fiscal year despite sacrificing revenue on account of reduction in duties on petroleum products and other goods, official sources said on Wednesday.

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