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The Latest Breaking News from Deficit

Schumer, Manchin Strike Deal To Raise Taxes, Cut the Deficit, Spend Billions on Climate Change

The proposal reportedly hikes taxes by over $730 billion, with $300 billion of that money to be used for reducing the federal budget deficit.

Reason

Manchin announces support for climate, tax, health care deal

It's a stunning reversal that could revive part of Biden's agenda.

Axios

Victor Reyes delivers winner as Tigers pull out victory vs. Padres in the ninth

DETROIT — The Detroit Tigers did what they couldn't on Tuesday night, overcoming a ninth-inning deficit and beating the San Diego Padres, 4-3, Wednesday on a walk-off double from Victor Reyes.

Tribune News Service

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Now it’s Bangladesh’s turn to ask the IMF for a loan

The finance minister told a local newspaper that while the country has asked for a loan, it is ‘in no way in trouble’.

Al Jazeera

Somkid warns of economic storm

Former deputy prime minister Somkid Jatusripitak has warned the government to brace for a perfect storm of global crises and have financial resources ready to cushion the blow for small and medium-sized businesses in the aftermath.

Bangkok Post

Showers revive prospects of kharif crop in Prakasam

Wet spells wipes out rainfall deficit

The Hindu

Canberra comeback saves 2022 NRL campaign

Canberra have recovered from a 14-0 deficit to beat the Warriors 26-14 at GIO Stadium, saving their 2022 NRL season in the process.

AAP

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Brazil government improves primary budget deficit forecast for 2022

Brazil's government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve the short-term fiscal balance.

Reuters

Soaring inflation pushes interest payments on UK debt to record high in June

Potential for future tax cuts narrows with budget deficit on course to top £100bn this year

The Guardian - UK

Millie Bright hails England’s ‘unbelievable mentality’ after win over Spain

The tournament hosts dug deep to turn around a deficit and reach the Euro 2022 semi-finals

The Independent UK

Japan trade deficit grows as oil prices surge, yen drops

Japan has reported its trade deficit for the first half of this year totaled nearly 8 trillion yen, or about $58 billion, because of surging oil prices and a weakening yen

The Independent UK

Third term still eludes Baltimore State’s Attorney Mosby; Bates takes lead as mail-in ballots counted

BALTIMORE — Baltimore State’s Attorney Marilyn Mosby faces an uphill battle to overcome a nine-point deficit to defense attorney Ivan Bates in the Democratic primary for the city’s top prosecutor.

Tribune News Service

Surging prices double Tunisia's food trade deficit in first half

Tunisia's food trade deficit doubled to 1.559 billion dinars ($496.99 million) due to the higher cost of imports of cereals and sugar in the first half of the year compared to the same period last year, the state Agricultural Observatory said on Tuesday.

Reuters

Hungary approves 2023 budget and deficit cuts after pre-poll spending spree

Hungary's parliament on Tuesday approved the 2023 budget, which sets out to reduce the budget deficit next year to 3.5% of economic output from a targeted 4.9% this year as the government tries to put finances back on a sustainable track.

Reuters

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Irish Mirror

'Huge deficit' in public transport provision in rural Ireland, report states

A report states that people in rural Ireland are forced to use their cars due to lack of public transport

The Hindu

Prakasam farmers a worried lot as monsoon plays truant in early phase

While the entire State experienced good rainfall, Prakasam saw 21% deficit

Chicago Sun-Times

Cameron Smith wins British Open for his first major title

His 8-under 64 was the lowest final round by a champion in the 30 times golf’s oldest championship has been played at St. Andrews.

The Times of India

Rupee fall fuels inflation, but makes exports competitive: Experts

NEW DELHI: Rupee depreciation has impacted the current account deficit and fuelled inflationary pressures but at the same time it has made Indian exports more competitive, according to experts.

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The Hindu

Deficit doubts: On concern over current account deficit

Fretting about the current account deficit is warranted; fiscal space must also be reassessed

The Guardian - UK

Celsius Network: crypto firm reveals $1.2bn deficit in bankruptcy filing

Company says it was faced with ‘run on the bank’ amid ‘cryptopocalypse’ as investors raced to withdraw assets

The Times of India

Gurugram: Weak monsoon pushes rain deficit to 42% in two weeks

Gurugram: A fortnight after the onset of monsoon, the city has a rain deficit of 42% — second only to Fatehabad (-44%) in the state — as heavy showers have eluded most parts of the district this month.

Axios

Manchin rules out climate spending and tax hikes, but open to prescription drug reform

Manchin remains open to a much smaller bill that focuses on deficit reduction.

The Hindu

Morning Digest | India’s current account deficit a concern, says Finance Ministry; Saudi Arabia lifts ban on Israeli flights, and more

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

The Times of India

Exports up 23.52% to $40.13 billion in June; trade deficit at record $26.18 billion

NEW DELHI: Exports in June rose by 23.52 per cent to $40.13 billion while the trade deficit ballooned to a record level of $26.18 billion mainly due to jump in gold and crude oil imports, the government data said on Thursday.

The Hindu

Fiscal deficit reined in, CAD a concern: Finance Ministry

“Inflation, trade deficit are key challenges”

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