The Latest Breaking News from Deficit

‘Starve the beast’? The $40tn cost of Republicans’ false promises to cut spending

The enormous US debt under Trump will hobble the next Democratic administration – just as the GOP planned

The Guardian - US · Aug 20

Michael Cohen, ex-fixer for Trump who once testified against him, hosts president on his radio show – as it happened

Despite previously comparing him to a ‘mobster’, Trump’s former personal lawyer showers him with praise. This blog is now closed.

The Guardian - US · Aug 20

Japan reports record exports and imports for July as energy costs climb

Japan’s imports and exports set records in July, though soaring energy costs and a weak yen helped extend a trade deficit for a third straight month

The Independent UK · Aug 20

High Treasury yields put US fiscal outlook under spotlight

Persistently high US Treasury auction yields are raising the cost of refinancing government debt and funding future deficits as investors demand greater compensation to absorb rising borrowing needs. Recent 10-year and 30-year auctions saw yields hit multi-year highs, though resilient demand suggests there is no broad buyer strike. The key…

The Economic Times · Aug 19

Global Supply Concerns Fuel a Rally in Sugar Prices

October NY world sugar #11 (SBV26 ) closed up +0.60 (+3.56%) on Tuesday, and October London ICE white sugar #5 (SWV26 ) closed up +16.50 (+3.15%). Sugar prices extended this month’s sharp rally on Tuesday, with NY sugar posting a 15-month high and London sugar posting a 16-month high. Tuesday’s...

Barchart · Aug 18

Fiscally fit: The counterintuitive move that helped India tame inflation

India's inflation between 2010 and 2016 offers a lesson in fiscal discipline. Persistent deficits eroded confidence, leading to high inflation rates. However, banking windfall revenue from cheaper oil repaired debt backing. This fiscal consolidation re-anchored prices and restored market confidence. This commitment to fiscal discipline has since buffered India from…

The Economic Times · Aug 18

Sugar Prices Soar on Global Supply Concerns

October NY world sugar #11 (SBV26 ) is up +0.53 (+3.14%) today, and October London ICE white sugar #5 (SWV26 ) is up +15.20 (+2.91%). Sugar prices extended this month’s sharp rally today, with NY sugar posting a 15-month high and London sugar posting a 16-month high. Today’s leg-up in...

Barchart · Aug 18

NKE Stock Has Crashed Nearly 80% From Its 2021 Peak — Wall Street Warns of ‘Stage 4’ Breakdown (UPDATED)

Editor’s Note: The story has been refreshed with the latest market price action and a revised headline.

Benzinga · Aug 18

Global Sugar Deficit Fears Underpin Prices

October NY world sugar #11 (SBV26 ) closed up +0.27 (+1.63%) on Monday, and October London ICE white sugar #5 (SWV26 ) closed up +11.80 (+2.31%). Sugar prices settled sharply higher on Monday, with London sugar posting a 16-month high. The outlook for a global sugar deficit is underpinning sugar...

Barchart · Aug 17

El Nino causing rainfall deficit in Andhra: CM N Chandrababu Naidu

The severe El Nino phenomenon has triggered a notable shortfall in rainfall across Andhra Pradesh, raising concerns. Chief Minister Naidu has staunchly defended the transparency of the Mega DSC-2025 teacher recruitment process. With reservoir water levels plummeting, the agricultural sector and drinking water supply face serious threats. To address potential…

The Economic Times · Aug 17