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The Latest Breaking News from Deficit

Pope Leo XIV marks feast day as Vatican launches campaign to help erase its $57-68 million deficit

Pope Leo XIV is marking a feast day as the Vatican launches a new campaign to boost donations from the faithful

The Independent UK

Adam Kinzinger hits Trump where it hurts him most, proving math is not the president’s friend

Kinzinger's sarcasm strikes a nerve.

We Got This Covered

Concern Over Brazil's Sugar Supplies Lifts Prices

July NY world sugar #11 (SBN25 ) Friday closed up +0.16 (+1.02%), and August London ICE white sugar #5 (SWQ25 ) closed up +6.80 (+1.42%). Sugar prices moved sharply higher Friday as short-covering emerged after JPMorgan Chase revised its Brazil sugar outlook for 2025/26 to a deficit of -900,000 MT...

Barchart

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Trump Presidency Ushers In Dollar's Worst Six-Month Slide In 34 Years

The first five months of Donald Trump‘s presidency have coincided with one of the steepest collapses in the U.S. dollar in over three decades, as economic contraction, surging deficits and political friction with the Federal Reserve hammered investor confidence in the greenback.

Benzinga

90 Deals in 90 Days? Trump's Trade War Is Failing on Its Own Terms

The trade deficit is getting bigger, the deals aren't coming, and foreign investment has declined.

Reason

Investors Seek Gold Alternative - Platinum Hits $1,400 As Supply Deficit Deepens

Platinum prices have surged to their highest levels since 2014, driven by tightening supply, speculative investor flows, and a wave of buyers turning to the metal as a cheaper alternative to gold.

Benzinga

France faces €5bn in fresh cuts as debt balloons to record high

France’s public debt rose again in early 2025, reaching just over €3.35 trillion at the end of the first quarter – 114 percent of GDP – official figures showed on Thursday. The government now says it needs to find another €5 billion in savings to rein in the ballooning deficit.

Radio France Internationale

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Ross Gerber Touts An Idea To Cut Deficit By Trillions Of Dollars: 'Let The Tax Cuts Expire And Full SALT Come Back'

As the One Big Beautiful Bill Act of 2025 proposes tax relief for individuals, it is also estimated to increase the federal deficit. However, this expert proposes an idea that could help cut trillions of dollars in deficit.

Benzinga

Crude Oil Falls Sharply; US Current Account Deficit Widens In Q1

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 1% on Tuesday.

Benzinga

Housing push the centrepiece of NSW budget which projects $3.43bn deficit next financial year

Financial position of Australia’s most populous state then expected to improve with a projected surplus by 2027-28

The Guardian - AU

Health levy a bitter pill to mend sick territory budget

Ratepayers will cop a $250 levy to help plug a health funding shortfall in the ACT budget, which also included investment in housing and cost-of-living relief.

AAP

João Almeida flies to TT victory to take Tour de Suisse title ahead of Kévin Vauquelin and Oscar Onley

'It was a lesson, you should never give up' says Almeida after overturning a 3-minute deficit from day one

Cycling Weekly

More Than a Monetary Metal: Silver's Case for Outperformance

A persistent supply deficit and surging industrial demand create a powerful investment thesis for silver, supported by a favorable macroeconomic backdrop.

MarketBeat

Spotlight on inflation as state treasurers come clean

Monthly inflation data and state budget updates are set to dominate the economic agenda and shape the Reserve Bank's next cash rate call.

AAP

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Fortune

Gold prices should hit $4,000 as U.S. deficits may overshadow the Israel-Iran conflict, BofA says

“While the war between Israel and Iran can always escalate, conflicts are not usually a sustained bullish price driver.”

Latin Times

GOP Lawmakers Issue Ultimatum to Demand Changes to Trump's 'Big, Beautiful Bill' or Face Rejection: 'All Three of Us Have to Be Yes'

A trio of Senate conservatives threaten to derail budget reconciliation unless GOP leaders agree to steep spending cuts and rollbacks of green energy subsidies.

The Guardian - UK

Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises

May figure second highest for month on record amid fears chancellor is struggling to keep within spending rules

We Got This Covered

‘Nobody’s pushed back on my numbers’: Lone GOP senator revolts against party’s $2.8 trillion deficit-busting megabill

Ron Johnson stands alone against fiscal fantasy.

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news in one place.

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Evening Standard

University principal and senior staff quit after report on finances

The University of Dundee has been struggling to deal with a £35 million deficit.

Fortune

Goldman Sachs says Trump’s spending plan won’t stop the national debt from hitting ‘unsustainable’ highs not seen since World War II

If borrowing costs remain high, future lawmakers could be left in a tough spot.

Reason

The 'Big Beautiful Bill' Will Require Even More Borrowing Than Previously Thought

After accounting for the dynamic effects of the Trump-backed tax bill, the CBO concludes it will add $2.8 trillion to the deficit over 10 years.

The Independent UK

Japan records trade deficit as exports suffer from Trump's tariffs

Japan has reported its exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump

The Guardian - UK

Over half of English councils face insolvency under £5bn deficit, MPs warn

Public accounts committee calls on government to urgently address deficit on high needs spending hitting at end of financial year

Latin Times

GOP Lawmaker Declares He's 'Not Voting for a Bill That Grows Deficits' in Critique of Trump's 'Big, Beautiful Bill'

A Republican lawmaker went against his party, stating that he will not vote for the "one big, beautiful bill" due to the deficits it will create if passed.

The Independent UK

The Tiger Woods story that inspired JJ Spaun to US Open glory

Spaun produced a remarkable turnaround in the final round to recover from a four-shot deficit at the halfway point

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