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The Latest Breaking News from Deficit

Peter Schiff Says UK's Plan to Sell $6.7 Billion In Seized Bitcoin Could Help Budget: 'I Hope The US Doesn't Buy It For The Strategic Reserve'

Economist Peter Schiff on Sunday called the UK’s purported plan to sell almost $6.70 billion in stolen Bitcoin (CRYPTO: BTC) a “right” approach to address their budget deficit.

Benzinga

It's definitely a big deficit but anything can happen' - Visma-Lease a Bike promise a Tour de France fightback

The two-time Tour de France winner has his back against the wall but remains defiant

Cycling Weekly

Japan is facing slowing exports and trade deficit amid threat from Trump's tariffs

Fears of a recession are mounting in the world's fourth-largest economy, after export to the US declined for the second month in a row in June.

Euronews

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Kyle Schwarber's 3 homers in All-Star Game's first tiebreaking swing-off lift NL over AL

Kyle Schwarber went 3 for 3 to put the National League ahead as they won the first All-Star Game home run swing-off 4-3 following a 6-6 tie in which the American League rallied from a six-run deficit

The Independent UK

French PM Bayrou proposes slashing two public holidays to reduce national deficit

France’s public deficit hit 5.8% of GDP in 2024, totalling €168.6 billion, a figure well above the maximum allowed by EU rules.

Euronews

French PM to lay out difficult budget decisions to escape 'deadly deficit trap'

French Prime Minister François Bayrou presents the highly anticipated 2026 budget to parliament on Tuesday, outlining plans to find €40 billion in spending cuts and tax hikes. Whatever form the measures take they will be unpopular and risk bringing down the government.

Radio France Internationale

Peter Schiff Gives Trump's 30% Tariff Threat On Mexico, EU A Reality Check: America Relies On Deficits To Make Up For Excess Debt And Consumption

President Donald Trump’s latest threats to impose a 30% tariff on all imports from Mexico and the European Union are drawing criticism from prominent economist Peter Schiff.

Benzinga

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Elon Musk and some Democrats like Reid Hoffman actually share common ground on U.S. debt

LinkedIn cofounder and top Democratic donor Reid Hoffman said he's "very sympathetic" to Musk's core cause of reining in deficits.

Fortune

OPINION - This obsession with diagnosing kids with autism and ADHD is ruining their lives - I should know

I've noticed something amongst today’s children. When I see kids who are 'difficult', 'quiet' or 'hard to get to', they used to be known as just that. But now, more often than not, these kids have now been labelled as neurodivergent. Whether it’s ADHD, or attention deficit disorder or autism,…

Evening Standard

'I don't have an explanation' – Visma left without answers as Jonas Vingegaard suffers heavy defeat in Tour de France time trial

'Luckily, the Tour is long' says Dane as he tries to remain upbeat despite new 1:13 deficit to close rival

Cycling News

ADHD in children: How to maintain family balance

Attention deficit disorder, with or without hyperactivity (ADHD), can be a problem outside of school because it disrupts the quality of life of families. Between stigmatization, chronic stress and feelings of helplessness, many families feel overwhelmed by this still poorly understood disorder.

The Conversation

Peter Schiff Says Trump's Tax Cuts 'Won't Grow The Economy.' Instead, He Warns They'll Lead To Higher Interest Rates And Inflation

Economist and market commentator Peter Schiff is cautioning against President Donald Trump's latest tax and spending package, saying it could do more harm than good for the U.S. economy.

Benzinga

15 EU countries allowed to violate deficit limit for defence spending

The European Commission is hoping measures it rolled out in March could see €800 billion invested into defence before the end of the decade.

Euronews

Trump plans to delay tariff start to August 1 as he announces 25% levy for Japan and South Korea

Bizarre letters cite ‘unsustainable’ trade deficits with two of America’s most important allies and trading partners

The Independent UK

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The Guardian - US

So big, so beautiful: Fox News ignores the critics and champions Trump’s bill

Rightwing network downplays criticism from economists and says bill is ‘packed with massive, huge, important wins’

Benzinga

Trump Signs Sweeping Tax And Spending Bill That CBO Says Will Add $3.3 Trillion To US Deficit, Cut Health Coverage For 11.8 Million Americans

On Friday, President Donald Trump signed a sweeping tax and spending bill into law during a July 4 picnic at the White House, touting it as a historic win, even as the Congressional Budget Office projects it will significantly widen the federal deficit and leave millions uninsured.

Benzinga

Elon Musk Backs Warren Buffett's Brutal '5-Minute Deficit Fix' To Ban Congress From Reelection If They Blow the Budget: '100% This Is the Way'

More than a decade ago, Warren Buffett said the national deficit could be solved in just five minutes. His plan? "You just pass a law that says that any time there is a deficit of more than 3% of GDP, all sitting members of Congress are ineligible for reelection."

Al Jazeera

Elon Musk revives third party idea after ‘One Big Beautiful Bill’ passes

The billionaire Tesla founder has clashed with President Donald Trump over the bill’s increase to the US deficit.

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Euronews

What is in Trump's tax and spending bill that will soon become law?

The bill is set to massively widen the US’ budget deficit and leave an added 12 million Americans without health insurance.

Barchart

Stocks Rally as US Payroll Report Encourages Economic Optimism

The S&P 500 Index ($SPX ) (SPY ) on Thursday closed up +0.83%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.77%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.99%. September E-mini S&P futures (ESU25 ) rose +0.77%, and September E-mini Nasdaq futures...

International Business Times

US Trade Deficit Widens In May As Trump Tariffs Fuel Uncertainty

The US trade deficit widened more than expected in May, with both imports and exports declining as US President Donald Trump's tariffs sent shock waves through the economy and snagged supply chains.

Barchart

Stocks Rally on the Stronger-Than-Expected US Payroll Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.65%. September E-mini S&P futures (ESU25 ) are up +0.46%, and September E-mini Nasdaq futures...

The Independent UK

Starmer backs Reeves after chancellor cries in Commons following welfare revolt

Keir Starmer has publicly supported chancellor Rachel Reeves after she was crying and appeared visibly distressed in parliament. Reeves' distress followed government U-turns on welfare reforms, which created a deficit in her budget plans. The welfare reform bill passed only after measures intended to generate long-term savings were removed. Some…

Benzinga

Gary Black Counterns Elon Musk's Bankruptcy Warning, Says US Debt 'Fairly Low' At 125% Of GDP

Financial analyst Gary Black, the managing partner at the Future Fund LLC, has issued a bold take on the U.S. fiscal health, likening the nation's debt to corporate debt levels and calling it “fairly low.”

Barchart

Dollar Slips on Trade Uncertainty and Rising US Deficits

The dollar index (DXY00 ) on Tuesday fell by -0.13%. The dollar on Tuesday added to Monday's losses and posted a 3-1/3 year low. The dollar remains under pressure due to uncertainties over US trade policies, with many nations trying to negotiate trade deals with the US before President Trump's...

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