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The Latest Breaking News from Deficit

Elon Musk and Most Taxpayers Don't Like What's in Trump's 'Big Beautiful Bill'

President Trump is betting big on his newest tax cuts, signed into law on July 4. But not everyone is on board.

Kiplinger

What’s in Trump’s major tax bill? Extended cuts, deportations and more

Donald Trump’s sweeping legislation boosts the wealthy, funds a border wall and risks $3tn deficit before his term ends

The Guardian - US

Peter Thiel Says Elon Musk Vision Of A Billion Humanoid Robots In Ten Years Makes All The Hand-Wringing Over Deficits Look 'Unthought-Through'

Billionaire investor Peter Thiel says Elon Musk's plan for "a billion humanoid robots in the U.S. in 10 years" collides with the Tesla chief's alarm over ballooning federal deficits, proof, Thiel argues, that Musk hasn't “thought through" the proposition just yet.

Benzinga

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read the most diverse news in one place.

Ray Dalio Says Politicians That Promise Not To 'Raise Your Taxes' Not Aligned With Preventing A 'Big' Debt, Dollar Crisis: 'To Me, That's A Tragedy'

Billionaire investor Ray Dalio is sounding the alarm on what he calls an inevitable “debt/dollar crisis” unless U.S. policymakers confront the country's ballooning fiscal deficit with a mix of tax increases and spending cuts.

Benzinga

Musk vows to unseat lawmakers who support Trump’s sweeping spending bill

Tesla CEO also threatened forming an ‘America Party’ if the bill, which would increase US deficit by $3.3tn, is passed

The Guardian - US

Senate's Tax Bill Will Add $270 Billion to the Deficit Next Year, Despite Gimmicks

The House-passed version of the One Big Beautiful Bill Act was fiscally irresponsible. The Senate has made the bill worse.

Reason

Dollar Slips on Trade Uncertainties and Threats of Soaring Deficits

The dollar index (DXY00 ) is down by -0.20% and posted a 3-1/4 year low. The dollar remains under pressure on uncertainties over US trade policies with many nations trying to negotiate trade deals with the US before President Trump's July 9 deadline. Also, rising deficits are bearish for the...

Barchart

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Elon Musk's Birthday Wish: Kill The Bill Before It Kills The Economy

On June 28, his 54th birthday, Elon Musk didn't post celebratory photos or launch a new product.

Benzinga

Lando Norris sets sights on British Grand Prix victory after win in Austria

The Briton has reduced the title deficit to Piastri to 15 points ahead of round 12 next week at Silverstone

The Independent UK

Is The Bond Market Panic Overblown And Being Driven By Inexperienced Investors? Morgan Stanley Thinks So

President Donald Trump's tariffs have had several unintended effects on the economy, but the unease they have created in the bond market has surprised investors around the globe. The tariffs sparked a bond market sell-off, and there was a second selloff after Congress passed Trump's "big beautiful bill." Concerns over…

Benzinga

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

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

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Reason

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.

Benzinga

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.

Radio France Internationale

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.

Benzinga

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.

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news in one place.

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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.

The Guardian - AU

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

AAP

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.

Cycling Weekly

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

MarketBeat

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.

AAP

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.

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.”

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