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The Latest Breaking News from Deficit

There’s a glimmer of hope in the mid-year budget update, but inflation is still a big challenge

While household savings are at their lowest point in a generation, there is cautious optimism to be found in the government’s latest economic outlook report.

Crikey

Todt hits back at Ben Sulayem’s criticisms of his FIA leadership

Ben Sulayem took over from Todt at the end of 2021, and has pointed out several times that one of the biggest headaches he has had to deal with was a deficit that he inherited in the FIA's budget.Speaking about the issue for the first time last year, Ben Sulayem…

Autosport

Cocoa Prices Underpinned by Outlook for Tight Global Supplies

March ICE NY cocoa (CCH24 ) on Wednesday closed +20 (+0.47%), and Mar ICE London cocoa #7 (CAH24 ) closed +17 (+0.48%). Cocoa prices on Wednesday posted moderate gains and saw support from the outlook for tight global supplies. The Ivory Coast's regulator last Friday halted forward sales for the...

Barchart

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There's a glimmer of hope in the mid-year budget update, but inflation is still a big challenge

The federal government knows people are doing it tough. Inflation and interest rate pressures have put the cost-of-living at the forefront of voters’ minds.

The Conversation

Chalmers shrinks debt with revenue windfall, but households tighten their belts

We can relax about the budget deficit for now — extra tax revenue is taking care of government spending, even after the stage three tax cuts.

Crikey

Budget update forecasts deficit of $1.1 billion this financial year

The federal budget is headed for a small $1.1 billion deficit this financial year, according to the update released by Treasurer Jim Chalmers and Finance Minister Katy Gallagher on Wednesday morning.

The Conversation

Myefo 2023: Australia’s federal budget on track for wafer-thin $1.1bn deficit

Mid-year economic and fiscal outlook reveals $12.8bn improvement in budget bottom line due to strong labour market and commodity prices

The Guardian - AU

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Cocoa Prices Remain Strong on Supply Concerns

March ICE NY cocoa (CCH24 ) on Tuesday closed +24 (+0.57%), and Mar ICE London cocoa #7 (CAH24 ) closed +30 (+0.85%). Cocoa prices on Tuesday closed higher on continued supply concerns. The Ivory Coast's regulator last Friday halted forward sales for the 2023-24 Ivory Coast mid crop, which starts...

Barchart

Cocoa Prices Fall Back on Dollar Strength

March ICE NY cocoa (CCH24 ) on Monday closed -60 (-1.40%), and Mar ICE London cocoa #7 (CAH24 ) closed -53 (-1.48%). Cocoa prices Monday gave up an early advance and closed moderately lower as a strong dollar induced long liquidation in cocoa futures. March NY cocoa Monday initially climbed...

Barchart

Texas superintendents say lack of school safety funding may lead to budget cuts

The fourth special legislative session this year ended without any increased funding for school safety — even though public schools have complained for months they don’t have enough money to meet new safety mandates approved this year.

The Texas Tribune

Illinois falls to Tennessee in top-20 matchup

Dalton Knecht scored 21 points and No. 17 Tennessee rallied from a second-half deficit to beat No. 20 Illinois 86-79 Saturday.

Chicago Sun-Times

Tamil Nadu may get a break from heavy rain for a week starting Sunday

Tamil Nadu to get break from heavy rain for a week; scattered rain in parts; cyclonic circulation likely to develop; rainfall to reduce till Dec 15; dry weather conditions; light to moderate rain in some districts; no major weather systems; mild showers in Chennai till Mon; TN has recorded 38…

The Hindu

California faces record $68 billion budget deficit, analyst says

The nation's most populous state — with an economy that is the fifth largest in the world — has been struggling with the rising prices of most goods and services.

WEKU

Cocoa Prices Jump as Ivory Coast Cocoa Regulator Halts Forward Sales

March ICE NY cocoa (CCH24 ) on Friday closed +71 (+1.69%), and Mar ICE London cocoa #7 (CAH24 ) closed +54 (+1.54%). Cocoa prices Friday rallied for a third day, with Mar NY cocoa posting a 1-week high and Mar London cocoa posting a contract high. Cocoa prices jumped Friday...

Barchart

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The Independent UK

Drought vs deluge: Florida's unusual rainfall totals either too little or too much on each coast

In Florida, this year has been a tale of two states as far as rainfall totals, with the southeast coast deluged by sometimes-record rainfall and much of the Gulf coast facing a major precipitation deficit

Barchart

Cocoa Prices Settle Higher on Dollar Weakness and Cocoa Supply Concerns

March ICE NY cocoa (CCH24 ) on Thursday closed +74 (+1.79%), and Mar ICE London cocoa #7 (CAH24 ) closed +87 (+2.54%). Cocoa prices Thursday posted moderate gains as a weaker dollar supported prices. Cocoa also had a positive carryover from Wednesday when Rabobank projected a 2023/24 global cocoa deficit...

International Business Times

EU States Make Last-ditch Effort To Back Spending Rules Reform

EU finance ministers will try to hammer out an agreement over dinner on Thursday to reform bloc-wide spending rules after months of bitter divisions, especially between France and Germany.

inkl

Why Modular is the Perfect Solution for the Education Sector

It’s no secret that the education industry is stretched with an estimated 42% of secondary schools expected to have a deficit in the 2023/24 school year.

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Barchart

Cocoa Prices Rebound as Rabobank Projects a Global Cocoa Deficit

March ICE NY cocoa (CCH24 ) on Wednesday closed +20 (+0.49%), and Mar ICE London cocoa #7 (CAH24 ) closed +2 (+0.06%). Cocoa prices recovered from early losses Wednesday and closed higher after Rabobank projected a 2023/24 global cocoa deficit of -160,000 MT due to output declines in the Ivory...

The Hindu

Sadiku to Bagan’s rescue against Odisha at home

Defending champ Mohun Bagan Super Giant erased a two-goal deficit to draw 2-2 with Odisha FC in an ISL-10 fixture. Subhasish Bose's error led to a penalty for Odisha, while Ahmed Jahouh scored twice. Armando Sadiku netted for Bagan, equalizing in injury-time to save the host's blushes.

International Business Times

US October Trade Deficit Widens Further On Decline In Exports

The US trade deficit continued to grow in October due to a fall in exports, according to government data published Wednesday.

The Street

Warren Buffett has a genius plan to 'end U.S. deficit in 5 minutes'

The billionaire investor has a straightforward plan to solving one of the biggest economic issues.

The Hindu

Opposition questions Centre’s inaction on issues of unemployment, price rise in Rajya Sabha

Opposition questions Union government performance in economy, BJP defends Centre, citing electoral victories. Chidambaram focussed on unemployment, price rise & inequality. O'Brien & Reddy raised issues of price rise & trade deficit

Barchart

Cocoa Prices Weighed Down by Dollar Strength

March ICE NY cocoa (CCH24 ) on Tuesday closed -65 (-1.56%), and Dec ICE London cocoa #7 (CAZ23 ) closed -44 (-1.26%). Cocoa prices Tuesday closed lower for a third session, with NY cocoa posting a 1-week low and London cocoa posting a 3-1/2 week low. Tuesday's rally in the...

The Guardian - UK

EU expected to issue veiled warning to China over supply of cut-cost goods

European Commission chief Ursula von der Leyen to meet Chinese president Xi Jinping at summit on Thursday

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