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The Latest Breaking News from Deficit

Paul: Trump bill "math doesn't add up"

The senator from Kentucky says Trump's cost-cutting bill will actually supercharge the deficit

Salon

Where Does This Tour Pro's Mammoth Final Round Comeback Rank In Terms Of Golf's Largest Ever

Kristoffer Reitan fired a nine-under-par course record of 62 at Rinkven International Golf Club, overcoming a nine shot deficit in the process

Golf Monthly

Top Republicans threaten to block Trump’s spending bill if national debt is not reduced

Prominent US senators warn Trump to ‘get serious’ about addressing budget deficit or they will block ‘beautiful bill’

The Guardian - US

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Kristoffer Reitan Wins Soudal Open In Playoff After Overcoming Nine-Stroke Deficit Via Course Record On Stunning Final Day

Norway's Kristoffer Reitan broke the course record at Rinkven International and then won his first DP World Tour title in a playoff at the Soudal Open

Golf Monthly

GOP cuts make Trump touch the third rail

Republicans are raising the deficit so high that it may trigger sequestration and mandatory cuts to Medicare

Salon

Yields hit housing bubble levels. Get ready for higher rates

A ballooning deficit and higher inflation could keep long-term interest rates elevated.

Fortune

Ray Dalio says politicians addressing U.S. budget deficit are like passengers ‘on a boat that’s headed for rocks’

Dalio says no attempts to reduce the deficit will be made until after the 2026 midterm elections.

Fortune

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Tax Reconciliation Bill Could Trigger $500 Billion in Mandatory Medicare Cuts

The deficits caused by the tax bill would trigger the Statutory Pay-As-You-Go Act of 2010 and force billions in cuts to Medicare. However, Congress can block the implementation of the cuts.

Kiplinger

Stocks Settle Mixed on Concerns Over Trade Policy and the Fiscal Outlook

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed unchanged, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.15%. June E-mini S&P futures (ESM25 ) are down -0.05%, and June E-mini Nasdaq futures (NQM25...

Barchart

Stocks Stabilize as Bond Yields Slip

The S&P 500 Index ($SPX ) (SPY ) today is down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.40%. June E-mini S&P futures (ESM25 ) are down -0.03%, and June E-mini Nasdaq futures...

Barchart

Sweeping budget package passes House after weeks of arm-twisting - Roll Call

House Republicans passed their "big, beautiful" reconciliation bill early Thursday morning, sending to the Senate a filibuster-proof package.

Roll Call

Asian Equities Track Wall St Sell-off As US Deficit Fears Grow

Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald Trump tries to push through fresh tax cuts that could balloon the already huge deficit.

International Business Times

Stocks Tumble as Bond Yields Jump on Deficit Concern and Weak Auction

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -1.61%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.91%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -1.34%. June E-mini S&P futures (ESM25 ) are down -1.66%, and June E-mini Nasdaq futures...

Barchart

The GOP Tax Bill Will Add $2.3 Trillion to the Deficit, CBO Says

That total could double if temporary provisions in the bill become permanent, as is likely to happen.

Reason

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We Got This Covered

Congress exposes Trump’s $3.8 trillion deficit that helps the rich and makes ‘children go hungry’

Even Congress isn't falling for this.

Barchart

US Deficit Concerns Undercut the Dollar and Boost Gold

The dollar index (DXY00 ) Wednesday fell by -0.59% and posted a 2-week low. The dollar remains under pressure after Moody’s Ratings late last Friday downgraded the US government’s credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the dollar’s status as...

Motorsport

Daniil Kvyat: “Peaky” RB21 still has huge potential in F1 title fight

Ex-Formula 1 driver Daniil Kvyat believes Red Bull still has a “very quick car” that can take the fight to championship leaders McLaren despite the early deficit.

Barchart

Dollar Retreats on US Deficit Concerns

The dollar index (DXY00 ) is down by -0.60% and fell to a 2-week low. The dollar remains under pressure after Moody’s Ratings late last Friday downgraded the US government’s credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the dollar’s status...

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Barchart

Stocks Decline as Bond Yields Rise on Deficit Concerns

The S&P 500 Index ($SPX ) (SPY ) today is down -0.50%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.82%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.33%. June E-mini S&P futures (ESM25 ) are down -0.43%, and June E-mini Nasdaq futures...

International Business Times

Trump Pushes Republicans To Back 'Big, Beautiful' Tax Bill

US President Donald Trump told rebel Republicans Tuesday to back his so-called "big, beautiful bill," despite criticism that its tax cuts will increase America's yawning budget deficit.

Latin Times

GOP Lawmaker Turns on Trump After Admin Denied Raising Deficit by Trillions: 'Now That's a Joke'

Thomas Massie (R-KY) blasted the Trump administration's claim that the GOP's proposed "big, beautiful bill" would be deficit-neutral, calling the idea "a joke".

Barchart

Bearish Sentiment Weighs on the Dollar

The dollar index (DXY00 ) Tuesday fell to a 1-1/2 week low and finished down by -0.32%. The dollar remains under pressure after Moody's Ratings late last Friday downgraded the US government's credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the...

Barchart

Dollar Remains Weak After US Credit Downgrade

The dollar index (DXY00 ) today slid to a 1-1/2 week low and is down by -0.15%. The dollar remains under pressure after Moody’s Ratings late last Friday downgraded the US government’s credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the...

Fortune

Will Moody's U.S. credit downgrade trigger 'flight to quality?'

It’s no secret the national debt is on an unsustainable path.

Al Jazeera

The US has $36 trillion in debt. What does that mean, and who owns it?

The US has the highest national debt in the world, a quarter of which is owned by other countries.

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