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The Latest Breaking News from Deficit

Fact check: Did US go from ice cream trade surplus to deficit under Biden?

Trump administration says increased imports from Italy under former President Joe Biden changed the ice cream game.

Al Jazeera

Ray Dalio Warns Of 'Economic Heart Attack' In Absence Of Deficit Reduction, Suggests Enacting 1991-1998 Fiscal Discipline

Billionaire Ray Dalio has issued his starkest warning to date regarding the U.S. national debt, comparing the escalating crisis to an impending “economic heart attack.”

Benzinga

Ray Dalio issues his most dire warning to America yet: The ballooning $37 trillion debt will trigger an ‘economic heart attack’

The hedge fund billionaire is talking about the nearly $37 trillion national debt—again.

Fortune

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read the most diverse news in one place.

Fact check: Could Trump’s trade tariffs pay off the US deficit?

Commerce Secretary Howard Lutnick says tariffs will plug US finances, but experts say it’s unlikely.

Al Jazeera

EU press for more balanced relationship at scaled-back EU-China summit in Beijing

European leaders demanded a more balanced relationship with China at a summit with President Xi Jinping in the Chinese capital on Thursday, as the bloc runs a massive trade deficit with the Asian giant of around €300 billion.

Euronews

The 25 Best NFL Games of the Past 25 Years

From legendary comebacks to shootouts and Super Bowls, a look at the games we still can’t stop talking about.

Sports Illustrated

Bitcoin Surges, Ethereum Nears $4000 As Treasury Yields Pop, Dollar Weakens — 'Deficit Spending Crisis Is Much Worse Than You Think' (edited)

Capital markets commentator The Kobeissi Letter hinted at a global shift away from fiat currencies, as cryptocurrencies surged alongside a weakening U.S. dollar

Benzinga

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Democrats confront appropriations trust deficit with White House - Roll Call

Democrats say they face a test of faith on whether to trust a bipartisan appropriations process for the next fiscal year.

Roll Call

How A $250 Provision In Trump's 'Big, Beautiful Bill' Could Help Cut the US Deficit By Billions

In the recently passed “Big, Beautiful Bill,” visitors to the United States will now be required to pay a new visa integrity fee, which has the potential to slash the U.S. Federal Deficit over a decade.

Benzinga

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

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

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Radio France Internationale

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.

Benzinga

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.

Fortune

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.

Evening Standard

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,…

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Cycling News

'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

The Conversation

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.

Benzinga

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.

Euronews

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.

The Independent UK

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 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.

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