The Latest Breaking News from Deficit

After two successive surpluses, the federal budget will be back in deficit in 2024–25, according to the much-anticipated budget update released on Wednesday.

The federal budget is headed for a deficit of $26.9 billion this financial year – $1.3 billion better than the estimate in May – but in the following three years the budget is forecast to be deeper in the red than earlier forecast.

Budget downgrade blamed on Australian economy being hit harder than anticipated by higher interest rates, cost of living pressures and global uncertainty

The last time Donald Trump was US president, he entered trade wars with China and Europe. But despite his bravado and tariffs, the US trade deficit did not improve.

Rep. Blake Moore leads the bipartisan DOGE Caucus to enhance government efficiency and reduce the federal deficit through innovative bipartisan efforts.

Federal treasurer also reveals mid-year budget update out this week will show bigger deficits than May papers

Iowa State's thrilling comeback win over Iowa, led by Curtis Jones and Joshua Jefferson. Stay updated with AP college basketball for more news and alerts.

McLaren believes that the reduction in wind tunnel time that it faces as a result of winning the Formula 1 constructors’ championship will not be as big a handicap as some think.

The Victorian government's $1.4 billion deficit in the mid-year budget update has forced it to dip its hand into taxpayers' pockets to fund critical services.

China's economic response to trade tensions with the US includes boosting budget deficit and promoting domestic consumption.

Children with attention deficit hyperactivity disorder (ADHD) do not have a behavioural disorder, nor are they lazy, or lacking in manners and boundaries. Their brains mature in a different way, with different patterns of neurological activity and a number of neurochemical differences. For this reason, ADHD is considered to be…