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The Latest Breaking News from Deficit

Federal Budget Deficit Forecast Jumps $400 Billion, Fueled by Student Debt Forgiveness

The Congressional Budget Office reports the 2024 budget deficit will near $2 trillion.

Reason

NY Cocoa Closes Lower on Chocolate Demand Concerns

July ICE NY cocoa (CCN24 ) on Friday closed down -603 (-6.28%), and July ICE London cocoa #7 (CAN24 ) closed up +96 (+1.17%). Cocoa prices Friday settled mixed, with NY cocoa falling to a 3-week low. Demand concerns are a negative factor for cocoa prices. On Wednesday, chocolate producer...

Barchart

NY Cocoa Retreats as Chocolate Demand is Projected to Weaken

July ICE NY cocoa (CCN24 ) today is down -705 (-7.35%), and July ICE London cocoa #7 (CAN24 ) is up +115 (+1.40%). Cocoa prices today are mixed, with NY cocoa falling to a 3-week low. Demand concerns are a negative factor for cocoa prices. On Wednesday, chocolate producer Nestle...

Barchart

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French political camps draw battle lines over economic policies

As France heads for snap elections, political parties' economic policies are under extra scrutiny after the European Commission this week rebuked the country over its failure to keep its budget deficit within EU limits.

Radio France Internationale

Whoever wins the French elections must beware of the markets

France’s economy minister name-checked Liz Truss as he sought to warn voters of the risks of voting for RN

The Guardian - UK

AZ AG and gov. feud over opioid funds

Kris Mayes (D-AZ) fought to freeze a transfer of $115m in opioid settlement funds from being used for deficit

Salon

Cocoa Prices Close Sharply Lower on Demand Concerns

July ICE NY cocoa (CCN24 ) on Thursday closed down -340 (-3.42%), and July ICE London cocoa #7 (CAN24 ) closed down -301 (-3.53%). Cocoa prices closed sharply lower on Thursday due to demand concerns. Chocolate producer Nestle SA said Wednesday that consumers will cut back on chocolate purchases as...

Barchart

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Cocoa Prices Retreat on Demand Concerns

July ICE NY cocoa (CCN24 ) today is down -340 (-3.42%), and July ICE London cocoa #7 (CAN24 ) is down -301 (-3.53%). Cocoa prices today are sharply lower on demand concerns. Chocolate producer Nestle SA said Wednesday that consumers will cut back on chocolate purchases as the recent historic...

Barchart

Magazine: Le Mans 24 Hours review and a legend celebrates its birthday

Ferrari’s dramatic victory against Toyota and Porsche at the Le Mans 24 Hours takes the limelight in this week’s Autosport magazine, out today (20 June).The 92nd running of the Le Mans 24 Hours had four manufacturers in contention, changeable conditions that threw the advantage from one team to another, and…

Autosport

Fiscal Year 2024 Federal Budget Deficit Surges To $1.9 Trillion, CBO Projects

This adjustment represents a 27% rise in the deficit forecast, attributed to factors such as increased Medicaid spending, the fallout from the 2023 banking crises, and the passage of a $95 billion aid package for Ukraine, Israel, and the Indo-Pacific region in April.

International Business Times

Trump Said Tariffs Would Reduce the Trade Deficit. Instead, It Grew.

In 2017, the last full year before Trump's tariffs were imposed, America's overall trade deficit was $517 billion. By 2023, it had grown to $785 billion.

Reason

European Commission warns France over fiscal rules as election looms

Decision to launch ‘excessive deficit procedure’ sets up collision course with post-election government

The Guardian - UK

EU Criticizes France For Excessive Debt Amid Election Campaign

EU criticizes France and six other states for excessive debt, urging adherence to fiscal guidelines. France's deficit at 5.5% raises concerns about financi...

Top News

Federal Budget Deficit To Reach Federal Budget Deficit To Reach Top News.9 Trillion This Year.9 Trillion This Year

CBO projects Federal Budget Deficit To Reach Top News.9 Trillion This Year.9 trillion deficit in 2024, trillion debt by 2034, highlighting fiscal challenges and need for solutions.

Roll Call

CBO: Deficits and inflation higher, but so is economic growth - Roll Call

The fiscal situation has worsened, with spending higher than expected and revenue lower, the Congressional Budget Office said.

Barchart

Cocoa Prices Settle Higher on a Decline in Ivory Coast Cocoa Output

July ICE NY cocoa (CCN24 ) on Tuesday closed up +279 (+2.89%), and July ICE London cocoa #7 (CAN24 ) closed up +65 (+0.77%). Cocoa prices on Tuesday settled moderately higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data Tuesday...

The Independent UK

Congressional Budget Office projects a $400 billion increase in this year’s federal deficit

The Congressional Budget Office said Tuesday that it projects a federal budget deficit increase of $400 billion or 27% this year, from its last budget outlook released in February

Barchart

Cocoa Prices Move Higher on Reduced Cocoa Output in the Ivory Coast

July ICE NY cocoa (CCN24 ) today is up +274 (+2.84%), and July ICE London cocoa #7 (CAN24 ) is up +59 (+0.70%). Cocoa prices today are moving higher. Lower cocoa production in the Ivory Coast, the world's largest producer, is a bullish price factor. Government data today showed that...

AAP

NSW in battle to wrangle ballooning debt after GST hit

A series of predicted budget surpluses have turned into deficits for NSW, pushing debt to a projected figure of nearly $200 billion within a few years.

Barchart

Cocoa Finishes Sharply Lower on Demand Concerns and Ghana Production Optimism

July ICE NY cocoa (CCN24 ) on Monday closed down -635 (-6.17%), and July ICE London cocoa #7 (CAN24 ) closed down -418 (-4.73%). Cocoa prices on Monday fell sharply for a second session. Cocoa is under pressure because of concerns that Q2 global cocoa demand reports being released early...

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