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The Latest Breaking News from Deficit

National debt explained: What you should know about Canada’s deficit

By the end of the 2024-25 fiscal year, Canada’s total market debt is expected to surpass $1.4 trillion. Every day, this debt grows by more than $100 million, and every second, Canada pays more than $1,200 in interest.

The Conversation

Dollar Drops as Weak US Economic News Fuels Fed Rate Cut Expectations

The dollar index (DXY00 ) Wednesday fell by -0.48%. The dollar retreated Wednesday after the US July trade deficit widened by the most in 2 years. Lower T-note yields Wednesday also weighed on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings fell more than...

Barchart

Dollar Retreats on Wide US Trade Deficit and Dovish Job Openings Report

The dollar index (DXY00 ) today is down by -0.41%. The dollar is retreating today after the US July trade deficit widened by the most in 2 years. Lower T-note yields today are also weighing on the dollar. Losses in the dollar accelerated after the US July JOLTS job openings...

Barchart

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US Trade Deficit Widest In Two Years On Imports Surge

The US trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

International Business Times

Health minister defends 'urgent' $422m hospital funding

Documents show Victorian hospitals came close to being unable to pay staff, prompting the health minister to seek support for an urgent $422 million payment.

AAP

French finance ministry warns budget deficit higher than expected

France’s deficit could be much higher than expected if more cuts are not made, the finance ministry warned lawmakers, pointing to a shortfall in tax revenue and an increase in local spending.

Radio France Internationale

New batch of councillors need to make smarter decisions to tackle huge debt

The council is managing a multi-million-dollar deficit.

Newcastle Herald

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Power feels team orders needed to overcome Palou for IndyCar title

Will Power has conceded he will likely need help from his Team Penske team-mates in order to overcome the points deficit to IndyCar Series leader Alex Palou and take a third title.

Autosport

Power believes oval skills can help close title points gap in Milwaukee

If Will Power is going to win a third IndyCar Series championship, it’ll have to happen by overcoming a massive points deficit.

Motorsport

Democrats target Trump in Michigan and Wisconsin with billboard highlighting Project 2025 tax hikes

EXCLUSIVE: Democrats in Michigan and Wisconsin have erected billboards highlighting Trump’s potential cost to Americans in a second term ahead of visits by the ex-president

The Independent UK

Idaho Child Care Program Faces $16 Million Deficit as Bureaucrats Overextend Benefits

As conservatives push for cuts, lasting reform will require closing accountability gaps and restructuring entitlements.

Reason

Trump's Proposals Would Add $5.8 Trillion to the Deficit

Vice President Kamala Harris would add about $2 trillion to the deficit.

Reason

Trump's Policies Could Add $5.8T To Deficit, Nearly 5X More Than Harris' Plan: Penn Wharton Study

Harris's plan, which includes expanding the Child Tax Credit, and Earned Income Tax Credit, is expected to raise deficits by $2.1 trillion over the next decade.

International Business Times

5 hours 35 minutes! Daniel Evans out-lasts Karen Khachanov in longest ever US Open match

In a historic match at the US Open on Tuesday, Britain's Daniel Evans achieved a remarkable comeback to defeat Russia's Karen Khachanov. Evans, ranked 28th in the world, overcame a 0-4 deficit in the final set to win in five hours and 35 minutes—the longest match in US Open history.

The Times of India

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The Independent UK

Braverman claims Starmer is paving the way for ‘draconian’ tax rises with upcoming speech

On Tuesday, the prime minister is set to warn the British public that things will get worse before they get better

Woman & Home

The only exercise I do is walking - is that enough? Doctors reveal all you need to know

Walking for at least 10 minutes a day has benefits for the mind and body - but is walking enough exercise on it's own? We asked the experts to say once and for all

The Independent UK

Israel's economy is struggling. Economists say ending the war would help

Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country’s leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict

Motorsport

Leclerc: Ferrari’s deficit “too much” in poor Zandvoort qualifying

Charles Leclerc has declared his 0.909s gap to Lando Norris’s Formula 1 Dutch Grand Prix pole lap time for McLaren was “too much” for Ferrari.

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Motorsport

Russell: Gap to Dutch GP pole "all down to tyres"

George Russell thinks tyre overheating led to his half-second deficit to Dutch Grand Prix polesitter Lando Norris after being on the pace throughout Q1 and Q2.

The Canberra Times

Big job and course cut fears as University of Canberra deficit deepens

UC and ANU search for cuts as they struggle to control ballooning deficits.

The Independent UK

Asian handicap betting explainer

This form of handicap betting may seem confusing, but with just a bit of knowledge, its a comprehensible way to bet on previously unappealing markets

The National (Scotland)

Alba Party post deficit of £80k despite rise in membership

THE Alba Party have recorded a deficit of more than £80,000 despite a rise in members.

Top News

Asian Shares Decline Following Wall Street Slip

Asian shares decline, Japan reports trade deficit, focus on Powell's speech, and U.S. economy faces pressure from high interest rates.

The Independent UK

Japan records trade deficit as surging global prices pushes imports higher

Japan racked up a 621 billion yen, or $4.3 billion, trade deficit in July, as prices of imports surged

The Guardian - UK

Thames Water barred from billing customers for pension shortfall

Company faces scramble for funds after Ofwat says deficit is for managers and shareholders alone to deal with

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