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The Latest Breaking News from Deficit

'Surprise' budget windfalls drying up, economists warn

Australia's budget fortunes are shifting, with Deloitte Access Economics predicting a deeper deficit than predicted in the May budget.

AAP

Deloitte predicts December budget update will show bottom line has worsened since May, in fiscal ‘thud’

Next month’s update of the federal budget will forecast a bigger deficit for 2024-25 than was predicted in the May budget, according to the Deloitte Access Economics’ Budget Monitor, released on Tuesday.

The Conversation

Bendigo stay unbeaten in WNBL after big comeback

Bendigo have rallied from a 19-point deficit to stretch their unbeaten start to the WNBL season to six games with a 79-71 win over Southside Flyers in Ballarat.

AAP

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read the most diverse news in one place.

Scott Bessent: Trump's Treasury Pick With Diverse Background

Scott Bessent, Trump's treasury secretary pick, advocates for deficit reduction, tax cuts, and tariffs as sanctions.

Top News

Japan records trade deficit for the fourth month straight despite export recovery

Japan racked up a trade deficit in October for the fourth month in a row, as a weak yen and the rising price of energy kept import costs high

The Independent UK

Greenwich school earmarked for closure due to plummeting pupil numbers and £1.2m deficit

A primary school in Greenwich has been earmarked for closure following plummeting pupil numbers.

Evening Standard

DOGE's Chances Are Slim, but It Might Be Our Only Hope

Congress and the president show no interest in cutting government. Maybe outsiders can get it done.

Reason

Three-quarters of higher education providers ‘could be in deficit by 2025-26’

The Office for Students said up to 72% of providers could fall below the line by 2025-26 based on current trends.

Evening Standard

US October Deficit Swells 287% To $257 Billion

According to a report by the Treasury Department on Wednesday, the figure was a sharp increase of 287% from October 2023's $67 billion deficit.

Latin Times

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International Business Times

US October Budget Deficit Swells 287% To $257 Billion

The budget deficit of the U.S. government in October 2023 was $67 billion.

Reason

Trump's First Term Wasn't Fiscally Responsible. Will His Second Be Different?

Even before the pandemic spending increase, the budget deficit was approaching $1 trillion. The GOP has the chance to embrace fiscal sanity this time if they can find the political will.

The National (Scotland)

Staff at Scottish university told job losses 'inevitable' amid £30m budget deficit

DUNDEE University staff have been warned of “inevitable” job losses as the educational institution faces a financial budget deficit of £30…

The Conversation

Practising culture on Country can improve Aboriginal people’s health and wellbeing

Despite decades of policy interventions, the health of Aboriginal and Torres Strait Islander peoples is declining against defined targets. And yet, health and wellbeing continue to be measured against deficit-focused “gaps” between Aboriginal and non-Aboriginal Australians in health research and policy.

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Top News

Trump's Economic Policies: Impact On Prices And Inflation

Explore the potential economic impacts of President-elect Trump's proposed policies on inflation, economic growth, and the federal budget deficit.

International Business Times

Trump's Win Drives Up Bond Yields To Highest In Months On Deficit Fears

The president-elect's campaign promises of tariffs and tax cuts are expected to drive up the debt and stoke inflation

Fortune

As Germany lurches from crisis to crisis, analysts fear ‘tariff man’ Trump could be 2025's disaster

During his first term as president, Trump reportedly called Germans “very bad” for selling America millions of cars that widened its trade deficit.

Motorsport

How costly have sprint mistakes been in Bagnaia’s MotoGP title bid?

Francesco Bagnaia’s hopes of retaining the MotoGP title are hanging by a thread. The factory Ducati rider is facing a 24-point deficit to Pramac rival Jorge Martin heading into the final round of the season in Barcelona next week.

Autosport

How costly have sprint mistakes been in Bagnaia’s MotoGP title bid

Barchart

Dollar Weakens Ahead of US Election Results

The dollar index (DXY00 ) on Tuesday fell by -0.43% and posted a 2-1/2 week low. Long liquidation weighed on the dollar ahead of the results of Tuesday’s US presidential election, which is too close to call. Also, Tuesday’s US Sep trade deficit was wider than expected, a negative factor...

Barchart

Dollar Falls on Long Liquidation Ahead of Today’s US Election Results

The dollar index (DXY00 ) is down by -0.28% and modestly above Monday’s 2-week low. Long liquidation is weighing on the dollar ahead of the results of today’s US presidential election, which is too close to call. Also, today’s US Sep trade deficit was wider than expected, a negative factor...

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