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The Latest Breaking News from Deficit

Biden budget offers up election-year contrast with GOP foes - Roll Call

HIs fiscal 2025 blueprint focuses on health care and housing costs, child care funding, college aid and expanded paid leave for workers.

Roll Call

President Biden To Unveil Budget Plans Focused On Middle Class

President Biden's budget proposal focuses on middle-class benefits, tax increases, and deficit reduction to connect with voters in an election year.

Top News

Rishi Sunak and his desperate party needed the budget to be a gamechanger. It wasn’t

Whatever the Conservatives try, their huge deficit in the opinion polls isn’t shrinking

The Guardian - UK

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2nd Test: Tom Latham leads New Zealand fightback against Australia

NEW DELHI: Opening batsman Tom Latham of New Zealand made a timely comeback to form, bringing the Black Caps back into the second Test match against Australia on Saturday. They overcame a 94-run deficit to lead by 40 at the end of play.

The Times of India

President Biden's Economic Successes And Campaign Strategy

President Biden's campaign event in Pennsylvania focused on affordable housing, deficit reduction, and economic policies, outlining his vision for the future.

Top News

Transportation Secretary Addresses Economy And Airline Safety Concerns

Transportation Secretary Pete Buttigieg discusses economy, inflation, deficit reduction, and aviation safety in a recent interview.

Top News

Fact-checking Biden’s State of the Union - Roll Call

Biden’s speech included misleading claims on inflation, crime, clean energy investments, wages, FactCheck.org reports.

Roll Call

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Damning report exposing £17billion UK defence deficit paves way for radical overhaul

Public Accounts Committee reveals a £16.9 billion deficit in equipment plans at the Ministry of Defence

Evening Standard

Biden Says He'll Make the Wealthy Pay More To Fix Social Security. Here's Why That Won't Work.

Raising the payroll tax cap could generate up to $1 trillion over 10 years, but Social Security faces a $2.8 trillion deficit.

Reason

President Biden Proposes Taxing Wealthiest Americans To Fund Initiatives

President Biden proposes tax increases on the wealthiest to address deficit and support federal programs for a fairer tax system.

Top News

A Bipartisan Tax Hike Won't Fix This Deficit

The government needs to cut back on spending—and on the promises to special interests that fuel the spending.

Reason

S&P 500 and Nasdaq 100 Post Record Highs on Dovish Powell Comment

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +1.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.34%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.56%. Stock indexes on Thursday posted moderate gains with the S&P 500 and Nasdaq 100...

Barchart

Dollar Falls to a 6-Week Low on Dovish Powell Comment

The dollar index (DXY00 ) on Thursday fell by -0.52% and posted a 6-week low. The dollar was undercut after Fed Chair Powell said that the Fed is “not far” from the confidence needed to cut rates. The dollar was also undercut by Thursday’s weak productivity and trade deficit reports....

Barchart

S&P 500 Rallies to a Record High on Powell Comments

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.98%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.30%. Stock indexes this morning are sharply higher, with the S&P 500 posting a...

Barchart

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Barchart

Dollar Drops on Dovish U.S. Economic Reports

The dollar index (DXY00 ) this morning is down by -0.25% and posted a 1-month low. The dollar extended Wednesday’s losses on today’s Fed-friendly productivity and trade deficit reports. Also, strength in the yen weighed on the dollar as the yen today climbed to a 1-month high against the dollar....

Barchart

Stocks Climb on Lower U.S. and European Bond Yields

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.46%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.61%. Stock indexes this morning are seeing support from a decline in the 10-year...

Top News

US Trade Deficit Grows In January Due To Increased Imports

US trade deficit widens in January as imports surge, highlighting challenges for the economy and the need for policy action.

The Canberra Times

ACT govt urged to be more up front about $1 billion deficit

The opposition says the govt is hiding the 'true size' of its deficit.

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Top News

Orlando Magic Overcome 21-Point Deficit To Beat Washington

Orlando Magic's impressive comeback victory halts Washington Wizards' losing streak. Franz Wagner and Paolo Banchero lead the charge in a thrilling NBA mat...

Barchart

Cocoa Prices Mixed as British Pound Strength Weighs on London Cocoa

May ICE NY cocoa (CCK24 ) on Wednesday closed up +99 (+1.53%), and May ICE London cocoa #7 (CAK24 ) closed down -13 (-0.24%). Cocoa prices on Wednesday settled mixed. Cocoa prices are underpinned by concern that large cocoa deficits could force West African cocoa suppliers to default on their...

The Guardian - UK

A Greater Lancastria could help to solve the democratic deficit in city-region governance

Letter: Issues of democratic deficit, area and identity need to be resolved for the region to thrive, says Prof Paul Salveson

Barchart

Cocoa Prices Mixed as Supply Concerns Boost NY Cocoa

May ICE NY cocoa (CCK24 ) this morning is up +74 (+1.15%), and May ICE London cocoa #7 (CAK24 ) is down -12 (-0.22%). Cocoa prices this morning are mixed. Cocoa prices are underpinned by concern that large cocoa deficits could force West African cocoa suppliers to default on their...

Barchart

With Copper Prices Under Pressure, What's the 2024 Forecast for FCX Stock?

Freeport stock is in the red this year, as metal and mining names have sat out the broader market rally so far in 2024. What's the outlook for FCX stock this year as copper prices sag amid ongoing troubles in China's real estate sector?

The Hindu

Interview | T.N. Finance Minister Thangam Thennarasu discusses the State Budget for 2024-25

Tamil Nadu Finance Minister Thangam Thennarasu, who presented the State Budget for 2024-25, says the Budget catered to aspirations of every segment, sector and region of Tamil Nadu

Barchart

Projections of Wider Global Sugar Deficits Sparks Short-Covering in Sugar

May NY world sugar #11 (SBK24 ) on Tuesday closed up +0.27 (+1.31%), and May London ICE white sugar #5 (SWK24 ) closed up +1.30 (+0.22%). Sugar prices on Tuesday recovered from 2-month lows and posted moderate gains. Short-covering emerged in sugar futures Tuesday after BP Bunge Bioenergia projected that...

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