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The Latest Breaking News from Deficit

Income tax changes ruled out this budget but push for new review into revenue gathers steam

The Treasurer may have ruled out making changes to the stage 3 income tax cuts in his first budget, but there is a growing push for more comprehensive tax reform from experts and the parliamentary crossbench.

ABC News

Sam McDowell: Patrick Mahomes has mastered this art in the midst of some epic Chiefs comebacks

KANSAS CITY, Mo. — The deficit was 14, soon to be 17, and as Chiefs quarterback Patrick Mahomes shook his head and then jogged to the sideline, he thought of a strategy.

Tribune News Service

Exports rise 4.82% to $35.45 billion in September; trade deficit widens to $25.71 billion

NEW DELHI: The country's exports rose by 4.82 per cent to $35.45 billion in September, even as the trade deficit widened to $25.71 billion, according to the data released by the commerce ministry on Friday.

The Times of India

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Global warming puts Arabica coffee at risk, and we’re barrelling towards a crucial threshold

The livelihoods of millions of farmers depend on productive Arabica coffee. New research gives further impetus to urgently cut emissions.

The New Daily

Global warming puts Arabica coffee at risk, and we're barrelling towards a crucial threshold

Coffee may be a major casualty of a hotter planet. Even if currently declared commitments to reduce emissions are met, our new research suggests coffee production will still rapidly decline in countries accounting for 75% of the world’s Arabica coffee supply.

The Conversation

GP on the facts you need to know about viral TikTok weight loss injections - results don't come as easily as you might think

The injections must be used in combination with a calorie deficit diet and increased exercise if patients are to see results

Manchester Evening News

Zelenskiy says increased donor support will help end Russian war sooner

Ukrainian President Volodymyr Zelenskiy said on Wednesday that increased financial support from international donors will help end Russia's devastating war in Ukraine more quickly, citing the need for $38 billion to close next year's estimated budget deficit.

Reuters

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India's debt ratio projected to be 84% of its GDP: IMF

According to official data released last month, the Central Government's fiscal deficit touched 32.6% of the annual target in the current financial year till August as against 31.1% recorded a year ago

The Hindu

Egypt’s Trade Balance Deficit Drops 28.7% in July

Egypt’s trade deficit declined by 28.7% year-on-year (YoY) in July, according to data released on Tuesday by the Central Agency for Public Mobilization and Statistics (CAPMAS). The monthly bulletin revealed that the deficit value of trade balance reached $2.7 billion in July, down from $3.8 billion for the same month…

Asharq Al-Awsat

Celtics’ James Posey on Boston’s miracle comeback vs. the Los Angeles Lakers in Game 4 of the 2008 NBA Finals

A 35-14 deficit in the contest's first quarter soon became a 24-point chasm by the second half of the game, and the Celtics' hopes of taking a 3-1 series lead seemed out of the question.

USA Today Sports Media Group

Kansas City Chiefs overturn 17-point deficit to beat the Las Vegas Raiders

Despite giving up a late touchdown, the Chiefs were able to hold on for a thrilling win.

The Independent UK

Chiefs hold on for wild 30-29 victory over rival Raiders

Patrick Mahomes threw four touchdown passes to Travis Kelce, the Chiefs overcame an early 17-point deficit along with a dubious roughing-the-passer penalty, and Kansas City extended its mastery of the Las Vegas Raiders, holding on for a 30-29 victory

The Independent UK

Taxing times: What's on the table for tax cuts?

A record tax take, a better than expected deficit - could tax cuts be on the table going into next year's election?

Newsroom.co.nz

Mariners complete wild comeback, beat Blue Jays to advance to ALDS

TORONTO — How do you recover from an awful outing from your starting pitcher, a worse showing from one of your best relievers and a seven-run deficit with everything seemingly working against you and a sold-out crowd cheering against you like it’s Thunderdome?

Tribune News Service

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The Guardian - UK

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

The Hindu

World Bank has downgraded Indian economy but PM is still resorting to empty slogans, alleges Congress

Ms. Shrinate said rupee has hit a historic low.

Liverpool Echo

Government says it's open to talks as Wirral council struggles with growing deficit

"We are working with councils to understand the impact inflation will have on their budgets and stand ready to speak to any council that has concerns"

The Hindu

Finance Ministry releases ₹7,183 crore grant to 14 States

With the release of seventh instalment for the month of October, 2022, the total amount of Revenue Deficit Grants released to the States in current fiscal has gone up to ₹50,282.92 crore, an official statement said.

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The Independent UK

Ratings agency Fitch downgrades UK credit outlook to ‘negative’

Chancellor’s plan could lead to a ‘significant increase in fiscal deficits over the medium term’, ratings agency warms

Autosport

The 10 drivers gunning for DTM title glory at Hockenheim

The 2022 DTM season is set for a thrilling showdown this weekend, with 10 of the 27 drivers heading to Hockenheim in contention for the title. We rate their chances…

Reason

Here's Why Biden Is Wrong About the Deficit

His administration has expanded deficits by $400 billion more than expected, even before we count recent spending.

Roll Call

Concerns grow about lame-duck appetite to stop steep budget cuts - Roll Call

The 2010 pay-as-you-go law is poised to require $100 billion in spending cuts just after this year's holiday season.

The Independent UK

US starts fiscal year with record $31 trillion in debt

The nation’s gross national debt has surpassed $31 trillion, according to a U.S. Treasury report released Tuesday

The Hindu

With the rupee under pressure, what next

Even though a crisis is unlikely because of differences between the external situation then and now, India could still remain vulnerable on many counts

Liverpool Echo

MP demands government meeting as Wirral Council faces possible bankruptcy over deficit

"This is a crisis made in Westminster, not Wirral"

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