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The Latest Breaking News from Deficit

Why Biden's Claim of Cutting the Deficit Is False, in a Single Chart

...and why government spending is like an infestation of cicadas.

Reason

Wolff: Draggy Mercedes F1 "parachute" causing one-second Baku deficit

Mercedes Formula 1 team principal Toto Wolff says the team's lack of top speed in Baku is the result of a draggy 'parachute' of a car coupled with a return of its bouncing issues.

Autosport

Pakistan to raise taxes on rich, ban some car buying to secure IMF bailout

Pakistan Finance Minister Miftah Ismail said on Friday the government would raise taxes on the rich and ban government officials from buying new cars, amid pressure to control the fiscal deficit and secure International Monetary Fund (IMF) bailout money.

Reuters

From analysis to the latest developments in health,
read the most diverse news in one place.

Climate change: Are reports of our doom making matters worse?

Even the most casual observer of current events has to admit there is much to be gloomy about. From public health (monkeypox and COVID-19 variants) to mass shootings (Buffalo, New York, and Uvalde, Texas, among others) to the inability of opinion leaders to agree on basic facts (see the events…

Tribune News Service

Fitch upgrades India outlook to stable from negative

Pares 2022-23 growth to 7.8%, expects inflation to average 6.9%

The Hindu

How to watch the 42nd Curtis Cup at Merion; Friday four-ball lineups

Last year, Team USA rallied back from an early deficit to defeat Great Britain and Ireland, 12½-7½.

USA Today Sports Media Group

Current account deficit likely to hit three-year high at $43.8 billion in FY22

Exports could face significant headwinds from rising uncertainty and volatility in the global economy primarily because of the spike in commodity prices, especially crude oil after Russia invaded Ukraine

The Hindu

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Wirral Council praised after damning report but £14m deficit looms

The authority was heavily criticised in two government reports last year

Liverpool Echo

Biden Says the Deficit Is Falling. Actually, It's Rising.

Under Biden, Trump, and Obama, government federal spending almost doubled.

Reason

US trade deficit narrows most on record on muted China imports

The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.

Tribune News Service

Economic Data Scheduled For Tuesday

International trade report for April will be released at 8:30 a.m. ET. Analysts expect a deficit of $92.0 billion for total goods and services trade in April, compared with a $109.8 billion deficit in the previous month. The Treasury is set to auction 3-year notes at 1:00 p.m. ET.

Benzinga

Monsoon progress slows down in Maharashtra, season's rain deficit at 38%

PUNE: The monsoon flow has weakened over the Arabian Sea, stalling its advance over parts of India by almost six days now, a top Met department official from Delhi told TOI on Monday. With the monsoon weakening, the countrywide rainfall deficit for the season has hit 38%, IMD data showed.

The Times of India

Katy Gallagher says the government has inherited the worst set of budget books in history. Is that correct?

Finance Minister Katy Gallagher says the incoming Labor government has inherited the worst set of budget books in history. Is that correct? RMIT ABC Fact Check investigates.

ABC News

Kalle Samooja claims European Open after overturning seven-shot deficit

Samooja fired eight birdies, including three in the last four holes.

The Independent UK

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The Independent UK

McCormick concedes to Oz in Pennsylvania GOP Senate primary

Former hedge fund CEO David McCormick is conceding the Republican primary in Pennsylvania for U.S. Senate to celebrity heart surgeon Dr. Mehmet Oz. McCormick ended his campaign Friday night as he acknowledged an ongoing statewide recount wouldn’t give him enough votes to make up the deficit

The Independent UK

McCormick concedes to Oz in Pennsylvania GOP Senate primary

AAP

Qld govt eyes budget deficit under $1.7b

Queensland can expect a budget deficit under $1.7 billion in 2022/23, but there will be two more years in the red before the books are back in black.

The Times of India

Exports up 15.46% to $37.3 billion in May; trade deficit widens to $23.33 billion

NEW DELHI: India's merchandise exports rose by 15.46 per cent to $37.29 billion in May on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, even as the trade deficit widened to $23.33 billion during the month, the commerce ministry said on Thursday.

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The Hindu

Jagan seeks Central funds to bridge revenue gap

Submits memorandum to Modi on revenue deficit, Polavaram project

Tribune News Service

Joe Starkey: Will Najee Harris win the race to a second contract?

PITTSBURGH — Najee Harris apparently showed up for OTAs as "Ninja" Harris, focused and toned, with thighs the size of the national deficit.

Dublin Live

TikTok foodie shows how to order a Domino's pizza on a calorie deficit

This is how you can order your favourite pizza without feeling the guilt of having a cheat meal

The Times of India

Deficit rain worry for Odisha

Bhubaneswar: Odisha is likely to experience below-normal rainfall during monsoon this year, the India Meteorological Department (IMD) said in its long-range forecast released on Tuesday, a news that has come as worry for farmers as it could affect sowing of seeds.

The Hindu

Morning Digest | Fresh wave of fear hits Kashmir; Fewest Civil Service recruits this year since 2012, and more

A select list of stories to read before you start your day

Bangkok Post

Current account deficit soars in April, exports rise 6.6% y-o-y

Thailand recorded a current account deficit of $3.4 billion in April after a surplus of $1.2 billion in the previous month, the central bank said on Tuesday.

The Conversation

Ghana's debt: the pros and cons of borrowing abroad versus at home

A government which decides to borrow – either because it has programmed a budget deficit or needs to refinance maturing debts – faces two, non-mutually exclusive possibilities: borrow domestically in the local currency or borrow externally in a foreign currency.

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