Latest in Ballooning Budget Deficit
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France's budget battle: Why the government's plan to plug the deficit is sparking an outcry
France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficitWorld - ABC News - October 15 -
U.S. budget deficit in fiscal 2024 swells to third-highest level on record
The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.Business - MarketWatch - October 19 -
Deficits, Donald Trump and the dollar
How fiscal excess strengthens the currencyWorld - Financial Times - October 30 -
Trash carried by a North Korean balloon again falls on the presidential compound in Seoul
South Korea says trash carried by a North Korean balloon has fallen on the presidential compound in central SeoulWorld - ABC News - October 24 -
Stratospheric, AI-enabled robotic cameras on balloons could help you get your insurance claim check faster
Near Space Labs, a Brooklyn, New York-based startup, invented stratospheric, AI-enabled robotic cameras that fly on weather balloons.Business - CNBC - October 22 -
South Korea says trash carried by a North Korean balloon has fallen on the presidential compound in Seoul
South Korea says trash carried by a North Korean balloon has fallen on the presidential compound in SeoulWorld - ABC News - October 23 -
North Korea trash balloon lands in South Korea president's compound, security says
A North Korean "trash balloon" landed inside the South Korean presidential compound in the capital Seoul on Thursday amid rising tensions between the two neighbors.Top stories - ABC News - October 24 -
Queen's University to cut jobs as it faces £11m deficit
The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.Top stories - BBC News - October 25 -
America’s trade deficit isn’t about Trump or Biden — it’s about the WTO
The World Trade Organization has become an obstacle to improving the U.S. trade balance, as it grants "developing country" status to nations like China, allowing them to receive trade concessions, ...Politics - The Hill - October 14 -
Malaysia to revamp gasoline subsidies and raise taxes in a bid to narrow deficit
Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country's fiscal deficitWorld - ABC News - October 18 -
English councils forecast £9.3bn deficit in three years, analysis shows
Bennett Institute research underlines scale of strains social care placing on local government financingBusiness - Financial Times - October 25 -
‘Trump Trade’ of Large Tariffs and Deficits Looms as Market Braces for 2024 Election
As investors have focused on the potential fiscal and economic impact of the Republican candidate’s proposals, yields on Treasury debt have risen.Business - The New York Times - October 25 -
Dodgers overcome five-run deficit to win World Series
It's the eighth World Series title in franchise history for the Boys in Blue, and their second in five years.Top stories - CBS News - October 31 -
What will happen to the U.S. dollar, deficit and debt under Trump? Watch gold.
Gold’s performance may offer hints on what will happen to the U.S. dollar, and how the U.S. deficit and debt story will play out, as incoming U.S. President Donald Trump takes office, analysts say.Business - MarketWatch - Yesterday -
Reeves’s invidious choices in the Budget
As the FT’s chancellor game shows, the new ‘golden rule’ is her binding constraint. Meeting it could bolster fiscal credibilityWorld - Financial Times - October 16 -
Three tests for Britain’s Budget
Reeves must stabilise the economy, and pave the way for higher growthBusiness - Financial Times - October 27 -
How are investors preparing for the Budget?
Executives are seeking to minimise their exposure ahead of what could be the biggest tax-raising statement for a generationBusiness - Financial Times - October 29 -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - October 30 -
Claer Barrett’s Budget debrief
The FT’s consumer guru offers her round-up of the eight best Budget stories to help you make sense of it allWorld - Financial Times - October 31 -
The Budget: NHS, Wages and Farms
How are these areas impacted by the Budget?Top stories - BBC News - October 31 -
Analysis: A Budget for the history books
Nick digs deeper into the Budget following his interview with Rachel Reeves.Top stories - BBC News - October 31 -
Economists expect higher inflation, deficits, interest rates under Trump than Harris: Poll
Economists expect higher inflation, national deficits and interest rates under former President Trump’s proposed agenda than under policies proposed by Vice President Harris, a new survey by The ...Politics - The Hill - October 14 -
Yankees chase Guardians ace Tanner Bibee early, secure 6-3 win for 2-0 ALCS series lead
The series shifts to Cleveland with the Guardians in desperate need of a victory.Sports - Yahoo Sports - October 15 -
Republican Sam Brown swings away in Nevada Senate debate amid polling deficit
GOP candidate Sam Brown spent Thursday’s Nevada Senate debate taking shots at Democratic Sen. Jacky Rosen, as he still faces a polling deficit with Election Day creeping nearer.Top stories - NBC News - October 18 -
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Business - CNBC - October 18 -
Worries about deficit spending after election bog down U.S. government debt
With about two weeks left before the Nov. 5 election, Treasury yields extending their climb from September’s lows on Monday — spurred in part by growing concern about the path of the U.S. deficit ...Business - MarketWatch - October 21 -
10-, 30-year Treasury yields end at highest since July as deficit worries grow
Monday’s selloff in U.S. government debt pushed long-dated yields to their highest levels in almost three months amid growing concern about the potential for rising deficit spending after the Nov. ...Business - MarketWatch - October 21 -
10-year Treasury yield ends at roughly 3-month high as U.S. deficit concerns linger
Long-dated Treasury yields finished at their highest levels since late July again on Tuesday, as U.S. deficit concerns weighed on investors and traders.Business - MarketWatch - October 22 -
Treasury yields rising on potential ‘red wave’ election result that pushes up deficit
Billionaires are betting against U.S. government bonds. But yields are climbing on good news about the economy, too.Business - MarketWatch - October 23 -
'Higher prices, larger deficits': 23 Nobel Prize-winning economists slam Trump agenda, endorse Harris
Experts estimate that Donald Trump's budget plan would expand federal deficits by five times more than Vice President Kamala Harris' proposals.Business - CNBC - October 23 -
Treasury market under Trump at risk from inflation, not larger fiscal deficit, says analyst
The danger to the Treasury market from a second Donald Trump presidency comes not from a sharp increase in bond issuance but revived price pressuresBusiness - MarketWatch - October 25 -
Dominant Anthony Davis helps Lakers wipe out 22-point deficit to defeat Suns
Anthony Davis again dominated inside for 36 points, Austin Reaves makes five of seven from deep to score 26, and LeBron James had 21 points and eight assists in the Lakers' 123-116 win.Sports - Yahoo Sports - October 26 -
2024 World Series: Four things the Yankees need to do to come back from 2-0 deficit to Dodgers
The Fall Classic heads to New York for Game 3 MondaySports - CBS Sports - October 27 -
Trade deficit in goods surges to 2 1/2 year high and to whittle down U.S. GDP
The U.S. trade deficit in goods jumped 15% in September to 2 1/2-year high, a much larger increase than expected that could shave some growth off gross domestic product in the third quarter.Business - MarketWatch - October 29
