Politics
Trump's tariffs spur government's improving deficit
The deficit has ticked down in the new fiscal year, and analysts said there's one obvious reason for the improvement: President Trump's…
Tag
Deficit
Politics
French PM Bayrou proposes slashing two public holidays to reduce national deficit
France's Prime Minister François Bayrou has outlined plans to cut €43.8 billion from the national budget, warning that debt presents a…
Business
Del Monte Pacific expects capital deficit from write-offs of US unit’s bankruptcy
Its equity investment in Del Monte Foods and receivables due from the unit are expected to be subject to impairment Del Monte Pacific…
Politics
U.S. trade deficit dropped by record amount in April, Commerce Dept. says
The U.S. trade deficit saw a dramatic decrease in April as companies adjusted to President Trump's ever-changing tariff policy, according…
Politics
White House pushes back on CBO estimate that Trump bill could add $2.4T to deficit
Office of Management and Budget Director Russell Vought on Wednesday pushed back on new analysis by the nonpartisan Congressional Budget…
Politics
Trump’s Big Beautiful Bill Adds Trillions to the Deficit, CBO Says
The Navy documents also list other ships that are being considered for renaming. They include USNS Thurgood Marshall, USNS Ruth Bader…
Politics
Trump's big bill will cut taxes by $3.7T and add $2.4T to deficit, budget office says
President Trump's big bill making its way through Congress will cut taxes by $3.7 trillion but also increase deficits by $2.4 trillion…
Politics
Trump Officials Blocked Key Portion of Report Exposing Growing Deficit
The Navy documents also list other ships that are being considered for renaming. They include USNS Thurgood Marshall, USNS Ruth Bader…
Politics
Asia: Equities track Wall Street sell-off as US deficit fears grow
Asian equities sank and Treasuries remained under pressure following sharp losses on Wall Street fuelled by US economy fears as Donald…
Business
US: Stocks tumble as bond yields spike amid deficit worries
WALL Street stocks slid on Wednesday as US Treasury yields surged amid investor unease over President Donald Trump’s giant tax cut…
Politics
China Ran Record Budget Deficit With Spending Blitz Amid Tariffs
(Bloomberg) -- China’s fiscal stimulus pushed its four-month budget deficit to a record high, as the government ramped up support for the…
Business
Saudi Arabia reports first-quarter deficit of US$15.65 billion
Declining oil prices and voluntary production cuts have weighed on Saudi revenue in recent years Saudi Arabia’s deficit widened…
Politics
‘Totally Silly.’ Trump’s Focus on Trade Deficit Bewilders Economists.
Behind President Trump’s decision to hit some of America’s largest trading partners with stiff tariffs is his fixation on the trade…
Politics
Note to the White House: The U.S. Trade Deficit Is Homegrown
If President Trump were truly interested in eliminating the trade deficit, he could easily do so by balancing the federal government’s…
Business
U.S. Trade Deficit Hit Record in 2024 as Imports Surged
The U.S. trade deficit in goods hit a record last year, as American consumers snapped up imported products and a strong U.S. dollar…
Politics
France's budget battle: Why the government's plan to plug the deficit is sparking an outcry
PARIS (AP) — France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts…
News
New French PM confirms tax rises for major companies to plug deficit
France’s new Prime Minister Michel Barnier has proposed €60b ($66b) worth of spending cuts and tax hikes to help shrink the country’s…
News
Sheinbaum Sees Mexico Deficit Possibly Wider Than Forecast
(Bloomberg) -- Mexico’s deficit in 2025 could reach as much as 3.5% of gross domestic product, the nation’s president-elect said, an…