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The Latest Breaking News from Deficit

Trump Pushes Republicans To Back 'Big, Beautiful' Tax Bill

US President Donald Trump told rebel Republicans Tuesday to back his so-called "big, beautiful bill," despite criticism that its tax cuts will increase America's yawning budget deficit.

International Business Times

GOP Lawmaker Turns on Trump After Admin Denied Raising Deficit by Trillions: 'Now That's a Joke'

Thomas Massie (R-KY) blasted the Trump administration's claim that the GOP's proposed "big, beautiful bill" would be deficit-neutral, calling the idea "a joke".

Latin Times

Bearish Sentiment Weighs on the Dollar

The dollar index (DXY00 ) Tuesday fell to a 1-1/2 week low and finished down by -0.32%. The dollar remains under pressure after Moody's Ratings late last Friday downgraded the US government's credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the...

Barchart

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Dollar Remains Weak After US Credit Downgrade

The dollar index (DXY00 ) today slid to a 1-1/2 week low and is down by -0.15%. The dollar remains under pressure after Moody’s Ratings late last Friday downgraded the US government’s credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the...

Barchart

Will Moody's U.S. credit downgrade trigger 'flight to quality?'

It’s no secret the national debt is on an unsustainable path.

Fortune

The US has $36 trillion in debt. What does that mean, and who owns it?

The US has the highest national debt in the world, a quarter of which is owned by other countries.

Al Jazeera

Texas School Districts Slam the Senate’s School Finance Plan

“It’s like your house being on fire, and the fire department showing up with a 12 ounce cup of water”

Texas Observer

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Dollar Weakens on US Credit Downgrade

The dollar index (DXY00 ) Monday fell by -0.66% and posted a 1-week low. The dollar was under pressure Monday after Moody's Ratings late last Friday downgraded the US government's credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the dollar's status...

Barchart

Musk's AI Chatbot Challenges White House's Spending Bill Support Over Claim It 'Will Not Add to the Deficit': 'No Clear Evidence Supports This'

Elon Musk's AI chatbot Grok disputed claims from the White House that the GOP's "one big, beautiful bill" contained over a trillion dollars in savings.

Latin Times

Dollar Sinks and Gold Prices Jump as Moody’s Cuts US Debt Rating

The dollar index (DXY00 ) today is down by -0.71% and fell to a 1-week low. The dollar is under pressure today after Moody’s Ratings late last Friday downgraded the US government’s credit rating from Aaa to Aa1, citing a ballooning budget deficit and fiscal concerns. The downgrade puts the...

Barchart

Should You Buy Gold Now After Moody’s U.S. Credit Rating Downgrade?

Moody’s has downgraded its rating on U.S. sovereign debt by one notch, which has helped lift gold prices. The precious metal’s outlook appears bullish amid the current macro environment.

Barchart

Scottie Scheffler reveals he fell foul of driver rules before powering to PGA Championship triumph

Scheffler secured his third major at Quail Hollow but had to change a non-conforming driver like Rory McIlroy

The Independent UK

US credit rating downgrade could add to pressure on government debt

Loss of Moody’s triple-A rating comes amid concerns about fiscal trajectory and widening budget deficit

The Guardian - UK

‘Doesn’t help our voters’: Trump demands GOP back his ‘big beautiful bill’ to kick millions off Medicaid, warns of ‘suffering’

Trump believes immigration can solve every problem.

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Fortune

U.S. debt no longer earns a top grade at any of the major credit rating agencies after Moody's downgrade

"Successive US administrations and Congress have failed to agree on measures to reverse the trend of large annual fiscal deficits and growing interest costs."

Fortune

Will bond vigilantes kill Trump tax cuts?

The bill arriving in Congress could add an estimated $3.8 trillion to the federal deficit through 2034.

Motorsport

Max Verstappen fears Red Bull won't close McLaren gap anytime soon

Max Verstappen says it is unrealistic to expect Red Bull to close its race pace deficit with McLaren in the short term despite a range of upgrades coming to the 2025 Formula 1 car.

Autosport

Verstappen fears Red Bull won't close McLaren gap soon

Max Verstappen says it is unrealistic to expect Red Bull to close its race pace deficit with McLaren in the short-term despite a range of upgrades coming to the 2025 Formula 1 car.

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AAP

Opera Australia treads brutal Boulevard to a $10m loss

A production of the musical Sunset Boulevard helped drag Opera Australia's finances to an operating deficit of $10.6 million in 2024.

The Independent UK

Lando Norris not worried about championship standings despite early deficit

The Briton is 16 points adrift of McLaren team-mate Oscar Piastri after six races.

Reason

Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits

A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.

Latin Times

Newsom Proposes Pausing Health Access for Undocumented, Low-Income Immigrants Amid California's Billion-Dollar Budget Deficit

California Governor Gavin Newsom is proposing a freeze on new enrollment for low-income immigrants without legal status into the state's Medi-Cal program starting in 2026

The Independent UK

California governor announces $12 billion budget deficit

California Gov. Gavin Newsom says the state is staring down an $12 billion budget deficit

Latin Times

Trump Official Mocked for Insisting China 'Caused' the Pain Americans Felt From Tariffs: 'Must Think We're Fools'

U.S. Trade Rep. Jamieson Greer deflected blame for the Trump administration's tariff fallout onto China, prompting immediate pushback online.

The Guardian - AU

Five vice-chancellors in Victoria paid more than $1m in 2024, prompting claims of ‘largesse’

Union says universities blaming budget deficits for job cuts while pushing executive salaries ‘into the stratosphere’

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