Finance News – Deficit
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Auditors question future of prominent mental health charity
The recent report revealing a nearly $2 million equity shortfall has prompted auditors to express concerns about the financial stability and ongoing operations of a major mental he...
Read Full Article →UK inheritance tax: how does it work and what may be changing?
The government is considering adjustments to the rules surrounding asset transfers and donations to enhance revenue collection from estate levies, potentially impacting financial p...
Read Full Article →Record $37T US debt and M2 money growth set stage for $132K Bitcoin
The expanding United States fiscal deficit and increased money supply could influence asset valuations, potentially contributing to a significant rise in Bitcoin’s market price by...
Read Full Article →Where is Trump’s tariff money going? Here’s what he’s said and how much has come in.
The revenue generated from tariffs under President Trump's administration is relatively small and does not significantly offset the overall government budget shortfall.
Read Full Article →Classes combined, teachers cancelled amid public schools' budget woes
Due to ongoing budget shortfalls, many public schools in the ACT are consolidating classes and reducing teaching staff as part of efforts to manage limited financial resources.
Read Full Article →Collapsed crypto firm Ziglu faces $2.7M deficit amid special administration
Ziglu, a British cryptocurrency fintech undergoing special administration, has encountered a $2.7 million funding gap, potentially impacting the savings of numerous investors assoc...
Read Full Article →Treasury posts unexpected surplus in June as tariff receipts surge
In June, the Treasury reported a notable increase in revenue due to higher import taxes, resulting in a surplus exceeding $27 billion after experiencing a significant deficit the p...
Read Full Article →Posthaste: Canadians should brace for bigger federal budget deficit than they thought
According to BMO, Canada’s federal budget shortfall may reach around $80 billion, indicating a larger gap than previously anticipated, though the country remains financially more s...
Read Full Article →Larry Summers slams Trump's Big Beautiful Bill for its impact on the US debt and deficit
Larry Summers expressed concerns that the proposed legislation could substantially increase the national debt and deficit, potentially affecting the country’s long-term fiscal stab...
Read Full Article →What’s in Trump’s major tax bill? Extended cuts, deportations and more
The legislation provides significant tax relief for high earners, allocates funding for immigration enforcement initiatives, and is projected to substantially increase the federal...
Read Full Article →The dollar just had its worst start to the year in half a century
The sharp decline in the currency’s value during the opening months signals increased economic challenges, potentially affecting international trade balances, investment decisions,...
Read Full Article →Over half of English councils face insolvency under £5bn deficit, MPs warn
An influential parliamentary committee has highlighted that significant deficits related to special educational needs funding may lead numerous local authorities in England toward...
Read Full Article →'Fantasy math' masks tax bill's U.S. debt impact, GOP lawmaker said. What the deficit means for your...
The proposed legislation is projected to increase national debt substantially over ten years, which could influence interest rates on personal borrowing and affect returns in finan...
Read Full Article →Trump’s tax bill helps the rich, hurts the poor and adds trillions to the deficit | Katrina vanden H...
The recent legislation significantly reduces taxes for high-income individuals, increases the national debt by nearly four trillion dollars over ten years, and is criticized for di...
Read Full Article →Ray Dalio says to fear the bond market as deficit becomes critical
Ray Dalio warns that escalating national debt poses serious risks to the bond market, emphasizing concerns about political gridlock hindering effective fiscal management and potent...
Read Full Article →‘Pro-worker priorities’? Trump’s budget offers the exact opposite | Steven Greenhouse
The proposed budget plan prioritizes significant reductions in social welfare programs, resulting in substantial financial relief for affluent individuals while potentially increas...
Read Full Article →30-year Treasury yield tops 5%, 10-year hits 4.5% on deficit concerns
Rising long-term government bond rates reflect investor caution amid ongoing budget negotiations and concerns about the increasing national debt, influencing borrowing costs and fi...
Read Full Article →IMF urges US to curb deficit as Trump tax cut plan stirs debt fears
A leading IMF representative highlighted concerns about the growing national debt and emphasized the importance of reducing fiscal imbalances amid recent tax policy changes in the...
Read Full Article →Trump’s big tax bill is in jeopardy. Here’s why some in GOP are getting cold feet.
Concerns about increasing the national deficit have caused hesitation among some Republican members, leading to the House Budget Committee's decision not to move forward with the p...
Read Full Article →Losses widen at Gary Neville’s university UA92
University Academy 92, founded by Gary Neville and others, reported a pre-tax deficit of £2.2 million for the year ending July 31, 2024, indicating worsening financial challenges.
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