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1. U.S. Budget Deficit Hits Highest Level Since 2012: Treasury Department 2. U.S. Budget Deficit Growing, Could Top $1 Trillion This Year 3. How the U.S. Budget Deficit Impacts the Economy 4. What Is a Budget Deficit and How Does It Affect You? 5. Budget Deficit by Year: U.S. Debt Since 1929 6. What Happens When a Government Has a Budget Deficit? 7. The Pros and Cons of Budget Deficits 8. How to Reduce a Budget Deficit 9. The Impact of Budget Deficits on Economic Growth 10. Video: What Is a Budget Deficit?
The start of the final trading week of November has been eventful. Several currency pairs experienced a "gap" or price difference between Friday's close and Monday's opening. For instance, the GBP/USD pair opened 60 pips lower, EUR/USD saw a 70-pip gap, and USD/JPY opened with a 50-pip difference. At the week's outset, the USD faced a downward pullback, which in some pairs has since transitioned to a sideways trend. Analysts attribute this sharp retreat to market reactions following Trump’s selection of a Treasury Secretary. Scott Bessent recently stated that tariffs should be introduced gradually, and his supporters believe he could help curb the growth of the U.S. budget deficit.
December doesn’t arrive with chocolate and flowers to Europe. First, Stellantis CEO resigns on weaker sales and tumbling profits. Second, VW workers are expected to walk out as early as today, because their labour leaders couldn’t reach an agreement on how to reduce costs to prevent factory closures. Sadly for VW, the worker walkouts may only get the matters worse when there is no money flowing in to make everyone happy. And finally, the French political scene remains messy with the far-right party Marine Le Pen threatening to team up with the leftist and take down Michel Barnier’s government by Wednesday if he doesn’t come up with a less strict budget plan. The problem is that no plan will be good enough to satisfy Le Pen and reduce France’s budget deficit.
Canada’s federal government in Ottawa posted a budget deficit of $13 billion in the first half of the current fiscal year, up 59% from a deficit of $8.2 billion during the same period of fiscal 2023. Between April and September of this year, the ...
- Liberal government in turmoil-budget deficit soars. - Canada inflation and US Retail Sales ahead. - US dollar little changed but opens mixed. USDCAD: open: 1.4292, overnight range,1.4232-1.4294, close 1.4242, WTI $69.65, Gold, $2637.76 The ...