[Music] France, the Euro zone's second largest economy, has made headlines recently with soaring debts and deficits. Now, the latest deficit to GDP ratio stands at 5.8%, far exceeding the EU's 3% ceiling. Now, France has long been known for big social safety nets, which can drive deficits, but other factors have fueled the recent surge.Russia reduced energy supplies to France in 2022 and the government responded with heavy subsidies to support affected industries. The result, debt to GDP ratios went from 98 ...

Canada is set to run a “substantial” deficit, according to Prime Minister Mark Carney https://t.co/EL3esGeaS7 ...

$30B/month in tariffs (≈$300B/yr), Tax receipts growing ~10% YoY and yet… the deficit is still bigger than last year.Put it together and you get a “perpetual motion machine” of stimulus.@VincentDeluard argues that classic recessions are probably dead. https://t.co/AMSBjLur71 ...

The Congressional Budget Office is projecting higher inflation and unemployment this year with slowing economic growth ahead. Joining us right now to discuss it is CBO Director Phil Swaggel. And Phil, thanks for coming in today.>> Yeah, Becky, thanks so much. Thanks for having me. >> So, the new numbers, the new estimates take into account several things.One is uh population growth because of immigration. You're anticipating that it's going to be significantly lower. The other is the big one big beautiful b ...

🗞️ The U.S. government posted a $345B deficit in August, with spending rising to $689B.🗞️ Christie's has closed its digital art department, ending its experiment with NFT art sales.🗞️ BlackRock is exploring placing tokenized ETFs tied to real-world assets.@JennSanasie hosts "CoinDesk Daily."Thank you to @MidnightNtwrk 👋 for being a sponsor of the CoinDesk media network. ...

US tariff revenue hit a new monthly record in August, reflecting President Donald Trump’s tariff hikes, though that still left the federal government with the third-biggest deficit on record so far this fiscal year https://t.co/AtZwlu1oyu ...

Just how far can French politicians push the bond market? Efforts to slash the country’s American-style deficit, which sits at 5.4% of GDP, might soon bring down another government https://t.co/td8LGJVDIt ...

Financial Performance - Alberta is projecting a wider deficit for the current fiscal year [1] Industry Trends - Falling oil prices are denting a key source of revenue for Canada's top energy-producing province [1]

Trade Policy - Mexico plans to increase tariffs on China in its 2026 budget [1] - The tariff increase aims to protect local industry [1] - The measure addresses pressure from Trump [1] - The policy seeks to reduce Mexico's deficit, which is at its highest level since the 1980s [1]

US Treasury Deficit - The US Treasury experienced a significant deficit of $291 billion in July, exceeding economists' expectations of $183 billion [1] - July's deficit was notably higher than the $244 billion deficit recorded in July of the previous year [2] - Increased government spending, reaching an all-time high for July, contributed to the larger deficit, with spending up 10% year-over-year [2] - The fiscal year-to-date deficit stands at $16 trillion, slightly above the level from the same period last year [3] Customs Revenue - The US collected $28 billion in customs revenue last month, a figure that includes more than just tariffs [3] - Customs revenue has increased this year, coinciding with the implementation of tariffs [4] - Year-to-date customs duties collected by the Treasury amount to approximately $115 billion [4] - The actual tariff revenue collected is significantly less than the trillions of dollars often cited [4]