Category: deficit
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Deficit warning: Yellen says higher rates make managing it harder
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Treasury Secretary Janet Yellen said expectations of higher long-term interest rates make it difficult to contain U.S. borrowing needs, making a revenue boost more important in negotiations with Republican lawmakers. “We raised interest rate expectations,” Yellen said Friday in an interview with Bloomberg News. “It doesn’t make a difference. It…
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Weaker supply will drive platinum deficit higher than expected in 2024, WPIC says By Reuters
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Written by Paulina Devitt LONDON (Reuters) – The global platinum deficit in 2024 will be deeper than previously expected due to lower supplies from mines in South Africa and Russia, the World Platinum Investment Council said on Monday. The 2024 deficit of 476,000 ounces will be smaller than the 851,000…
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Fiscal deficit widens beyond government’s target
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Israel’s fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion, according to Finance Ministry Accountant General Eli Rotenberg. Israel’s fiscal deficit continued to widen in April, reaching 7% of GDP over the past 12 months, or NIS 132.2 billion,…