deficit

Jay Powell says US must cut deficit ‘sooner rather than later’

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Receive the US Election Countdown newsletter for free The stories that matter about money and politics in the race for the White House The Federal Reserve chairman has warned that the US economy is too strong to justify such high deficits and has called on Washington to tackle the budget deficit “sooner rather than later”, … Read more

The EU’s trade deficit with China shrinks to its lowest level since 2021

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Stay informed with free updates Simply log in to the EU trade myFT Digest – delivered straight to your inbox. The EU’s goods trade deficit with China has shrunk to its lowest quarterly level in almost three years, despite fears the bloc will be flooded with cheap Chinese products. There are also signs of growing … Read more