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SHOCKING: 17 - You Need To See This

French lawmakers pass special budget to keep government running until January

The French parliament on Tuesday passed last-minute legislation to keep the government in business into January after the divided legislature failed to agree a full budget for the coming year. The Senate gave its green light in a late-night vote after MPs in the lower house cleared the bill earlier…

Radio France Internationale

America is $38 Trillion Dollars in Debt. As an Entrepreneur, I Know How to Wipe It Out

When we sat down with entrepreneur Mitch Francis, author of "BAD-ASS SOLUTIONS: For Today's BIG-ASS Problems," we were expecting polite deficit talk or another PowerPoint solution. What we got instead was a blunt thesis.

International Business Times

Prince Harry, Meghan Markle Archewell Crisis: Why 'Money Woes' Are Forcing New Staff Sacking

Prince Harry and Meghan Markle face a 2026 crossroads as Archewell's $2.5m deficit and falling Netflix views force a 'ruthless' rebrand into family philanthropy.

International Business Times UK

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A French Alpine ski resort is offering free skiing all winter to save money. Here’s why

The struggling Saint-Colomban-des-Villards has taken the unprecedented decision to make skiing free this winter.

Euronews

France to miss 2026 budget deadline as lawmakers fail to reach deal

French lawmakers failed Friday to agree a 2026 budget in joint committee talks, forcing government to seek emergency legislation to roll over 2025 budget.

Euronews

Head hundred helps Aussies home in on Ashes retention

Australia have a 3-0 Ashes series lead in sight after Travis Head's century helped them to stumps on day three in Adelaide at 4-271 and with a lead of 356 runs.

AAP

WhatsApp university blames foreign investors for the rupee’s slide – like blaming fever on a thermometer

On December 16, the rupee crossed the 91-per-dollar mark to touch an all-time low of 91.09. As soon as this happened a joke started going around on WhatsApp: USD (+1) = INR (+91). Finally ISD Codes and Exchange rate matched.

Newslaundry

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England batting collapse leaves Ashes hanging by a thread in Adelaide

After defeats in Perth and Brisbane, England moved closer to an irretrievable 3-0 deficit as the top-order wilted in all too familiar fashion.

The Independent UK

Trump Said His Tariffs Would Reduce the Trade Deficit and Bring Back Manufacturing. Here's What the Data Show.

These metrics are bad proxies for prosperity, but they reveal just how flawed the president's arguments have been.

Reason

Primary school in Newham to close due to lack of pupils as London's school closures crisis grows

Newham Council says falling pupil numbers and a £1.1million budget deficit means it can’t afford to keep Calverton Primary School open

Evening Standard

Kings come from the clouds to beat 36ers in OT

The Sydney Kings have notched their second overtime win in four days, reeling in an 18-point deficit to take down the ladder-leading Adelaide 36ers.

AAP

The budget update shows a slight improvement in the federal deficit, but it’s mostly due to good luck

The federal government’s mid-year budget update shows a modest improvement in the deficit forecast in 2025–26, but much of this comes from a larger-than-forecast tax take.

The Conversation

Mid-year budget update will project deficit of nearly $37 billion for current financial year

Wednesday’s budget update will project a deficit of $36.8 billion for this financial year, which is $5.4 billion better than forecast in the Pre-election Economic and Fiscal Outlook (PEFO) issued before the May election.

The Conversation

Jim Chalmers won’t have good news in Myefo. Instead, he’ll be trying to sell Labor’s good intentions

The unwelcome return of inflation means Anthony Albanese’s government is desperate not to be seen to be adding to the problem

The Guardian - AU

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AAP

Budget update to reveal Australia's fiscal fortunes

The federal treasurer says he's booked another $20 billion in savings in the budget update, but is keeping mum on whether that means a smaller deficit.

The Guardian - UK

December cut to UK interest rates ‘nailed on’ after economy shrinks unexpectedly by 0.1% in October – as it happened

Disappointing UK GDP report shows economy contracted by 0.1% in both September and October

Evening Standard

FTSE 100 up as Fed sounds softer tone than feared

After Europe’s close on Wednesday, the US central bank cut interest rates by 25 basis points as expected.

GOBankingRates

Things Trump ‘Needs’ To Do for American’s Wallets in 2026, According to Economists

Economists outline key financial steps Trump should take in 2026 to strengthen Americans’ wallets and boost economic stability.

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Reason

Trump's Tariffs Were Supposed To Cut the Trade Deficit and Boost U.S. Manufacturing. They're Not Working.

For Trump, tariffs are a solution to every problem, and his trade war is more about the vibes than the economics.

Cycling News

UCI Cyclo-cross World Cup Terralba: Michael Vanthourenhout outsprints Joris Nieuwenhuis and Laurens Sweeck to win first World Cup of the season

Sweeck reduced his deficit in overall standings to 4 points to Thibau Nys

AAP

I have no memory: Bryce Cotton blown away by crazy win

Adelaide have overcome a 21-point, third-quarter deficit to post a famous one-point win over the Wildcats in Bryce Cotton's emotional return to Perth.

AAP

Canberra overcome illness and deficit to win thriller

The UC Capitals have won a 76-75 tussle against the Geelong Venom, courtesy of a courageous double-double by Opal Zitina Aokuso.

The Independent UK

Woeful England slide towards second Test defeat as Mitchell Starc and Australia dominate

England 134/6 (trail Australia by 43 runs): The tourists are facing a 2-0 series deficit after Starc starred in Brisbane

Fortune

‘This is a bad idea made worse’: Senate Dems’ plan to fix Obamacare premiums adds nearly $300 billion to deficit, CRFB says

The plan to protect Obamacare would cost nearly $550 billion over 10 years if it were made permanent, the budget watchdog said.

Fortune

Tariffs and the $38 trillion national debt: Kevin Hassett sees ‘big reductions’ in deficit while Scott Bessent sees a ‘shrinking ice cube’

The favorite to become Fed chair says tariffs are an important part of Trump’s economic policy and behind “a lot of the revenue coming into the Treasury.”

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