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Today โ€” 3 July 2025Business News - Markets reports and financial news from Sky

Veteran Democrat expresses dismay at US deficit but blames Biden too

Jack Lew is as decorated as they come when it comes to US economic leaders from the Democratic side of the aisle having served as President Obama's treasury secretary, and before that as his director of the office for management of the budget (OMB), a role he also held in the Clinton White House, when he was instrumental in the administration balancing the budget in the late 1990s - the last time that has happened.

Yesterday โ€” 2 July 2025Business News - Markets reports and financial news from Sky
Before yesterdayBusiness News - Markets reports and financial news from Sky

Paying up front for clean energy future should lead to tangible savings ahead

Ofgem's approval of a ยฃ24bn investment in expanding the energy grid, and the ยฃ104 bill increase that will pay it, is an acknowledgement that cleaner, more predictable and hopefully cheaper prices in future will only come at a price today.

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