The Traderszone Network

The U.S. budget deficit is likely to fall by $60 billion in 2015 due to strong revenue gains, the Congressional Budget Office said on Tuesday, enabling the government to stave off default without a debt limit hike perhaps through early December. The CBO said it now estimates a $426 billion deficit for fiscal year 2015, down from its $486 billion forecast made in March. The new forecast would bring the deficit to its lowest dollar amount since 2007, and as a 2.4 percent share of U.S. economic output, it would be below the 50-year average.

Live at noon ET, we’ll break down the day’s biggest stories and catch you up on today’s stock market rebound.

Reports coming in of a shooting incident in France
Happening in Somme
No further details just now and this comes days after the train shooting

12:00 p.m. EDT: Despite falling oil prices, Clean Energy Fuels continues to add more customers for natural gas vehicle refueling.

Comments from BOC Deputy Schembri:
– Risk stemming for the housing market have been well managed by macroprodential policies
– Policies that address structural weakness in regulation are best suited for mitigating housing risks
USD/CAD was at a fresh 11-year high of 1.3316 ahead of the text but there was no reaction to the headlines. The pair is up almost 200 pips from today’s European lows and oil is up 3%.

Market gyrations are scary, but if you are considering selling, you need to see this performance data.

U.S. stocks may be beaten up, but China’s stimulus and persistently low rates will support equities, experts said.