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Consumer prices for electricity are detached from reality, the editor of Die Welt says Germany is heading for a “huge energy crisis,” a senior editor at one of the country’s most influential newspapers, Die Welt, warned on Wednesday.

Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday.