Trade deficits are a distraction -- focus instead on the debt - Newsom proposes 'balanced' budget with no deficits - Pimco cuts exposure to long-dated US debt as deficits swell - Moody's cuts France's outlook to negative on debt, deficit concerns - Debt woes: Harris vs. Trump economic plans could balloon deficits - Interest payments on the national debt top $1 trillion as deficit swells - Fiscal deficit at 5.6%, beats projection - Reduced deficit, lower govt debt set to push down interest rates