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The Latest Breaking News from Deficit

Trump’s tariffs program is based on flawed assumptions about the trade deficit

While persistent trade deficits are worrisome for many countries, that isn’t the case for the U.S.—and that’s a good thing.

Fortune

Expect a lot of talk about Australia’s deficit, but remember the golden rule: budgets are always about choices

The world trade system, and our ability to trust our biggest defence ally, is all gone to hell. What will Labor prioritise in the 2025 federal budget in such an uncertain global environment?

The Guardian - AU

Japan's exports surge in February, leaving a trade surplus as worries persist over Trump's tariffs

Japan has reported its exports grew at an 11% annual pace in February while imports declined slightly, leaving a surplus after two straight months of deficits as worries grow about President Donald Trump’s tariff hikes

The Independent UK

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Germany’s economic sentiment hits 2-year high, EU exports to US soar

Germany’s economic sentiment hit a 2-year high, but the eurozone’s trade surplus fell sharply. EU exports to the US surged as firms frontloaded shipments ahead of potential Trump tariffs, while the trade deficit with China widened sharply.

Euronews

Red Bull reveals F1 upgrade plan to catch McLaren

Red Bull is aiming to introduce upgrades within "three to five races" to cure its main deficit compared to McLaren, says team advisor Helmut Marko.

Autosport

Tate museums to cut 7% of workforce amid financial challenges

Tate has announced that it is cutting 7% of its workforce, as the British arts institution grapples with a post-pandemic financial deficit. The move echoes major budget cuts for many cultural institutions globally, including major European museums.

Euronews

"Hell of a recovery" – but Piastri's already facing a major deficit in F1 title battle

Oscar Piastri’s sangfroid response to his painful Australian Grand Prix result will stand him well in the upcoming 2025 Formula 1 title battle with Lando Norris and Max Verstappen, but of the early contenders he alone now faces a big early points deficit.

Autosport

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Trump claims tariffs will make the U.S. 'rich again.' But 5 undisputed facts about how they work throw cold water on that notion

What we know so far: Tariffs will have a huge effect on the economy—just not the one the President is projecting.

Fortune

How Trump’s tariffs could tank the U.S. economy

Steve Hanke of Johns Hopkins University puts it bluntly: “You can’t win a trade war,” he says.

Fortune

OPINION - My child may have ADHD — I am furious that anybody would think this real condition is a 'scam'

Anyone who thinks there’s anything mildly amusing about the reported rise in Attention Deficit Hyperactivity Disorder (ADHD) and autism spectrum disorder (ASD) diagnoses in the UK needs to have a word with themselves.

Evening Standard

Tate cuts 7% of workforce in effort to reduce funding deficit from pandemic

Arts institution says loss of 40 roles achieved through voluntary departures and recruitment freezes

The Guardian - UK

The 10 Worst Republican Budget Gimmicks

A guide to the gaslighting of voters.

Reason

Government deficit rose 4% in Trump's first full month in office, despite DOGE. UBS says the U.S. is slashing confidence, not spending

While the government did cut its outlays in February, the budget deficit for the month more than doubled compared to January due to a drop in income.

Fortune

University of Dundee job losses should be ‘wake-up call’, Swinney told

The university announced on Tuesday it plans to cut 632 jobs as it bids to plug a £35 million deficit.

Evening Standard

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The Independent UK

Is Tottenham vs AZ Alkmaar on TV? Kick-off time, channel and how to watch Europa League fixture

Tottenham are under pressure to overturn a first-leg deficit and get their quest for silverware back on track

Evening Standard

Swinney voices concern at ‘extreme situation’ at University of Dundee

The First Minister’s comments come a day after the university said it will cut more than 600 jobs as it bids to tackle a £35 million deficit.

The Guardian - UK

Dundee University faces ‘hammer blow’ amid plans to cut 635 jobs

Interim principal says drastic measures needed to tackle £35m shortfall in day-to-day spending

Evening Standard

More than 600 jobs face axe at University of Dundee to tackle £35m deficit

The University and College Union described the news as a ‘hammer blow’ for staff.

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news in one place.

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Sports Illustrated

High Point Overcomes Big Deficit in Title Game to Book First Trip to NCAA Tournament

The Big South team trailed by as many as 15 points in Sunday's championship game.

Golf Monthly

Calum Hill Overturns Eight-Shot Deficit To Win Joburg Open In Playoff After Rollercoaster Final Day

Hill triumphed in a three-man playoff against Jacques Kruyswijk and Shaun Norris after carding a final-round 62 to lift his second DP World Tour title

Evening Standard

Tottenham star delivers squad verdict on Ange Postecoglou after AZ Alkmaar defeat

Spurs boss is under pressure to overturn 1-0 deficit in crucial Europa League last-16 clash

International Business Times

US Trade Gap Hits New Record In January As Tariff Fears Loomed

The US trade deficit surged to a new record in January, government data showed Thursday, as imports spiked while tariff worries flared in the month of President Donald Trump's inauguration.

Top News

President Trump To Emphasize Tariffs And Country's Progress In Speech

Jason Miller, senior adviser to President Trump, announced plans to emphasize tariffs as a strategy to address trade deficits and improve economic conditio...

The Guardian - UK

Ministers plan major changes to Send education in England

White paper being prepared as councils hope for relief from huge deficits in special educational needs budgets

The Guardian - UK

Almost half of England’s councils ‘could face bankruptcy over £4.6bn deficit’

Damning National Audit Office report says action is needed to address deficit accumulated under Tory-era policy

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