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The Latest Breaking News from Deficit

Demand-centric labor-intensive industries may help our shrinking middle class

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

The Conversation

Florida Overcomes 12-Point Deficit vs. Houston for First NCAA Championship Since 2007

The Gators are national champions after a thriller in San Antonio.

Sports Illustrated

Trump’s tariff formula ‘was rigged’ to get higher rates— and it used the wrong value for one of its variables, conservative think tank says

“What’s driving the policy is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses and trade surpluses are profits,” AEI’s Stan Veuger told Fortune.

Fortune

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read the most diverse news in one place.

Comedian Sue Perkins says she does not ‘weaponise’ her ADHD to make excuses

The presenter has spoken publicly about having attention deficit hyperactivity disorder (ADHD), saying she wants to be the ‘best version of herself’.

Evening Standard

Who’s getting hit by Trump's tariffs? Breaking down ‘Liberation Day’

Trump’s ‘Liberation Day’ tariffs dropped last week — here’s how they were determined, what they mean, and what’s next.

Euronews

The trade deficit isn’t an emergency – it’s a sign of America’s strength

When U.S. President Donald Trump imposed sweeping new tariffs on imported goods on April 2, 2025 – upending global trade and sending markets into a tailspin – he presented the move as a response to a crisis. In an executive order released the same day, the White House said the…

The Conversation

“A Deep Deficit”: Barack Obama Stuns With Honest Admission About The State Of His Marriage

“I have been trying to dig myself out of that hole,” Barack Obama said as he shared an update on the state of his marriage with Michelle Obama.

Bored Panda

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GOP's magic math undermines Trump's plan

Republicans are wishing away the debt to give tax cuts to the wealthy

Salon

Trump denies causing market sell-offs but sticks to trade deficit goal

Global stock markets deepened losses during Monday’s Asian session as US President Donald Trump reiterated his commitment to eliminating US trade deficits—particularly with China—while denying any intention to fuel market turmoil.

Euronews

Britain needn’t be cowed by wrecking-ball Trump, it should seize opportunities in Europe, Canada and beyond

Keir Starmer can help redefine global trade while strengthening new – and old – alliances

The Guardian - UK

Houston rallies to beat Duke 70-67 in the Final Four and advance to face Florida for the NCAA title

Houston’s suffocating defense wiped away a 14-point deficit over the final eight minutes and erased Cooper Flagg and Duke’s title hopes Saturday in a 70-67 stunner over the Blue Devils at the Final Four

The Independent UK

Even Ben Shapiro slams Trump over tariffs in new video

Shapiro said Americans don’t want to work in factories ‘riveting all day’

The Independent UK

Barack Obama Says He's "Been Trying to Dig" Himself Out of a "Deep Deficit" With Michelle Obama Since They Left the White House

The former POTUS revealed how he's attempting to make it up to his wife.

Marie Claire

Barack Obama's 'deep deficit' with wife Michelle

Barack Obama claims he was in a "deep deficit" with his wife Michelle Obama after leaving the White House and has been working hard to "dig myself out of that hole".

BANG Premier

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Reason

Trump's Longtime Obsession With Trade Deficits Suggests His Tariffs Won't End Soon

Although the president's pride in his negotiation skills could save us, it is hard to see what sort of deal would address his grievance about the consequences of economic freedom.

Reason

Disparate Impact Theory Rejected for DEI, but Embraced for Tariffs

Tariffs #1: Administration assumes that Trade Deficits are "the sum of all cheating."

Roll Call

Fact check: Trump’s misleading tariff chart - Roll Call

Economists say Trump's 'reciprocal' tariffs appear to be 'some other made-up measure based on a formulaic trade deficit calculation.'

The Conversation

No, that’s not what a trade deficit means – and that’s not how you calculate other nations’ tariffs

On April 2, United States President Donald Trump unveiled a sweeping new “reciprocal tariff” regime he says will level the playing field in global trade – by treating other countries the way (he claims) they treat the US.

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International Business Times

Trump Accused of Using ChatGPT to Create Tariff Plan After AI Leads Users to Same Formula: 'So AI is Running the Country'

The Trump administration has been accused of using ChatGPT to calculate the tariffs it presented to the world on Wednesday.

Fortune

Trump’s tariff numbers appear to have been calculated through a simple math formula, which works with every single country on the list

The calculations used by the White House don’t include a detailed assessment of each foreign country's trade practices.

Salon

Trump tariff math is "bananas"

Trump admin "computed reciprocal tariffs without using tariff data," ex-Treasury Secretary says

Euronews

Fact check: Are Donald Trump's tariffs on the EU really reciprocal?

Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure.

The Independent UK

The simple math behind Trump’s tariffs: How the White House calculated the new rates and why it’s not reciprocal at all

With the help of a large chart, the president unveiled his latest wave of tariffs on Wednesday, on what he called ‘Liberation Day’

The Independent UK

Union to ballot workers at beleaguered Dundee University on strike action

The university has been struggling with a £35 million deficit.

Reason

Liberation Day

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