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The Latest Breaking News from Deficit

Russia could run out of money next year, says oligarch Oleg Deripaska

Western sanctions are causing serious pressure, with budget deficit forecast to jump

The Guardian - UK

What is the US national debt and how has it grown over time?

The national debt grew by more than $4 trillion in 2020 alone.

USAFacts

Newsom gets good marks in new poll but faces test with budget crisis

SACRAMENTO, Calif. — Gov. Gavin Newsom is California's most popular high-profile politician, but that could be tested by voter concerns over his ability to handle the state's estimated $22.5 billion deficit, according to a new UC Berkeley Institute of Governmental Studies poll co-sponsored by the Los Angeles Times.

Los Angeles Times

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Warriors come alive in 3rd to beat Portland

SAN FRANCISCO — The Warriors came alive in the third quarter Tuesday night to rally back from a double-figure deficit to beat the Portland Trail Blazers 123-105.

Tribune News Service

Michigan State basketball overcomes huge deficit, defeats Nebraska in Lincoln

It was very bad, but it then turned into very good in Lincoln when the Spartans overcame a 15-point deficit to defeat Nebraska:

USA Today Sports Media Group

Time to get real about funding government services, Treasurer Jim Chalmers says

"Every dollar that's spent on a tax break for people with tens of millions of dollars in super is a borrowed dollar ..." Chalmers said.

The New Daily

Türkiye’s Trade Deficit Rises, Confidence Index Declines

Türkiye’s trade deficit continued to rise in January while the economic confidence index witnessed a sharp decline. Türkiye’s foreign trade deficit widened 38.4 percent year-on-year to $14.237 billion in January, official data showed on Monday, with imports surging 20.7 percent and exports up 10.3 percent. The Turkish Statistical Institute said…

Asharq Al-Awsat

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Sudan to Raise Import Duties on 130 Items

The Sudanese authorities have raised customs duties on 130 commodities, including gasoline and wheat, to cover the expected deficit in this year's budget. The tariff hike, which immediately entered into force, would increase the prices of many imported and local goods amid the country's stagflation. The Customs Authority stated that…

Asharq Al-Awsat

FTSE 100 Live: Ocado posts big loss, AO World upgrades earnings guidance

Education publisher Pearson today said it beat expectations in 2022 after an 11% rise in underlying operating profits to £456 million.

Evening Standard

Why Zlatan Ibrahimovic cannot play for AC Milan against Tottenham in Champions League clash

Tottenham Hotspur will look to qualify for the Champions League quarter-finals by overturning a first leg deficit against AC Milan and will avoid coming up against one of the all-time great strikers

Football London

Kirill Kaprizov's natural hat trick rallies Wild to 3-2 overtime victory over Columbus

The Wild picked up their first multi-goal comeback of the season on Sunday, erasing a two-goal deficit before shrugging off the Blue Jackets 3-2 in overtime at Xcel Energy Center for their fifth win in the last six games.

Tribune News Service

Lamont Butler Stuns Lobos With 73-71 Aztecs Buzzer Beater Win

Lamont Butler Stuns Lobos With 73-71 Aztecs Buzzer Beater Win The Aztecs came back from a ten-point deficit at the half and clawed their way back to victory at The Pit, showing incredible grit. Contact/Follow @tedmcgovern & @MWCwire "It stings. It ...

USA Today Sports Media Group

‘They want the aggressive option’: Ben Stokes backed on decision to enforce follow-on

Stokes sent the home side back into bat with a 226-run deficit midway through the third morning

The Independent UK

Julius Randle ties career high with 46 points as Knicks rally to overcome 19-point deficit against Wizards

A crowning moment for King Julius.

Tribune News Service

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The Independent UK

Feds seek to limit telehealth prescriptions for some drugs

The Biden administration is moving to require patients see a doctor in person before getting drugs to treat attention deficit disorders or addictive painkillers, toughening access amid a deepening opioid crisis

The Independent UK

Malaysia helps poor, raises taxes for rich in 2023 budget

Malaysia will raise development spending and plans new taxes for the wealthy in a smaller budget plan this year, as the new government seeks to balance between spurring economic growth and reining in the budget deficit

Chicago Sun-Times

Shannon’s surge rallies Illinois past No. 21 Northwestern

Terrence Shannon Jr. shook off a slow start in his return from a concussion, scoring 24 of his 26 points in the second half as Illinois rallied from an 18-point halftime deficit to win 66-62.

360info

How Sri Lanka sleepwalked over a debt cliff

The issues that led Sri Lanka to become an economic basket case in 2022 serve as a warning for other nations.

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news in one place.

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Tribune News Service

Commentary: On the debt limit fight, it’s time to end business as usual

President Joe Biden has called for an increase in the debt ceiling. To avoid another fight with Congress on the issue ahead of the 2024 elections, he would need lawmakers to boost the current ceiling by roughly $2.5 trillion. This would allow for total debt of about $34 trillion, or…

Chicago Sun-Times

Pritzker steers Illinois toward a true balanced budget

The deficit at the end of the coming fiscal year is said to be the lowest “in nominal, non-inflation-adjusted dollars that it has been in 25 years.” Not bad.

Liverpool Echo

Liverpool can cancel entire Champions League points deficit in game-changing week of fixtures

Liverpool are currently nine points off the Champions League places but could be about to cancel out that deficit by March 1

Fortune

How to solve the U.S.'s deficit problem

It's time for shared sacrifice—so don't hold your breath.

Reuters

Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall

Russia's finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) in 2023, despite towering spending and slumping energy revenues contributing to a huge shortfall in January.

Daily Mirror

Joe Cole ignores Kylian Mbappe and Lionel Messi as he picks key PSG duo in Bayern rematch

Paris Saint-Germain lost the first leg of their Champions League last 16 tie to Bayern Munich on Tuesday and now have a 1-0 deficit to overturn at the Allianz Arena in Munich next month

The Independent UK

Protocol deal must address ‘democratic deficit’ in NI, DUP MP insists

Sinn Fein’s Michelle O’Neill said the DUP had to stop holding people in Northern Ireland ‘to ransom’.

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