The Latest Breaking News from Deficit

Come 2030, the annual deficit will be worth roughly 5.9% of GDP, on par with provisions set aside for health and Social Security programs, and well ahead of calls to reduce deficits to 3% of GDP.

Emin’s comments come after the National Gallery revealed an £8.2m deficit

Trump’s trade policy risks confusing one problem with a much bigger crisis, according to Harvard professor Gita Gopinath.

New US tariffs set at 10% have come into effect, days after the country’s Supreme Court blocked the bulk of President Donald Trump’s sweeping import taxes. The shock move came as a major blow to the president’s determination to rebalance US trade and bring manufacturing back home.