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The Latest Breaking News from Deficit

Tax the Rich All You Want. It Won't Fix the Deficit.

The problem is not that the government collects too little. It's that the government spends too much.

Reason

NHS trusts facing difficult decisions amid ‘perilous’ financial situation

IN FULL

The Independent UK

NHS financial crisis deepens as trusts report £780 million deficit

The situation is forcing health leaders to make ‘increasingly difficult choices’

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

‘Difficult to lift our mindset’: Guardiola admits City have little chance of progress

Pep Guardiola is not optimistic that Manchester City will overturn a 3-0 deficit in the second leg of their Champions League tie with Real Madrid

The Guardian - UK

The $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up

“The consistent pattern of deficit spending that has been the norm in the United States for many years has driven up costs for families."

Fortune

Trump's New Tariff Plan Still Asserts a Crisis That Does Not Exist

The president’s invocation of Section 122 conflates a trade deficit with a balance-of-payments deficit.

Reason

Colorado Emergency Session: Lawmakers Scramble to Close a $750 Million Budget Hole

When state governments suddenly face massive budget gaps, the decisions that follow can affect everything from healthcare programs to taxes and public services. That’s exactly...

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The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves'

"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."

Fortune

Why Victor Wembanyama Was So Emotional After Spurs’ Dramatic Comeback Win Over Clippers

San Antonio came back from a whopping 25-point deficit Friday to secure the team’s 14th win in the past 15 games, which choked up Victor Wembanyama.

Sports Illustrated

CBO highlights the good news in Trump’s lost tariff revenue hiking the deficit by $2 trillion: Lower inflation and unemployment—and higher GDP

In the past year, tariffs were, at least partly, responsible for 166,000 lost blue-collar jobs and $1,700 in annual increased costs for American households.

Fortune

Long-run shock in Australia: George Russell and Mercedes tear the competition apart

While Ferrari and McLaren topped the times in Friday practice, it’s Mercedes that could be the team to beat come Sunday, here’s why

Motorsport

Trump touts tariffs as a budget fix. But the brutal truth is ‘they’re very weak’ and barely dent the $39 trillion national debt

An international tax policy expert told Fortune any form of tariff fails to “move the needle one way or the other.”

Fortune

Democratic attorneys general challenge Trump's newest tariffs

A group of Democratic attorneys general filed a lawsuit Thursday challenging the tariffs President Donald Trump adopted last month.

Roll Call

What does a house mean to you? We asked some women who head households in South Africa

South Africa’s new democratic government inherited a 1.5 million housing backlog in 1994, which it has been struggling to close. The current national deficit stands at 2 million.

The Conversation

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Cycling Weekly

Girls are believing less and less that they can reach the top levels of sport – how can we bridge the 'dream deficit'?

Women in Sport found that girls are experiencing dropping aspirations when it comes to believing they can reach the top of their sports. What's cycling doing about it?

GOBankingRates

Here’s Warren Buffett’s Plan To Eliminate America’s Debt ‘in 5 Minutes’ — What Do You Think?

In an interview, Buffett said, "I could end the deficit in five minutes." Could his plan work?

The Times of India

Sky-high teacher salaries push Oakland schools toward $50M deficit, Board member sounds alarm

A massive teacher pay raise in Oakland has put the cash-strapped school district on edge, with one board member calling the deal “financially impossible.”

Motorsport

The mountain Yamaha has to climb with its V4-powered MotoGP contender

Statistics from the Thailand Grand Prix shows how far away Yamaha is after switching to an all-new V4 engine

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news in one place.

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Latin Times

Cuba Faces Up to 20-Hour Daily Blackouts as Electricity Shortfall Hits Record Levels

Cuba is bracing for power outages affecting almost two-thirds of the population during peak demand hours, as the state utility projects an electricity deficit of almost 2,000 megawatts, the highest level of disconnection recorded since systematic energy data began in 2022.

The Conversation

Why the UK’s trade deficit makes household bills so vulnerable to global shocks

The UK’s trade deficit of goods is the widest it has ever been. In 2025, the country spent £248.3 billion more on things than it sold to the rest of the world.

Fortune

Trump’s action against Iran is yet another wobble for government debt, warns UBS

“President Trump indicated attacks could go on for four or five weeks, and there are already reports of a need to urgently replenish weapons stockpiles. That potentially adds to the fiscal deficit,” noted Paul Donovan of UBS.

Fortune

Why Ray Dalio, Scott Bessent and others are rallying around a '3% solution' to the national debt

Bipartisan consensus is building in support of lowering the gulf between revenues and outlays to 3% of GDP.

Reason

Mamdani Reportedly Pushes $70 Million Grocery Store Proposal Amid $5.4 Billion Budget Gap

Amid a $5.4 billion budget deficit, the mayor of New York City is pushing forward with a proposal that has historically yielded terrible results.

The Independent UK

Georgia's child welfare system remains shaken after projected $85.7 million budget shortfall

Georgia’s child welfare agency spiraled into crisis amid an $85.7 million shortfall and although lawmakers voted to fill it, the impacts will last

The Guardian - UK

Chelsea made English record £355m loss in 2024-25 season, Uefa data reveals

Chelsea made a financial loss of £355m in the 2024-25 season, the biggest deficit ever recorded by an English football club

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