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The Latest Breaking News from Deficit

Verstappen fears Red Bull won't close McLaren gap soon

Max Verstappen says it is unrealistic to expect Red Bull to close its race pace deficit with McLaren in the short-term despite a range of upgrades coming to the 2025 Formula 1 car.

Autosport

Opera Australia treads brutal Boulevard to a $10m loss

A production of the musical Sunset Boulevard helped drag Opera Australia's finances to an operating deficit of $10.6 million in 2024.

AAP

Lando Norris not worried about championship standings despite early deficit

The Briton is 16 points adrift of McLaren team-mate Oscar Piastri after six races.

The Independent UK

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Republican Reconciliation Package Will Lead to $3 Trillion Annual Deficits

A new analysis from the Committee for a Responsible Federal Budget estimates that the national debt will equal nearly 130 percent of GDP by 2034.

Reason

Newsom Proposes Pausing Health Access for Undocumented, Low-Income Immigrants Amid California's Billion-Dollar Budget Deficit

California Governor Gavin Newsom is proposing a freeze on new enrollment for low-income immigrants without legal status into the state's Medi-Cal program starting in 2026

Latin Times

California governor announces $12 billion budget deficit

California Gov. Gavin Newsom says the state is staring down an $12 billion budget deficit

The Independent UK

Trump Official Mocked for Insisting China 'Caused' the Pain Americans Felt From Tariffs: 'Must Think We're Fools'

U.S. Trade Rep. Jamieson Greer deflected blame for the Trump administration's tariff fallout onto China, prompting immediate pushback online.

Latin Times

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Five vice-chancellors in Victoria paid more than $1m in 2024, prompting claims of ‘largesse’

Union says universities blaming budget deficits for job cuts while pushing executive salaries ‘into the stratosphere’

The Guardian - AU

Ken Griffin says Trump won the election by promising lower inflation—so he needs to think 'long and hard' about how to protect Americans' standard of living

Citadel founder Ken Griffin added that Americans may not even want the jobs that rebalancing the trade deficit may open up.

Fortune

Most controversial Medicaid cuts left out of reconciliation text - Roll Call

A House committee releases its plan to reduce the deficit by $880 billion to pay for President Donald Trump’s legislative priorities.

Roll Call

If you really want to close the US trade deficit, try boosting innovation in rural manufacturing

President Donald Trump has long been preoccupied by the trade deficit — the gap between what the U.S. sells to the rest of the world and what it buys from it. He recently declared the issue a national emergency and used trade deficit data to calculate so-called “reciprocal tariffs” targeting…

The Conversation

Barcelona sink Real Madrid with thrilling Clasico comeback as LaLiga title beckons

Barca quickly erase early deficit to go seven points clear of fiercest rivals with only three games left to play this season

Evening Standard

Universities must be more transparent with public money, skills minister says

It comes after reports that two in five universities and colleges in England expect to run at a deficit this year.

Evening Standard

Trump calls emptying U.S. ports a 'good thing' despite supply-chain panic because 'that means we lose less money'

The president has repeatedly claimed the U.S. has a $1 trillion trade deficit with China, though economists argue a trade deficit isn’t inherently negative.

Fortune

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The Independent UK

NHS trusts cut frontline clinical jobs and axe services ‘to balance the books’

More than a third (37%) are cutting clinical posts as they try to balance their books, with a further 40% considering this.

The Independent UK

FACT FOCUS: Trumps claims the US subsidizes Canada. Experts say the numbers don't add up

President Donald Trump falsely claimed during a meeting with newly-elected Canadian Prime Minister Mark Carney that the U.S. provides Canada with subsidies of about $200 billion

Al Jazeera

US-UK trade deal: How are Trump’s global tariff talks shaping up?

UK and US leaders to hold separate media events outlining Donald Trump’s first trade deal since global tariffs move.

Evening Standard

English voters face ‘democratic deficit’ without devolved parliament – MP

Unlike Northern Ireland, Scotland and Wales, England does not have a devolved national assembly.

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Sports Lens

Have the Boston Celtics ever recovered from a 2-0 series deficit?

After falling to the New York Knicks in consecutive games - have the Boston Celtics ever recovered from a 2-0 series deficit?

Evening Standard

More than two in five universities in England face deficits this year – watchdog

Higher education institutions have announced redundancies and course closures over the past year as a result of growing financial pressures.

Euronews

Can France's prime minister call a referendum on the budget?

The potential move follows the passing of France's tumultuous 2025 budget in February, which aims to reduce the public deficit to 5.4% of GDP this year.

Latin Times

Trump Admin Sidesteps Congress by Calling Trade Deficit a National Emergency, Dem Lawmaker Says: 'It Hasn't Been for Four Decades'

Rep. Gregory Meeks (D-NY) criticized Scott Bessent for claiming that long-standing trade deficits constitute a "national emergency" and bypassing Congress.

The Conversation

Why Trump’s plans for tariffs on foreign films probably won’t have a happy ending

With its tariffs policies, the administration of US president Donald Trump aims to correct the country’s persistent goods trade deficit. The president has argued that the US has been “looted, pillaged, raped and plundered” by other countries. Trump feels it is now America’s “turn to prosper” – and he has…

Evening Standard

Declan Rice: Arsenal silenced Real Madrid and can do the same to PSG

Gunners star is confident of overturning a first-leg deficit with another “moment of magic”

Sports Illustrated

3 Things Arsenal Must Do Differently to Reach Champions League Final

Arsenal face an uphill battle to reach their first Champions League final since 2006, needing to overturn a one-goal deficit to Paris Saint-Germain.

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