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The Latest Breaking News from Deficit

CBO sees lower deficits from tariffs, but with big caveats - Roll Call

The analysis came before federal court decisions on tariffs last week and doesn’t account for potential changes to tariff policy.

Roll Call

CBO pegs 'big, beautiful' bill price tag at $2.4T - Roll Call

The House GOP budget bill would increase deficits and result in nearly 11 million individuals losing access to health insurance, CBO found.

Roll Call

Elon Musk is on a national debt crusade after slamming Trump's spending bill

Jamie Dimon, Warren Buffett, Ray Dalio, Jerome Powell—and now Elon Musk, are all sounding the alarm on America's national debt.

Fortune

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Trump issues travel ban barring US entry from 12 countries and signs order restricting student visas at Harvard – as it happened

Order also restricts entries from seven other countries, as separate proclamation bars students from obtaining visas to enter country to attend Harvard

The Guardian - US

Musk calls spending bill "disgusting"

Musk expressed his distaste with the GOP-led spending bill, which could raise the federal deficit by trillions

Salon

Elon Musk calls Trump’s ‘big, beautiful’ tax bill a ‘disgusting abomination’

The former head of Doge said the ‘outrageous’ tax bill would cause the deficit to grow to $2.5tn

The Guardian - US

Treasury head Scott Bessent says Jamie Dimon should relax about the bond markets: ‘For his entire career he’s made predictions…none of them have come true’

Rising interest rates on U.S. debt seem to back up Dimon’s concern about government spending, but the Treasury secretary says it’s not as bad as it seems.

Fortune

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Analysis: What went wrong at Red Bull before Max Verstappen clashed with George Russell

Max Verstappen’s deficit to Oscar Piastri nearly doubled in Barcelona. With three additional penalty points, he also faces the threat of a race ban. What has gone wrong? Here is a look at Verstappen’s clash with George Russell and Red Bull’s mistakes that preceded it.

Motorsport

A look at key flashpoints in the coming Senate reconciliation debate - Roll Call

A look at key flashpoints in the coming Senate reconciliation debate - Uncategorized

Roll Call

Analysis: What went wrong at Red Bull before the Verstappen-Russell clash

Autosport

Investors Follow Warren Buffett to Ramp Ultrashort Treasury Bets as Longer-Term Bills Face Volatility

Investors are piling cash into short-term US T-bills with stable yields as market jitters driven by tariffs and federal deficits affect the long end outlook.

International Business Times UK

Trump’s tax bill helps the rich, hurts the poor and adds trillions to the deficit

The ‘big, beautiful bill’ has reaffirmed that a pledged golden age is really just a windfall for the uber-wealthy

The Guardian - US

Elon Musk leaves a mess for Trump and Mike Johnson with DOGE exit

ANALYSIS: Analysis: Musk’s deficit comments give conservatives the political cover they’d need to defy Trump and the White House, writes John Bowden

The Independent UK

Trump Tries to Tame DOGE with 'Big, Beautiful Bill'—But the Court Says Musk Still Runs the Show

Elon Musk voiced disappointment with the 'One Big Beautiful Bill Act,' a Trump-backed Republican spending bill, citing its projected £2.8 trillion deficit increase by 2034.

International Business Times UK

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Roll Call

Checking the math on White House, GOP claims about ‘Big Beautiful Bill’ - Roll Call

Republicans say the 'big beautiful bill' will reduce the deficit, but economists say making the tax cuts permanent will do the opposite.

The Independent UK

F1 title gamechanger? Spanish GP awaits impact of new flexi-wing rule

McLaren’s advantage is substantial, but their rivals will hope a new regulation can narrow the deficit

The Guardian - AU

One Nation claims WA Senate seat – as it happened

This blog is now closed

AAP

Liberal debt to double, state companies face sell-off

A state government is hanging its hat on potential asset sales and a public sector "efficiency unit" as means to pay down ballooning budget debt.

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news in one place.

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Salon

Musk "disappointed" by GOP spending plan

In an interview released Tuesday night, Musk complained that the bill would increase the federal deficit

Fortune

Elon Musk says he's 'disappointed' in Trump's new spending bill because it 'undermines the work that the DOGE team is doing'

Musk says he is "disappointed" by Trump's "Big, Beautiful Bill," claiming it will undo all of the cost-cutting efficiencies brought in by DOGE.

The Guardian - US

Trump given 10 days to rescind all tariffs after block by US federal trade court - as it happened

Three-judge panel rules president exceeded authority granted to him by 1977 emergency powers law. This blog is now closed.

We Got This Covered

‘Higher than any other sustained stretch in U.S. history’: GOP bill threatens to make America two-thirds of global deficit problem

Another chapter in making America "great."

The Guardian - UK

The Guardian view on Trump’s ‘big beautiful bill’: reject the con of a class-war manifesto

Editorial: The Republican budget proposal is a gift to plutocrats. Democrats should clearly make the case for deficits to work for the people

The Conversation

What is modern monetary theory? An economist explains how it could help Canada

Few words spark more anxiety in public debate than “national debt” and “government deficit.” National debt is the total amount of money the government owes, accumulated over years of running deficits. Government deficit is when the government spends more money than it collects in taxes and other revenues.

Latin Times

Republican Senators Threaten To Derail Trump's 'Big, Beautiful' Bill: 'Would Explode The Debt'

Republican Sen. Rand Paul said Trump's spending and tax cut bill would "explode the debt." Ron Johnson said the bill won't pass "until the president gets serious about spending reduction and reducing the deficit."

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