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The Latest Breaking News from Deficit

Almost half of England’s councils ‘could face bankruptcy over £4.6bn deficit’

Damning National Audit Office report says action is needed to address deficit accumulated under Tory-era policy

The Guardian - UK

University of Edinburgh warns of staff cuts as it faces £140m financial deficit

Vice-chancellor says large-scale savings are needed but union says university should instead use its wealth

The Guardian - UK

Why Donald Trump is a relentless bullshitter

There have been many questions raised about the intentions behind Donald Trump’s spate of radical public statements about Canada, in which he claims trade deficits amount to subsidies, massive amounts of fentanyl are flowing across the border and the country should become the 51st American state, among other things.

The Conversation

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

The House GOP Budget Blueprint Promises More Borrowing, More Debt, and Not Enough Spending Cuts

"If the Republican budget passes, the deficit gets worse, not better," says Rep. Thomas Massie. He's right.

Reason

How the US spends taxpayer money as Musk-led DOGE seeks cuts

Raising taxes could help reduce deficit, but Trump’s tax cut pledge will make Musk’s aim to slash $1 trillion difficult.

Al Jazeera

Scottish university to face 15 days of strike action over job cuts and £30m deficit

Lecturers and other staff at the University of Dundee are beginning 15 days of strike action over a potential £30 million deficit and the threat of…

The National (Scotland)

Forensic science centre that inspired BBC show Traces at risk of closure

All 24 jobs at Dundee University’s Leverhulme research centre could be axed because of £30m budget deficit

The Guardian - UK

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Well-off Hong Kong Daunted By Record Deficits

Hong Kong is facing its toughest fiscal test in three decades following a painful run of mammoth deficits, with experts urging the government to make careful cuts as the economy wobbles.

International Business Times

Arsenal title bid rocked by West Ham, Manchester United rescue Everton draw

NEW DELHI: West Ham's unexpected 1-0 victory over the 10-man Gunners dealt a serious damage to Arsenal's hopes of winning the Premier League, while struggling Manchester United overcame a two-goal deficit to draw 2-2 at Everton on Saturday.

The Times of India

Will Trump’s tariffs boost the US economy? Don’t count on it

It’s hard to keep up with all the tariff announcements coming out of Washington. On February 1, the US president, Donald Trump, announced the introduction of 25% tariffs on most imported goods from Canada and Mexico, and an additional 10% levy on goods from China. The tariffs against Canada and…

The Conversation

Japan's exports and imports grew in January, as tariff worries loom

Japan has recorded a trade deficit of 2.76 trillion yen, or $18 billion, in January, as worries continue to grow about impending tariffs from the administration of U.S. President Donald Trump

The Independent UK

Trump’s lurking assault on Canada rests on endless lies and irrational populism

United States President Donald Trump has temporarily put his trade war against Canada and Mexico on hold after vowing to slap 25 per cent tariffs on most Canadian and Mexican imports, although he’s imposed tariffs on all steel and aluminum, including from Canada.

The Conversation

EU consumers don’t trust US goods: a look into Trump’s trade deficit claims

The US-EU trade war is gathering pace. Following the imposition of 25% US import tariffs on steel and aluminium from March 12, President Trump has announced further plans to introduce “reciprocal” tariffs on all countries on or after April 1. This means that the US would match other countries’ import…

The Conversation

Phoenix rise from the ashes to book NBL Playoffs spot

South East Melbourne erased a 20-point deficit against Adelaide to book their spot in the NBL Playoffs with an 85-75 win at John Cain Arena.

AAP

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Fortune

Trump tariffs: U.S. blames the VAT for Europe trade deficit

A value-added tax is not a tariff, but Trump blames it for America’s trade deficit with the European Union.

The Conversation

In the struggle to get Britain working, the long shadow of austerity could be part of the problem

Austerity is an unusual economic concept. While it is one of the economic terms that attracts the most interest from the public, it remains controversial in policy debates. Advocates argue that reducing government deficits through spending cuts and tax increases restores confidence and stabilises economies. Critics, however, warn that these…

The Independent UK

Why Arsenal can take hope from history: A look at the Premier League’s biggest point chases

Liverpool opened up a nine-point gap at the top with their win over Everton – so what hope can Arsenal have of catching the Reds?

Roll Call

GOP budget framework gets over initial hurdle in House - Roll Call

The House Budget Committee approved a fiscal framework that inches Republicans closer to their prized “big, beautiful” reconciliation bill.

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news in one place.

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Fortune

Billionaire Ray Dalio warns America faces ‘economic heart attack’ if it doesn’t radically reduce U.S. fiscal deficit

The U.S. must slash its deficit to 3% from an expected 7.5% before the president’s second term in office ends, otherwise a death spiral will likely ensue.

Barchart

West African Crop Concerns Underpin Cocoa Prices

March ICE NY cocoa (CCH25 ) today is up +397 (+3.97%), and March ICE London cocoa #7 (CAH25 ) is up +175 (+2.19%). Cocoa prices today are sharply higher on West African cocoa crop concerns. Cocoa farmers in the Ivory Coast and Ghana, the world's two biggest cocoa-producing countries, said...

Reason

Elon Musk Implausibly Claims 'Competence and Caring' Can Cut the Federal Budget Deficit in Half

The DOGE director wildly exaggerates what can be accomplished by tackling "waste, fraud, and abuse" in government spending without new legislation.

Barchart

Dollar Strength Sparks Long Liquidation in Cocoa Futures

March ICE NY cocoa (CCH25 ) Wednesday closed down -125 (-1.23%), and March ICE London cocoa #7 (CAH25 ) closed down -55 (-0.68%). Cocoa prices Wednesday gave up an early advance and posted moderate losses after a rally in the dollar index (DXY00 ) to a 1-week high sparked long...

Barchart

Dollar Strength Weighs on Cocoa Prices

March ICE NY cocoa (CCH25 ) today is down -69 (-0.68%), and March ICE London cocoa #7 (CAH25 ) is down -2 (-0.02%). Cocoa prices today gave up an early advance and fell moderately after a rally in the dollar index (DXY00 ) to a 1-week high sparked long liquidation...

International Business Times

US Trade Deficits At Core Of Trump Tariff Moves

Imposing punitive tariffs on countries with high trade surpluses with the United States has been at the heart of US President Donald Trump's economic policy.

Roll Call

House budget blueprint ready for close-up amid GOP 'angst' - Roll Call

Lawmakers made clear that the resolution will likely undergo rewrites at the Budget Committee as Republicans continue to seek consensus.

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