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The Latest Breaking News from Deficit

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

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

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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

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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

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

The Independent UK

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.

Al Jazeera

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

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

Evening Standard

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?

Sports Lens

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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…

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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.

Kiplinger

Stock Market Today: Stocks Slip for a Second Straight Day

Solid earnings but mixed guidance amid more tariff uncertainty have markets searching for direction.

Barchart

Dollar Falls and Gold Soars on US Trade Uncertainty

The dollar index (DXY00 ) Tuesday fell by -0.57%. The dollar was under pressure Tuesday because of concerns that US trade policies will lead to economic stagflation. Losses in the dollar accelerated after the US Mar trade deficit widened to a record high, a bearish factor for Q1 GDP. The...

The Independent UK

US trade deficit hits record high as businesses, consumers try to get ahead of Trump tariffs

The U.S. trade deficit soared to a monthly record of $140.5 billion in March, signaling a rush for imports from businesses and consumers alike ahead of President Donald Trump’s latest — and most sweeping — tariffs taking effect

Barchart

Dollar Under Pressure and Gold Soars from US Trade Policies

The dollar index (DXY00 ) today is down by -0.49%. The dollar is under pressure today because of concerns that US trade policies will lead to economic stagflation. Losses in the dollar accelerated after the US Mar trade deficit widened to a record high, a bearish factor for Q1 GDP....

International Business Times

US Trade Deficit Hit Fresh Record Before New Trump Tariffs

The US trade deficit reached a new record in March, according to fresh government data published Tuesday, as imports surged ahead of President Donald Trump's "liberation day" tariff rollout.

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