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The Latest Breaking News from Deficit

The 'Emergency' That Demanded Huge Tariffs on Swiss Imports Is Now Over. So What Was the Emergency?

Trump's decision to reduce the tariffs on Swiss goods came just days after a Swiss delegation lavished the president with a variety of expensive gifts.

Reason

Sugar Prices Fall on ISO's Forecast for a Sugar Surplus

March NY world sugar #11 (SBH26 ) today is down -0.16 (-1.07%), and March London ICE white sugar #5 (SWH26 ) is down -7.70 (-1.81%). Sugar prices are lower after the International Sugar Organization (ISO) today forecast a 1.625 million MT surplus in 2025-26, following a 2.916 million MT deficit...

Barchart

Can Klingbeil Fix Germany's €87B China Trade Crisis in Beijing?

Germany faces a record €87bn trade deficit with China, signalling a deepening crisis for its auto industry as geopolitical tensions and competition intensify.

International Business Times UK

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Trump Unveils $200 Billion Trade Deal With Switzerland And Liechtenstein To Cull $38.5 Billion US Goods Deficit By 2028

President Donald Trump announced a framework for a trade deal with Switzerland and Liechtenstein on Friday, aiming to eliminate the $38.5 billion goods trade deficit by 2028 and securing pledges for at least $200 billion in U.S. investment.

Benzinga

Portland State Illegally Fired 10 Professors — Arbitrator Orders University to Give Them Their Jobs Back

Independent arbitrator ruled November 6 that Portland State University violated faculty union contract when laying off 10 non-tenure-track professors to close $18 million deficit. PSU must restore jobs and make faculty "whole." University saved $12.3 million from cuts but now faces second labor violation in two months, with $35 million…

International Business Times

France's National Assembly overwhelmingly votes to suspend controversial pension reform

Some of France's European partners have been watching the political turmoil closely as the country struggles to rein in a budget deficit which has become the largest in the euro zone.

Euronews

Could exercising while losing weight preserve your muscles and help keep them ‘young’?

When we lose weight, we don’t just lose body fat – we lose muscle, too.

The Conversation

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Thousands march through Bucharest in protest against austerity measures

The rally was organised by the National Trade Union Bloc, made up of dozens of professional federations and comes as Romania’s government pursues measures to reduce the budget deficit.

Euronews

Thousands protest in Romania's capital against government austerity measures

Thousands of protesters have marched in Romania’s capital demanding higher wages and measures to curb inflation as the government pursues austerity measures to tackle the large budget deficit

The Independent UK

Tariff Stimulus Checks Are an Unserious Idea

Trump is living in a fiscal fantasy land.

Reason

Trump's Tariff Revenue Inadequate To Cover His $2,000 Dividend Plan, Warns Tax Expert: 'No Leftover...'

President Donald Trump expressed support for providing Americans with $2,000 in tariff dividend checks, though experts note that the source of funding for the plan remains unclear.

Benzinga

How a potential F1 Brazil GP pole got away from Leclerc – and Antonelli

Lando Norris learned from a first-corner blunder on his first Q3 run to take pole position in Sao Paulo – but both Charles Leclerc and Andrea Kimi Antonelli clawed back time from him, and the Ferrari was briefly ahead

Autosport

Carney survives two confidence votes on budget, quashing fears of winter election

Minority government benefitted from opposition members voting across the aisle, paving way for billions in spending

The Guardian - US

Why Porsche hasn't given up on the WEC titles despite its Bahrain longshot

Porsche is confident it can fight for both World Endurance Championship titles at the Bahrain finale despite a significant points deficit to overhaul and an unfavourable Balance of Performance. Here's how the championship picture is framed going into this weekend

Autosport

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Benzinga

Canada 'Abandons Market Economics' With A New Critical Minerals Budget

Canada’s 2025 federal budget commits billions to expanding the mining sector even as the government projects a 78.3 billion Canadian dollar ($55.3 billion) deficit for the fiscal year ending March 31. The plan includes major funding and tax incentives aimed at positioning the country as a leading global supplier of…

The Conversation

Three reasons why so many economists disagree with Donald Trump’s tariffs

Tariffs on imports have been at the heart of Donald Trump’s economic policy since the start of his second term in the White House. And while the president believes that tariffs will be beneficial to the US economy, many eminent economists disagree. Here are three reasons why.

Reason

Trump's Economic Fallacies Are Legally Relevant in His Tariff Case

Trade deficits are not a "national emergency," and the president's import taxes won’t reduce them.

The Guardian - AU

Canada budget adds tens of billions to deficit as Carney spends to dampen Trump tariffs effect

Budget envisions significant increase in defence spending, cuts to civil service and ‘generational investments’

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Fortune

Trump’s tariff revenue is soaring off a ‘significant increase,’ budget watchdog says—but the $38 trillion national debt still looms

Despite this surge in tariff revenue, the deficit still totaled $1.8 trillion, or roughly 6% of GDP. And if the Supreme Court strikes the tariffs down …

The Guardian - UK

‘We don’t have enough to eat, to live’: how Milei’s ‘chainsaw’ cuts are driving homelessness in Argentina

Those hit hard by far-right leader’s zero-deficit policies fear worse to come after his election win

Reason

In Tariff Case, Trump's Attorneys Can't Decide if Foreign Investment Is Good or Bad for America

The administration's legal brief reveals a critical contradiction in Trump's trade policies.

Barchart

5-Year Deficit, October Bottoms, Q4 Rockets: Silver's Calendar Is Laughing at Bears

5-Year seasonal & correlations: 95% to 1979, 85% to 2009, 84% to 2010—article reveals 30-day upside possible. You fading three bull-market ghosts? Study the chart or pay the tuition.

Radio France Internationale

French lawmakers haggle over tax on ultra-rich

As France's parliament enters the final days of trying to agree on a belt-tightening budget for 2026, lawmakers are voting Friday on a wealth tax that left-wingers say will help reduce the country’s €44 billion debt pile and budget deficit. The government, meanwhile, is defending an alternative to such a…

The Guardian - UK

Hundreds of hospice beds and staff cut in England amid funding crisis

National Audit Office reports nearly two-thirds of independent hospices in deficit in 2023-24 as demand increases

The Independent UK

Two-thirds of England’s independent hospices report deficit

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