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The Latest Breaking News from Deficit

'Didn’t really like the way she talked': How a phone call from Swiss leader led Trump to raise tariffs to 39%

President Trump revealed a phone call with Swiss leader Karin Keller-Sutter, whom he mistakenly called Prime Minister, prompted a tariff hike on Swiss imports. Despite her arguments about Switzerland's small size, Trump increased tariffs to 39% due to a $42 billion trade deficit, believing Switzerland had been "ripping us off."

The Times of India

Immigration Massively Reduces Budget Deficits

A new Cato Institute study provides the most comprehensive analysis of this issue to date.

Reason

Scottie Scheffler Bounces Back at WM Phoenix Open to Keep PGA Tour-Best Streak Alive

Scheffler, despite an opening 73, sits seven strokes off the lead after 36 holes. However, the world No. 1 has turned a large deficit into a win before at TPC Scottsdale.

Sports Illustrated

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Rising Send costs will ‘bankrupt’ four in five English local authorities, leaders say

Councils call on ministers to write off special educational needs and disability deficits that are predicted to reach £14bn in 2028

The Guardian - UK

More GPs will be able to diagnose and treat ADHD – and experts say it’s a positive step

The Victorian government has announced it will train 150 GPs to diagnose and start treatment for attention deficit hyperactivity disorder (ADHD) in adults and children.

The Conversation

Liam Rosenior hits back at stinging Chelsea criticism from ‘flabbergasted’ Paul Merson

Chelsea took a conservative approach to recovering from a 3-2 deficit in their Carabao Cup semi-final second leg, one which did not pay off

The Independent UK

Zero net migration would shrink UK economy by 3.6%, says thinktank

Jump of £37bn in budget deficit by 2040 would force government to increase taxes, NIESR predicts

The Guardian - UK

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'Immigrants are subsidizing the U.S. government': how the undocumented actually shrank the deficit by $14.5 trillion over 3 decades

Cato Institute ran the math and found that without immigrants' contributions, the national debt would be a third higher than today's $38 trillion.

Fortune

President Trump just missed a key deadline to share his spending plans: Fears are mounting about what that means for $38.5 trillion national debt

“We won’t be able to fix the debt without touching Social Security, Medicare, defense, or revenue—the math just doesn’t work. And we can’t count on heroic growth rates or crashing interest rates,” said Maya MacGuineas, president of the Committee for a Responsible Federal Budget (CRFB).

Fortune

Trump Claims His Tariffs Have 'Brought America Back.' Here Are 3 Things He Got Wrong.

The president's article in The Wall Street Journal is wildly misleading.

Reason

Kevin Warsh will inherit a challenge no Fed chief has faced since post-World War II

Debt and deficits will put Kevin Warsh under great pressure to keep interest rates low and rely on short term borrowing. But long term that will have serious consequences.

Fortune

Donald Trump’s trade strategy crumbles as the deficit rebounds 95%, AKA his economic policy is a disaster

We were warned!

We Got This Covered

Dollar Pressured by US Government Shutdown Concerns

The dollar index (DXY00 ) on Thursday fell by -0.14%. The dollar moved lower on Thursday amid concerns about a potential US government shutdown this weekend, and renewed US-Iran tensions are weighing on the dollar. Also, Thursday’s news showing the US Nov trade deficit rose more than expected to a...

Barchart

Gold Hits $5,100 Milestone as Silver Price Today Sparks Fears of Market Overextension

Gold and silver reach historic highs in January 2026, driven by a 'debasement trade,' central bank buying, and a sixth year of silver supply deficits

International Business Times UK

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Fortune

Trump's own Big Beautiful Bill could add $5.5 trillion to the deficit and sabotage his plan to 'grow out' of the national debt crisis

Prior to the passage of the One Big Beautiful Bill, Trump’s “growth” math stood a chance of closing the gap. Now it’s much harder to see it working.

Motorsport

Aging Lexus “at ceiling” as 1.5s deficit shows at Rolex 24

Kyle Kirkwood still believes in the aging Lexus, but is bracing for a tough weekend at Daytona

The Conversation

Brain device for ADHD shows no benefit in major UK trial

Diagnoses of attention deficit hyperactivity disorder (ADHD) are rising rapidly in the UK. More children and teenagers than ever are being referred for assessment and support, and families are often facing long waits and limited options once a diagnosis is made. Schools, health services and parents are all under growing…

Medical Daily

The Invisible Deficit: How Dr. Kate Mihevc Edwards Is Changing the Way Athletes Understand Burnout, Injury, and Fuel

For years, the modern endurance athlete has been taught to interpret struggle as virtue. Dr. Kate Mihevc Edwards, founder of Precision Performance and Physical Therapy and RunSource, has spent her career gently but persistently questioning that narrative.

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The Independent UK

Japan records a 5th straight yearly trade deficit

Japan has reported it posted a trade deficit for the fifth straight year in 2025 as exports were hit by President Donald Trump’s tariffs and a diplomatic rift with neighboring China

The Independent UK

Emma Raducanu’s Australian Open campaign ends with error-strewn loss to Potapova

Emma Raducanu exited the Australian Open in the second round, losing 7-6 (3) 6-2 to Anastasia Potapova. The British number one had been aiming for a third-round clash with world number one Aryna Sabalenka but was unable to maintain her early lead. Raducanu's performance was impacted by a pre-season foot…

International Business Times UK

OpenAI Faces $14 Billion Deficit as Infrastructure Bills Spark Severe Bankruptcy Risk

Reports warn OpenAI may lose £11.2B ($14B) in 2026 from rising compute costs, with analysts predicting bankruptcy by 2027 despite Altman's revenue growth claims.

The Guardian - UK

Emma Raducanu recovers from slow start to ease through at Australian Open

Emma Raducanu rallied impressively from a slow start and early deficit to open her Australian Open with a solid victory

AAP

ADHD treatment bottleneck as GPs race to play catch-up

Queensland leads the nation in expanding access to Attention Deficit Hyperactivity Disorder treatment, but doctors are struggling to keep up with demand.

Fortune

Deficits boost U.S. debt but also inflate corporate profits and stocks, so reducing red ink could trigger a financial crisis, analysts warn

"In the financialized U.S. economy, each dollar of deficit spending may flow into a dollar of corporate profit."

The Guardian - UK

Emma Raducanu recovers in Hobart to post first win in over three months

Emma Raducanu offered an impressive demonstration of her resilience at the Hobart International as she rallied back from an overnight second-set deficit

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