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The Latest Breaking News from Deficit

Malaysia helps poor, raises taxes for rich in 2023 budget

Malaysia will raise development spending and plans new taxes for the wealthy in a smaller budget plan this year, as the new government seeks to balance between spurring economic growth and reining in the budget deficit

The Independent UK

Shannon’s surge rallies Illinois past No. 21 Northwestern

Terrence Shannon Jr. shook off a slow start in his return from a concussion, scoring 24 of his 26 points in the second half as Illinois rallied from an 18-point halftime deficit to win 66-62.

Chicago Sun-Times

How Sri Lanka sleepwalked over a debt cliff

The issues that led Sri Lanka to become an economic basket case in 2022 serve as a warning for other nations.

360info

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Commentary: On the debt limit fight, it’s time to end business as usual

President Joe Biden has called for an increase in the debt ceiling. To avoid another fight with Congress on the issue ahead of the 2024 elections, he would need lawmakers to boost the current ceiling by roughly $2.5 trillion. This would allow for total debt of about $34 trillion, or…

Tribune News Service

Pritzker steers Illinois toward a true balanced budget

The deficit at the end of the coming fiscal year is said to be the lowest “in nominal, non-inflation-adjusted dollars that it has been in 25 years.” Not bad.

Chicago Sun-Times

Liverpool can cancel entire Champions League points deficit in game-changing week of fixtures

Liverpool are currently nine points off the Champions League places but could be about to cancel out that deficit by March 1

Liverpool Echo

How to solve the U.S.'s deficit problem

It's time for shared sacrifice—so don't hold your breath.

Fortune

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Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall

Russia's finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) in 2023, despite towering spending and slumping energy revenues contributing to a huge shortfall in January.

Reuters

Joe Cole ignores Kylian Mbappe and Lionel Messi as he picks key PSG duo in Bayern rematch

Paris Saint-Germain lost the first leg of their Champions League last 16 tie to Bayern Munich on Tuesday and now have a 1-0 deficit to overturn at the Allianz Arena in Munich next month

Daily Mirror

Protocol deal must address ‘democratic deficit’ in NI, DUP MP insists

Sinn Fein’s Michelle O’Neill said the DUP had to stop holding people in Northern Ireland ‘to ransom’.

The Independent UK

Tottenham narrow favourites to keep Champions League dream alive despite AC Milan deficit

Spurs must improve but plenty of reasons to feel cautiously optimistic

Evening Standard

White House: GOP plans would drive deficits up $3 trillion

President Joe Biden plans to go on the offensive against Republicans by saying their policies would add $3 trillion to the national debt

The Independent UK

PSG Coach Galtier Sees Hope of Turning around Bayern Deficit

Paris Saint-Germain coach Christophe Galtier said he was hopeful his side could still qualify for the quarter-finals of the Champions League despite losing 1-0 at home to Bayern Munich in the first leg of their last 16 tie on Tuesday. "It might seem a banal thing to say but tonight…

Asharq Al-Awsat

Luke DeCock: Coach K makes his Cameron return — as a fan, to help honor Mike Brey

DURHAM, N.C. — The day was surely going to come, eventually. Mike Krzyzewski couldn’t stay away forever. Not from Duke basketball. And not from Cameron Indoor Stadium.

Tribune News Service

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Evening Standard

Tottenham have a star in Pape Matar Sarr as older heads continue to underwhelm

Tottenham will have to overturn a 1-0 deficit against AC Milan to reach the Champions League quarter-final but a 1-0 defeat in the last-16 first leg could not be blamed on their rookie midfield of Oliver Skipp and Pape Matar Sarr.

Glasgow Live

Glasgow unions demand 'no cuts' budget amid fears over £100million council cash crisis

Glasgow's deficit is at an estimated £100 million - the largest Glasgow has ever faced. Unions are calling on the council not to deliver further cuts when the budget is announced.

Liverpool Echo

Son of former Premier League star scores brace as Liverpool come from behind in six-goal thriller

A last-minute penalty ensured Liverpool U18s took home a share of the spoils against Derby County

Axios

Scoop: Inside Biden's big deficit-cutting plan

He'll focus on boosting revenue, not just spending cuts.

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Evening Standard

We’re in a laughter deficit — here’s how to get your fix of the good stuff

When was the last time you laughed? I don’t mean that little giggle you do to fill awkward silences or polite semi-chuckle to make your boss feel better about his Prince Harry impression. I mean really, properly, howl-out-loud belly-laughed, to the point where your abs ache and you have to…

The Independent UK

State of the Union: Five contentious claims from Joe Biden’s speech

President heckled as a ‘liar’ during speech to Congress but had clearly done his homework

The Independent UK

Chelsea revealed as €2bn traders in last five years of player market

The Stamford Bridge club have a deficit spend of £666m during that time

Daily Mirror

Made In Chelsea's Sam Thompson tested for disorder in groundbreaking documentary

Reality TV star Sam Thompson will discover whether or not he has Attention Deficit Hyperactivity Disorder in a brand-new E4 documentary after his nearest and dearest insist he has always 'exhibited signs' of the condition

Axios

Russia's budget deficit explodes as latest sanctions bite

The financial pressure on Russia appears to be building.

France 24

Confident Biden highlights strength of US economy in State of the Union speech

In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes…

Los Angeles Times

In State of the Union, a feisty Biden calls for bipartisanship

WASHINGTON — In a State of the Union address that began as a bipartisan appeal, President Biden appeared combative and feisty at times as he sparred with Republicans over his legislative record, the federal deficit and border security.

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