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The Latest Breaking News from Deficit

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.

The Conversation

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.

Reason

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’

The Guardian - AU

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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 …

Fortune

‘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

The Guardian - UK

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.

Reason

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.

Barchart

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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…

Radio France Internationale

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 Guardian - UK

Two-thirds of England’s independent hospices report deficit

IN FULL

The Independent UK

Hospice cuts mean dying patients face inadequate care - report

Two thirds of hospices in England reported a financial deficit in 2023/24

The Independent UK

Dying patients facing cutbacks amid hospice ‘crisis’

Nearly two thirds of independent hospices reported a deficit in 2023/24.

The Independent UK

Trump’s One Big Beautiful Bill will push US debt levels beyond those of Greece or Italy, IMF forecast predicts

President’s allies say deficit is going down, but predictions for 2026 still range as high as $2.2 trillion

The Independent UK

Why is Washington acting like the U.S. is in a recession?

On paper, the economy is growing and unemployment is low. But federal government policymakers are behaving like there is an imminent crisis.

Fortune

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Autosport

Why Piastri was over half a second slower than Norris in F1 Mexico GP qualifying

McLaren team boss Andrea Stella has a theory to explain the pace deficit that Oscar Piastri himself has described as 'a mystery' – and it's not because something is wrong with his car

Motorsport

What does history tell us about Max Verstappen’s F1 title race turnaround?

Verstappen’s 64-point swing back into this year’s F1 title battle is impressive, but not unprecedented. Let’s look at what previously happened in Formula 1 history

Autosport

What history tells us about Verstappen’s F1 title race turnaround

Max Verstappen’s 64-point swing back into this year’s Formula 1 title battle is impressive, but not unprecedented. Let’s look at what previously happened in F1 history

Benzinga

US Debt Tops $38 Trillion Amid Shutdown, The Fastest Pace Since Pandemic

Amid the federal government shutdown, U.S. gross national debt surpassed $38 trillion as per Treasury data on Wednesday, raising concerns about the nation’s financial stability.

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The Guardian - UK

Reeves has mountain to climb in budget after borrowing rise

Public finances figures contain no shocks but will underline need for either hefty tax rises or spending cuts

The Guardian - UK

UK borrowing reaches five-year high for September at £20.2bn

Rising debt interest and welfare costs push public finances deeper into red before Rachel Reeves’s budget

Autosport

How Verstappen cut a 104-point F1 title deficit to Piastri to 40 in four races

After the summer break, the end of Max Verstappen's run of titles looked almost certain - but now, he's back in the game after cutting Oscar Piastri's lead down by 64 points in the past four races

Evening Standard

Max Verstappen cruises to United States Grand Prix victory to maintain pressure in battle for F1 championship

Verstappen has reduced the deficit to Piastri at the top of the F1 leaderboard

Radio France Internationale

France and the EU deficit limit

This week on The Sound Kitchen, you’ll hear the answer to the question about France’s budget deficit. There’s a lovely French poem, your answers to the bonus question on “The Listener’s Corner” with Paul Myers, and a perfect musical dessert from Erwan Rome on “Music from Erwan”. All that and…

The Independent UK

Political deadlock and spending on dual crises leaves French finances in disarray

France is a major industrial power, the world’s seventh-largest economy

International Business Times

US Budget Deficit Narrows Just Slightly Despite Tariff Revenues

The US budget deficit narrowed just slightly over the past year, official data showed Thursday -- despite a surge in customs revenues, which hit a record as President Donald Trump imposed wide-ranging tariffs since January.

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