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The Latest Breaking News from Deficit

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

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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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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.

Evening Standard

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.

Glasgow Live

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

Liverpool Echo

Scoop: Inside Biden's big deficit-cutting plan

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

Axios

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…

Evening Standard

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

The Independent UK

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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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Los Angeles Times

In State of the Union speech, a feisty Biden battles hecklers and calls for bipartisanship

WASHINGTON — A feisty and occasionally combative President Biden sparred with Republicans over his legislative record, the federal deficit and border security in a State of the Union address that began as an appeal for bipartisanship.

Wales Online

Man ate 10 slices of pizza a day for a month - and still lost weight

It was a challenge to highlight calorie-deficit diets

AAP

NSW deficit doubles, weighed by flood and pandemic

The NSW budget deficit has blown out, but Treasurer Matt Kean says Labor's plans will add further fuel to the inflation fire.

The Guardian - AU

Labor urged to halve $8bn a year in fuel tax credits for trucks and heavy vehicles

Reforming scheme would shrink budget deficit and help Australia hit net zero emissions by 2050, Grattan Institute says

ABC News

Norfolk Island residents concerned years without elected council could lead to lack of democracy

With no elected council or state member of parliament, and a federal MP 1,000 kilometres away, residents on this island say they are facing a democratic deficit.

Reason

Children Lost One-Third of a Year of Learning During the Pandemic, Analysis Finds

"The COVID-19 learning deficit is likely to affect children's life chances through their education and labour market prospects," the analysis' authors argue.

Bangkok Post

Finance Ministry keen on balanced budget

The Finance Ministry expects a more focused reform of both revenue collection and expenditure to achieve a balanced budget in the next decade, says the ministry's permanent secretary Krisada Chinavicharana.

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