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The Latest Breaking News from Deficit

Trump Said Tariffs Would Reduce the Trade Deficit. Instead, It Hit a Record High in 2025.

It's a good thing that trade deficits aren't actually a national emergency.

Reason

U.S. trade deficit slipped to $901 billion last year amid Trump tariffs

The U.S. trade deficit slipped modestly in 2025, a year in which President Donald Trump upended global commerce by slapping double digit tariffs on imports from most countries

The Independent UK

Mamdani To Increase NYC Property Taxes by 9.5 Percent To Balance Budget if Income Taxes Are Not Raised

So much for "the warmth of collectivism."

Reason

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read the most diverse news in one place.

PSG boss Enrique hails return from 'catastrophe' at Monaco

Paris Saint-Germain head coach Luis Enrique on Wednesday paid tribute to his side's mental strength after they overturned a two-goal deficit against Monaco to win 3-2 at the Stade Louis II.

Radio France Internationale

Romanian finance minister backs Eurobonds and 'Made in Europe' in competitiveness drive

Minister Alexandru Nazare also supports the more controversial E6 club of economic heavyweights, saying if it succeeds, it's a "good thing" for Europe.

Euronews

National Gallery to make major cuts in effort to stem ballooning deficit

Move could mean fewer free exhibitions and paid-for shows and more expensive tickets

The Guardian - UK

‘Nothing short of self-sabotage’: Watchdog warns about national debt setting new record in just 4 years

“Our nation’s deficits, debt, interest payments, and trust funds are all in terrible shape,” says Maya MacGuineas, president of the CRFB.

Fortune

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‘The fiscal trajectory is not sustainable’: CBO warns about the highest debt in U.S. history as Trump adds $1.4 trillion to 10-year deficit

The national debt is set to surpass the historic high of 106% of GDP (which it reached in 1946) by 2030, according to the CBO.

Fortune

CBO: Federal deficits and debt to worsen over next decade

The Congressional Budget Office projects worsening federal deficits and rising debt over the next decade, driven by increased spending on Social Security, Medicare, and debt service payments

The Independent UK

Norway's Jens Luraas Oftebro overcomes time deficit to win gold in Nordic combined

Jens Luraas Oftebro of Norway has won the gold medal in the Nordic combined normal hill competition

The Independent UK

'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

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

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The Conversation

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 Independent UK

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 Guardian - 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

Fortune

'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.

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news in one place.

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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).

Reason

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.

Fortune

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.

We Got This Covered

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

We were warned!

Barchart

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...

International Business Times UK

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

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.

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