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The Latest Breaking News from Deficit

DOGE cuts did nothing to reduce federal deficit, admits team lead

One of the DOGE officials leading Elon Musk’s DEI purge of US government departments says he does not regret costing people their incomes despite it having no effect on the federal deficit.

The Independent UK

How close is Ferrari to Mercedes? We dig into the data from F1’s Chinese GP

Strong starts and close battles have defined Ferrari’s beginning to the season, but the data from China raises questions: could Mercedes actually be more dominant than ever?

Motorsport

How to Watch Chelsea vs. PSG on TV, Live Stream

The Premier League side have a three-goal deficit to make up in west London.

Sports Illustrated

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‘This is the way’: Elon Musk endorses Warren Buffett’s famed 5-minute plan to fix the national debt

The richest man in the world joins prominent financial leaders in supporting a plan to lower the deficit to 3% of GDP.

Fortune

Chelsea vs Paris Saint-Germain prediction: Champions League betting tips & odds

Read the latest odds and tips as Liam Rosenior’s side look to overturn a three-goal deficit in the Champions League round of 16

The Independent UK

How to watch Chelsea vs PSG: TV channel and live stream for Champions League today

Blues looking to overcome three-goal aggregate deficit in second-leg

Evening Standard

‘No, we didn’t’: DOGE staffers admit Elon Musk’s cost-cutting agency failed to reduce the federal deficit

At DOGE’s inception, Musk claimed the advisory could slash $2 trillion from the U.S. federal budget.

Fortune

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Man City vs Real Madrid: Prediction, kick-off time, team news, TV, live stream, h2h results, odds today

Mission impossible as Man City look to overturn heavy first leg deficit

Evening Standard

Pep Guardiola: Manchester City must produce ‘perfect game’ to turn around Real Madrid tie

Guardiola’s side face a 3-0 deficit entering the second leg of their Champions League round of 16 clash

The Independent UK

EU-US trade remains strong despite tariff pressure, study finds

Despite trade tensions, US–EU goods trade hit a record $1.05 trillion in 2025, while the US goods deficit with the bloc fell just 7%, a study by the American Chamber of Commerce to the EU found.

Euronews

Another Wave of Faculty and Program Cuts Is Hitting American Universities. Here's Who's Cutting What — and Why It Won't Stop.

Beneath the enrollment and state-funding storylines runs a third and increasingly consequential cause: the Trump administration's sweeping cuts to federal research funding.

International Business Times

McLaren lacking aerodynamic load and efficiency as it learns Mercedes F1 engine

McLaren team boss Andrea Stella says most of his Formula 1 team's deficit to Mercedes is down to the cars' aerodynamics

Motorsport

Tax the Rich All You Want. It Won't Fix the Deficit.

The problem is not that the government collects too little. It's that the government spends too much.

Reason

NHS trusts facing difficult decisions amid ‘perilous’ financial situation

IN FULL

The Independent UK

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news in one place.

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The Independent UK

NHS financial crisis deepens as trusts report £780 million deficit

The situation is forcing health leaders to make ‘increasingly difficult choices’

The Guardian - UK

‘Difficult to lift our mindset’: Guardiola admits City have little chance of progress

Pep Guardiola is not optimistic that Manchester City will overturn a 3-0 deficit in the second leg of their Champions League tie with Real Madrid

Fortune

The $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up

“The consistent pattern of deficit spending that has been the norm in the United States for many years has driven up costs for families."

Reason

Trump's New Tariff Plan Still Asserts a Crisis That Does Not Exist

The president’s invocation of Section 122 conflates a trade deficit with a balance-of-payments deficit.

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Saving Advice

Colorado Emergency Session: Lawmakers Scramble to Close a $750 Million Budget Hole

When state governments suddenly face massive budget gaps, the decisions that follow can affect everything from healthcare programs to taxes and public services. That’s exactly...

Fortune

The U.S. borrowed $50 billion a week for the past five months, finds the CBO: 'Our fiscal problems will not solve themselves'

"We need policymakers to come together, agree to reduce deficits ... and put our national debt on a downward sustainable path as a share of the economy."

Sports Illustrated

Why Victor Wembanyama Was So Emotional After Spurs’ Dramatic Comeback Win Over Clippers

San Antonio came back from a whopping 25-point deficit Friday to secure the team’s 14th win in the past 15 games, which choked up Victor Wembanyama.

Fortune

CBO highlights the good news in Trump’s lost tariff revenue hiking the deficit by $2 trillion: Lower inflation and unemployment—and higher GDP

In the past year, tariffs were, at least partly, responsible for 166,000 lost blue-collar jobs and $1,700 in annual increased costs for American households.

Motorsport

Long-run shock in Australia: George Russell and Mercedes tear the competition apart

While Ferrari and McLaren topped the times in Friday practice, it’s Mercedes that could be the team to beat come Sunday, here’s why

Fortune

Trump touts tariffs as a budget fix. But the brutal truth is ‘they’re very weak’ and barely dent the $39 trillion national debt

An international tax policy expert told Fortune any form of tariff fails to “move the needle one way or the other.”

Roll Call

Democratic attorneys general challenge Trump's newest tariffs

A group of Democratic attorneys general filed a lawsuit Thursday challenging the tariffs President Donald Trump adopted last month.

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