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The Latest Breaking News from Deficit

The U.S. trade deficit: It’s time to dump do-it-yourself economics and go back to basics

The Trump admin and critics alike seem unaware of a key mechanism that governs the magnitude of a trade balance.

Fortune

Japan reports a $63 billion trade surplus with the US as it talks with Trump on tariffs

Japan recorded a trade deficit for the fiscal year that just ended but racked up a $63 billion surplus with the United States

The Independent UK

Closest a Team Has Ever Been to Coming Back from a 3-0 Deficit in NBA Playoff History

Can history be made during this year's NBA playoffs?

Sports Illustrated

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read the most diverse news in one place.

Champions League: Madrid target 'remontada' against Arsenal in fight to face PSG

Holders Real Madrid take on Arsenal on Wednesday night aiming for a remontada – Spanish football jargon for a comeback – to overturn a three-goal deficit and advance to a semi-final clash with Paris Saint-Germain.

Radio France Internationale

Rugby Australia posts $36.8m deficit amid wait for financial windfall to arrive

RA expects a commercial bonanza from British and Irish Lions tour after taking a hit from costs of running Waratahs, Brumbies and Rebels

The Guardian - AU

Serhou Guirassy hat-trick in vain as Barcelona hold on against Borussia Dortmund to reach semi-finals

Borussia Dortmund 3-1 Barcelona (3-5 agg.): A win on the night was not enough for the German side to overturn their first-leg deficit

The Independent UK

Carlo Ancelotti channels Carlos Alcaraz to inspire Real Madrid comeback against Arsenal

Los Blancos boss also insists failure to overturn sizable deficit in the Champions League quarter-finals won’t impact his position at the Bernabeu

Evening Standard

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UN trade agency urges US to exempt poorest countries from reciprocal tariffs

UN report says 28 of the 57 nations targeted by the Trump administration's now-paused tariffs each account for less than 0.1% of the US trade deficit.

Euronews

How Many Teams Have Come Back From 3–1 Deficits in the NBA Playoffs?

It's not easy, buit it can be—and has been—done.

Sports Illustrated

Trump’s tariffs: A simple illustrated guide to 15 economic terms to know

What do terms like tariffs, trade deficits, trade wars, bonds, and recession mean in simple language?

Al Jazeera

Can the EU really ramp up imports of US energy as Trump demands? - Analysis

Amid the chaotic lunges, feints and ripostes of his incipient trade war, Donald Trump has refloated the idea that Europe could close its trade deficit with the US by dramatically increasing imports of US energy.

Euronews

US budget deficit grows to $1.3 trillion, the second highest six-month level on record

The U.S. budget deficit has grown to more than $1.3 trillion in the first half of the fiscal year

The Independent UK

Why Verstappen fears "severe" tyre deg deficit to McLaren in Bahrain

Although Max Verstappen chalked up a decisive victory over the McLarens at last week's Japanese Grand Prix, he believes the higher-degradation properties of the Bahrain circuit will ensure Red Bull is in for a much tougher weekend.

Autosport

Olivia Munn mocks Trump’s ‘destructive’ tariff strategy in surprise Daily Show return

‘This is all to make up for Donald Trump’s enormous deficit of attention and love,’ Munn quipped

The Independent UK

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news in one place.

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The Independent UK

House passes budget framework in tense vote after Mike Johnson wins over conservatives

Speaking alongside Senate’s John Thune as holdouts balk over deficit spending, Johnson promises final budget will include steep cuts

The Independent UK

House Republicans scuttle MAGA budget vote after Mike Johnson fails to win over holdouts

House speaker comes up short ahead of vote to extend Trump tax cuts on the back of spending reductions

Roll Call

Budget vote postponed in House as GOP works to quell revolt - Roll Call

House GOP leaders punted on trying to adopt the Senate-revised budget blueprint Wednesday after a long day of negotiations.

AAP

Sydney FC sunk by Sailors in first leg of ACL2 semi

Sydney FC will need to overcome a two-goal deficit in the second leg of their ACL2 semi-final after losing 2-0 to Lion City Sailors in Wednesday's first leg

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news in one place.

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Sports Illustrated

Bucks Erase 24-Point Fourth Quarter Deficit for Shocking Win vs. Timberwolves

The Milwaukee Bucks stun the Minnesota Timberwolves by overcoming 24-point deficit in fourth quarter.

The Independent UK

‘I have a deficit at my grocery store’: Senator Rand Paul mocks Trump’s odd trade views

Paul calls trades ‘mutally beneficial,’ adding: ‘If you want to sell me your coat and I give your $200 for it, we both agree to it and we’re both happy with the trade.’

Al Jazeera

Penguins, vaccines: Can negotiations save Trump’s oddest tariff targets?

Barely inhabited islands, countries the US enjoys a trade surplus with, and a tariff formula that isn’t about tariffs.

Euronews

French trade deficit increases in February as transport exports lag

France’s imports advanced in February, boosted by communication and publishing products. However, transport and refined petroleum product exports fell.

The Conversation

Demand-centric labor-intensive industries may help our shrinking middle class

Indonesia’s current account deficit pressures the middle class, forcing them to use their savings. The rupiah’s volatility has increased import costs, reducing household expenditure. Additionally, 81,290 layoffs between 2024 and 2025 and a significant decrease in middle class spending, from 21.45% in 2019 to 17.13% in 2024, paint a bleak…

Sports Illustrated

Florida Overcomes 12-Point Deficit vs. Houston for First NCAA Championship Since 2007

The Gators are national champions after a thriller in San Antonio.

Fortune

Trump’s tariff formula ‘was rigged’ to get higher rates— and it used the wrong value for one of its variables, conservative think tank says

“What’s driving the policy is that since the 1980s Trump has been a protectionist, and he thinks trade deficits are losses and trade surpluses are profits,” AEI’s Stan Veuger told Fortune.

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