The Latest Breaking News from Deficit

Arthur Laffer, the Reagan-era guru of trickle-down economics, was unchastened by the deficit explosion back then, which effectively disproved his theory that cutting taxes on the rich would increase government tax revenue. According to a recent Washington Post writeup, Laffer continues to be unchastened now, even as Britain reels from…

PHILADELPHIA — For the 10th time, the Flyers found themselves facing a two-goal deficit. For the eighth time, they failed to find a way to come back, falling 5-2 to the Calgary Flames on Monday at the Wells Fargo Center.

Considering what the Chiefs conjured with 13 seconds left against Buffalo last postseason, and any number of other tales to astonish from the Mahomes Era, staring at a four-point deficit with 1 minute, 46 seconds left against the Chargers on Sunday night at SoFi Stadium might have seemed like ho-hum…

Children in Uganda missed out on more school because of the COVID pandemic than their peers anywhere else in the world. An estimated 15 million pupils in the East African nation did not attend school for 83 weeks – that’s almost two years. Statistical models predict a learning deficit of…

The Philadelphia Eagles showed grit in overcoming a ten-point deficit to defeat the Indianapolis Colts on the road, 17-16, at Lucas Oil Stadium

Eddie Jones’ team fought back from a 19-point deficit to draw 25-25 with New Zealand on Saturday.

The massive deficits across 32 local authorities have sparked fears of major tax rises or deep cuts to services.

The National Association of Head Teachers says more than half of schools say they’ll go into deficit this academic year and nine out of 10 schools in England are expecting to have run out of money by the next school year. Separate research from survey app Teacher Tapp found that…

Japan marked a trade deficit for the 15th month in a row in October as both imports and exports reached record highs

Nine out of 10 schools in England are expected to run out of money by the next academic year, with those in London among the worst hit. So is the future of education at risk forever? Katie Strick reports

COLUMBUS, Ohio — Standing behind his players in the first period, Flyers coach John Tortorella summed up their play in two words: “We suck.”