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US Federal Budget Deficit Hits $1.992T | Markets & Money News
The 2026 U.S. federal budget deficit has been announced at $1.992 trillion, representing about six percent of the GDP and a 12 percent increase from the previous year's deficit. This substantial shortfall arises from $5.403 trillion in revenues versus $7.396 trillion in spending. With the national debt surpassing $40 trillion and interest payments becoming a significant budget line item, concerns grow over the sustainability of these deficits. Economists warn that without intervention, future
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