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Friday, October 9, 2026

U.S. budget deficit soars to $2T and neither party is touching it

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Government Debt

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There are fiscal jitters all over the place, not just in Europe. According to a new report by the Congressional Budget Office, the U.S. federal budget deficit soared to nearly $2T in the last fiscal year that ended Sept. 30, with the government splashing out $7.4T (+6% Y/Y) but

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