Trillion dollar gap: US budget deficit swells to nearly $2 tn in fiscal 2026
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In fiscal 2026, the United States government faced a substantial budget shortfall of $2 trillion, largely attributed to soaring expenditures. Key factors included rising debt-service costs, increased social benefits, and heightened defense spending. Meanwhile, a Supreme Court ruling resulted in reduced tariff collections and notable refunds. This deficit represents 6. What's Your Reaction?
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