US federal budget deficit jumps 12% in one year to nearly $2 Trillion
🔸The US federal budget deficit for 2026 reached $1.992 trillion, a 6% of the US GDP, due to $5.403 trillion in revenues and $7.396 trillion in spending. The national debt has surpassed $40 trillion with annual interest costs reaching a record 3.4% of GDP.
2026-10-17 14:42
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