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US budget deficit nears $2T as interest costs, Iran war spending, tariff refunds mount
Published 16 h ago3 sourcesEvidence: Reported
SeverityHighAssessedDeveloping storyNew York TimesLow-rated sourceUS · IR
The US budget deficit is projected to reach about $2 trillion in 2026, marking the third-highest annual deficit in US history. This reflects persistent fiscal expansion amid elevated spending and interest costs, with no immediate sign of consolidation. The widening deficit could pressure Treasury yields and the dollar, as investors reassess the fiscal trajectory.
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