U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting

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Hume

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The United States budget deficit approached $2 trillion in the 2026 fiscal year, its highest level since the pandemic, as spending on the military, safety net programs and interest on the debt dwarfed the Trump administration’s cost cuts, Treasury Department figures showed on Friday.

www.nytimes.com

U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting

Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.
www.nytimes.com www.nytimes.com
 
The widening gap between what the government spends and what it collects in taxes and other revenue comes at a critical moment. Investors are nervous about America’s surging debt load, along with stubborn inflation, and have driven up borrowing costs. Treasury bond yields, which influence interest rates for mortgages, credit cards and auto loans, hit their highest levels in two decades earlier this month before easing.
 
trump's plan is to blow the deficit past $3 trillion quickly, so he can then approach $4 trillion.
 
Walt said:
trump's plan is to blow the deficit past $3 trillion quickly, so he can then approach $4 trillion.
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Trump has already increased the debt over 25% I think he may be going for 50% , you know how he loves being the best at things so why not running up the debt.
 
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