U.S. Budget Deficit Tops $2 Trillion in 11 Months of FY 2026
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The U.S. federal budget deficit for the first 11 months of fiscal year 2026 has reached approximately $2 trillion, according to the Congressional Budget Office. This marks the third-largest deficit in U.S. history, following those in 2020 and 2021. The deficit is driven by increased spending and revenues, with interest payments on the national debt, which has surpassed $40 trillion, being a significant contributor. Experts warn that urgent action is needed to reduce the deficit.
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