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

Oct 16, 2026, 06:28 PM· 37 minutes ago· Original: EN
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.

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