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Federal budget deficit grows $92B to nearly $2T even as Trump tariffs increase revenue
The CBO said the federal deficit hit $2 trillion in the first 11 months of FY2025, driven by higher Social Security and Medicare costs as well as interest expenses despite tariffs. Read More
U.S. August Deficit Hits $345 Billion, Beats Forecasts
Credit: Shutterstock How a $345 Billion Gap Raises Alarms for U.S. Finances The U.S. Treasury Department reported a federal budget deficit of $345 billion for August 2025, a figure that raised ... Read More
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