U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting
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The United States trade deficit reaches a seventeen-month high in August following record import volumes despite ongoing tariffs.
New federal data reveals the U.S. budget deficit has reached $1.4 trillion during the first nine months of fiscal year 2026.
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US goods trade deficit spikes to $105.8 bn, the largest in over a year, sparking concerns over Q2 growth and market volatility.