In fiscal 2026, the United States government faced a substantial budget shortfall of $2 trillion, largely attributed to soaring expenditures. Key factors included rising debt-service costs, increased social benefits, and heightened defense spending.
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October 17, 2026 at 2:40 AM
Trillion dollar gap: US budget deficit swells to nearly $2 tn in fiscal 2026
Times of India
Excerpt from Times of India.