US deficit nears 2 trillion in 11 months
The article concerns the U.S. budget deficit during the first eleven months of fiscal year 2026, which amounted to $1.97 trillion—one of the highest recorded levels in history. Data showed that government spending reached approximately $6.81 trillion, while revenues increased to $4.85 trillion. However, the cost of servicing the debt, which exceeded $1 trillion, was the biggest factor contributing to the deficit. Investor Ray Dalio explained that the United States is spending about 40% more than its revenues, with expectations that debt service costs could rise to over $11 trillion if the current situation persists. He warned that a crisis could emerge within one or five years if urgent steps are not taken to reduce the deficit through increased revenues, spending cuts, and lower interest rates—highlighting the need for a balanced approach among these measures.
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