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U.S. Budget Deficit Nears Two Trillion
The U.S. Treasury Department has clarified that the budget deficit for the 2026 fiscal year reached nearly two trillion dollars, making it the third-largest annual deficit in U.S. history. The year saw a 12% increase compared to the previous year's deficit, with record figures in both revenues and expenditures. The United States continues to run a financial deficit for the twenty-fifth consecutive year, after achieving a surplus in 2001, highlighting ongoing fiscal pressures on the country.
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