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المشهد العربي
US federal deficit nears two trillion
The deficit in the US federal budget is headed toward nearly two trillion dollars by the end of the fiscal year. This is due to rising costs of servicing public debt, especially as Treasury bond yields increase, which puts additional pressure on public finances and could push the debt to new record levels. As of August, the cumulative deficit reached $1.96 trillion, with interest expenses rising to one trillion dollars—surpassing spending on many major items such as military expenditure. It is expected that the debt-to-GDP ratio will exceed 106% by 2030, surpassing the record set in 1946.
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