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Federal budget deficit on track to surpass $2T this fiscal year as spending outpaces revenue - Fox Business

Published by Fox Business By Eric Revell · 11 August 2026 at 18:06
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Federal budget deficit on track to surpass $2T this fiscal year as spending outpaces revenue - Fox Business
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What the report says

The CBO's monthly update shows the federal budget deficit on track to hit $2.1 trillion as national debt interest costs surge 14% year over year.

Read the full report at Fox Business →

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