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Federal deficit surged 12%. Tax collections grew, but spending did faster

Despite Trump’s tax cuts, revenue rose 3%. But entitlement-fueled spending soared even faster.

Sources (1)· Oct 8, 7:57 PM

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Washington Examiner· Oct 8, 7:57 PMFederal deficit surged 12%. Tax collections grew, but spending did faster

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Deficit reduction could lower inflation and interest rates, CRFB findsReducing the federal budget deficit could temper inflation, lower interest rates and prevent Social Security and Medicare crises, a new CRFB analysis finds.

Fox Business15d agoWhole story →

Government federal budget deficit report

Federal budget deficit hits $2 trillion in first 11 months of FY2026Federal budget deficit hit $2 trillion after 11 months of fiscal year 2026, the CBO reported. Social Security, Medicare, Medicaid and national debt interest drove spending higher.

Fox Business27d agoWhole story →

Government federal budget deficit report

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Federal budget deficit climbs to $2 trillion as fiscal jitters multiplyThe federal budget deficit rose to nearly $2 trillion for the past fiscal year, spurred in part by ballooning interest payments and tariff refunds, the Congressional Budget Office reported Thursday.

Cable News Network12h agoWhole story →

Economy federal budget deficit report

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