U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting - Peer2Peer

U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting

Oct 16, 2026

Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.

https://www.nytimes.com/2026/10/16/business/us-budget-deficit.html

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