World & National · Middle East
U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting
Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.
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Sources
- The New York Times. https://www.nytimes.com/2026/10/16/business/us-budget-deficit.html
Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.