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

2026-10-16 18:28 • ;Alan Rappeport
Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.
Read More Here: https://www.nytimes.com/2026/10/16/business/us-budget-deficit.html