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.
https://www.nytimes.com/2026/10/16/business/us-budget-deficit-nears-2-trillion-a-reality-check-for-trumps-cost-cutting.html