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Federal Deficit Hits $1.4 Trillion as Spending Keeps Outrunning Revenue

The federal deficit grew this year in spite of an increase in federal revenue, because spending rose even faster and interest costs surged. …

The post Federal Deficit Hits $1.4 Trillion as Spending Keeps Outrunning Revenue appeared first on The New American.

https://thenewamerican.com/us/economy/federal-deficit-hits-1-4-trillion-as-spending-keeps-outrunning-revenue/

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