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      US Fiscal 2026 Budget Deficit Reaches $1.99 Trillion

      The United States has reported a budget deficit of $1.99 trillion for the fiscal year 2026, marking the largest deficit recorded in five years. This significant increase in the deficit highlights ongoing fiscal challenges faced by the federal government.

      In addition to the rising deficit, net tariff receipts have decreased by $22 billion, totaling $173 billion. This decline follows $145 billion in refunds, which have contributed to the overall reduction in tariff revenue. The combination of these factors underscores the complexities of the current economic landscape and the pressures on government finances.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud