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Trump’s Budget Could Break the Economy

President Donald Trump is charting a course that may end in the economy’s third meltdown in less than 20 years. Whatever he and his economic courtiers think they’re doing, the waves of unprecedented budget deficits now under his One Big Beautiful Bill Act and his tariff war could trigger a grave economic crisis that will recall the Financial Crisis and the pandemic. Whether budget deficits matter and how much they matter have been political issu…

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Washington Monthly broke the news in on Monday, July 21, 2025.
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