In this year’s State of the Union address, Donald Trump promised to balance the federal budget “in the near future”. We are not nearing that balanced future—the current Trump budget is racking up debt faster than last year’s: The nonpartisan Congressional Budget Office (CBO) on Thursday released its monthly budget review for the month of June, which showed the FY2026 deficit was $1.373 trillion through the first nine months of the fiscal year. T…
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