Bessent, ScottCongressional Budget OfficeFederal Budget (US)Georgieva, Kristalina IvanovaGovernment BondsInterest ratesNational Debt (US)TaxationTrump, Donald JUnited States EconomyUnited States Politics and Government

U.S. Budget Deficit Nears $2 Trillion, a Reality Check for Trump’s Cost Cutting

OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Bessent, Scott category. Published on October 16, 2026 • Originally reported by Alan Rappeport. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Higher interest rates are inflating borrowing costs as the Trump administration spends on the Iran war and tariff refunds.
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