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Deficit Will Reach $1 Trillion Next Year, Budget Office Predicts

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tacobell fan

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Breaking News: The federal budget deficit is growing faster than expected and will top $1 trillion next year, as President Trump considers more spending.

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tacobell fan LEGEND

tacobell fan

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Rising deficit projections are the result of sluggish growth in federal revenue after President Trump’s 2017 tax cuts went into effect, and several bipartisan agreements to raise military and nondefense domestic discretionary spending.

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