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flag US federal budget deficit reaches a record $711 billion in Q1 2025, up 40% from 2024.

flag The US federal budget deficit hit a record $711 billion for the first three months of fiscal year 2025, marking a 40% increase from the same period in 2024. flag December alone saw a $87 billion deficit, a rise attributed to higher spending, lower tax receipts, and increased interest on the national debt, now over $36 trillion.

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