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flag US budget deficit remained at $164B in Q1 2026 despite revenue and spending increases.

flag The U.S. budget deficit for the first quarter of 2026 remained nearly unchanged at $164 billion, a $4 billion increase from the previous year. flag While revenue rose due to higher income tax collections and customs duties, spending also increased. flag However, a recent Supreme Court ruling invalidated a major portion of these duties, prompting potential reimbursements and lawsuits that could impact future federal finances.

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