U.S. Deficit Hits Record High | Business and Finance News

U.S. budget deficit hits record monthly high with a 48% spike in July—$432 billion in the red, mostly fueled by soaring Medicare costs and ballooning debt interest. First ten months of fiscal year already nearing $1.8 trillion deficit, signaling a troubling spending trend. Tariff refunds add to strain, while Fed holds firm on rates despite cooling inflation—no rate cuts expected soon as fiscal pressure mounts. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c7dba1babad99b19