Feb 2, 2026
The budgetary deficit was $8B in November, in-line with last year’s print and climbing to $26B YTD…
… adding roughly $4B versus the same period of 2024. That should expand materially in the last four months towards the ~$78B liberal target, as new program spending (defense, housing, etc.) ramps up…
… and tariff revenue slows down.
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