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US budget deficit remains steady in first quarter of 2026

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The US budget deficit remained virtually stable during the first three months of 2026, as increased revenue -- primarily from income taxes and customs duties -- offset an acceleration in spending. 

Between January and March, the deficit stood at $164 billion, $4 billion higher than in the same period a year earlier, according to data released Friday by the Treasury Department. 

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Originally published on doc.afp.com, part of the BLOX Digital Content Exchange.

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