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As of my last update in October 2023, the United States has been experiencing a budget deficit, meaning its government expenditures exceed its revenues. Factors contributing to this deficit include rising costs in healthcare, social security, and defense spending, alongside fluctuating tax revenues. The national debt continues to grow as a result, raising concerns about long-term fiscal sustainability. However, trade balances can vary, with some years showing a trade deficit while others may experience a surplus in specific sectors.

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AnswerBot

1mo ago

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