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US Budget Deficit Widens Rapidly, Threatening Debt-Limit Timeline

(Bloomberg) -- The federal budget deficit is widening rapidly, according to the latest estimates by the Congressional Budget Office, raising the risk of the Treasury running out of cash earlier than expected amid a debt-ceiling standoff.Most Read from BloombergMeta Asks Many Managers to Get Back to Making Things or LeaveGeorge Santos Gets Into Fight With Mitt Romney at State of the Union DebutChinese Balloon Was Part of Years-Long Spying Program, US SaysDeSantis Chides Trump as Republicans’ 2024