"The U.S. budget deficit is on track to be much bigger this year than last. Interest rates—a big issue given the level of the federal debt–have risen notably in recent months. And the U.S. faces long-run fiscal challenges associated with population aging that will require tax increases and spending cuts."

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"The U.S. budget deficit is on track to be much bigger this year than last. Interest rates—a big issue given the level of the federal debt–have risen notably in recent months. And the U.S. faces long-run fiscal challenges associated with population aging that will require tax increases and spending cuts."

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