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US Budget Deficit Surges to $779 Billion

The US government’s budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump’s tax cuts caused the government to borrow more heavily in order to cover its spending.

IMF Warns Riyadh of Deficit, Increasing Spending

The International Monetary Fund has warned Saudi Arabia to increase spending after rising oil prices and urged it to limit the cost of salaries.

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