Investment
Features
FeesSafety
Academy
More
Pluang+

US federal deficit hits $1.373T in 9 months, driven by debt interest and social programs costs.

Market News
10 Jul 2026
Fox Business
View Source
Bearish
pluang ai news

The US federal budget deficit for fiscal year 2026 reached $1.373 trillion in the first nine months, up $35 billion from last year. Increased spending on interest for the $39 trillion national debt and rising costs for Social Security, Medicare, and Medicaid are key drivers. Tax revenues grew but not enough to offset spending, pushing the deficit closer to a projected $2 trillion for the year. Experts warn this trend is unsustainable and urge lawmakers to address entitlement programs and fiscal policies to avoid severe cuts and economic risks.

More News

Holtec Nuclear files for IPO to list on Nasdaq, aiming to expand clean energy business.

Holtec Nuclear files for IPO to list on Nasdaq, aiming to expand clean energy business.

Holtec Nuclear Corporation has filed a registration statement with the U.S. SEC for a proposed initial public offering (IPO) of its Class A common stock, planning to list on Nasdaq under the symbol "HNUC." The offering details, including share count ...

Others
Bullish
1 hour ago
Halper Sadeh LLC investigates fairness of recent mergers and sales for SLP, HUN, OLN, and PULM shareholders.

Halper Sadeh LLC investigates fairness of recent mergers and sales for SLP, HUN, OLN, and PULM shareholders.

Halper Sadeh LLC is investigating whether shareholders of Simulations Plus (SLP), Huntsman Corporation (HUN), Olin Corporation (OLN), and Pulmatrix (PULM) are receiving fair deals in recent mergers and sales. The firm suspects insiders may gain finan...

Market News
Bearish
3 hours ago
LB Pharmaceuticals grants stock options to new SVP under Nasdaq inducement rule

LB Pharmaceuticals grants stock options to new SVP under Nasdaq inducement rule

LB Pharmaceuticals has granted Christopher Zergebel, its new Senior Vice President of Clinical Operations, an inducement equity award of 75,000 stock options. The options have a ten-year term, an exercise price of $32.95 per share, and vest over four...

Company Fundamentals
Neutral
3 hours ago
YSX Tech reports 16.8% revenue growth with a strategic shift boosting service volumes by 28.8% in fiscal 2026

YSX Tech reports 16.8% revenue growth with a strategic shift boosting service volumes by 28.8% in fiscal 2026

YSX Tech Co., Ltd announced a 16.8% revenue increase to $83.5 million for fiscal year 2026, driven by a 28.8% rise in service volumes, especially in vehicle risk screening services which grew 112.1%. The company shifted focus from individual insuranc...

Company Fundamentals
Bullish
3 hours ago
US Central Command secures Strait of Hormuz, oil flow stable despite Iran tensions, oil prices drop 40%.

US Central Command secures Strait of Hormuz, oil flow stable despite Iran tensions, oil prices drop 40%.

US Central Command reports control over the Strait of Hormuz, ensuring safe passage for over 825 commercial vessels and 380 million barrels of crude oil since May. This stability has contributed to a nearly 40% drop in oil prices, with West Texas cru...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App