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US $2T deficit threatens economy; cutting it could ease inflation and boost affordability, says CRFB.

Market News
24 Sep 2026
Fox Business
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Neutral
US $2T deficit threatens economy; cutting it could ease inflation and boost affordability, says CRFB.

The US federal budget deficit has reached about $2 trillion in fiscal 2026, raising concerns about its impact on the economy. The nonpartisan Committee for a Responsible Federal Budget (CRFB) reports that reducing this deficit could help ease inflation, lower interest rates, and improve affordability for American households. Deficit reduction would also boost private investment and help secure Social Security and Medicare funding, preventing future benefit cuts. While fiscal policy alone can't solve all affordability issues, responsible deficit management is a key tool to support economic stability and growth.

The US federal budget deficit nearing $2 trillion in fiscal 2026 frames this economic discussion. For readers following financial markets, here is Pluang's snapshot as of Sep 25, 2026 05:51 WIB: out of 85 priced Financials-sector US stocks, 31 rose and 54 fell. Notable movers include UPST at USD 24.56 with a 1-day change of -5.43% and 100% buy order activity, AFRM at USD 71.49 up 4.99%, and DB at USD 35.87 down 4.50% with 100% buy order activity.

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TD SYNNEX beats Nvidia in returns but stock falls on nearly $1B cash burn in Q3 2026

TD SYNNEX beats Nvidia in returns but stock falls on nearly $1B cash burn in Q3 2026

TD SYNNEX posted a record-breaking quarter in Q3 2026 with earnings and revenue surpassing expectations, driven by strong growth in its Hyve Solutions segment and AI infrastructure demand. Despite this, the stock dropped nearly 9% due to a nearly $1 ...

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Crypto whale moves $16.1M in Ether to five exchanges, signaling potential sell-off.

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Neutral
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Warren Buffett buys 10% of Lennar after it cuts guidance, betting on housing shortage recovery.

Warren Buffett buys 10% of Lennar after it cuts guidance, betting on housing shortage recovery.

Warren Buffett increased his stake in homebuilder Lennar to over 10% immediately after the company missed earnings and lowered its full-year delivery forecast. Despite Lennar's recent weak quarter, Buffett's move signals confidence in the long-term h...

Market News
Neutral
4 hours ago
TRON surpasses $30 trillion in transactions, driven by stablecoin use and growing network activity.

TRON surpasses $30 trillion in transactions, driven by stablecoin use and growing network activity.

TRON has exceeded $30 trillion in total transaction volume, marking its evolution into a high-throughput settlement network. Daily transactions exceed $30 billion, supported by over 405 million users and 15.6 billion processed transactions, mainly dr...

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Costco beats Q4 EPS estimates with $6.75 despite slight revenue miss, driven by strong sales growth and tariff refunds.

Costco beats Q4 EPS estimates with $6.75 despite slight revenue miss, driven by strong sales growth and tariff refunds.

Costco reported a strong Q4 earnings per share (EPS) of $6.75, surpassing analyst expectations of $6.54, helped by tariff refunds. Although quarterly revenue of $93.87 billion slightly missed the $94.97 billion forecast, net sales rose 11.2% year-ove...

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