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The U.S. Department of the Treasury releases the Fiscal Year 2025 Government Financial Report
According to the email statement, U.S. Treasury Secretary Scott Bessent released the U.S. government’s financial report for fiscal year 2025. “Through economic growth, we can gradually reduce the federal deficit to 3% of Gross Domestic Product (GDP), which is an achievable benchmark that aligns with long-term fiscal sustainability,” Bessent said.