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Story summary
- The Congressional Budget Office reports the U.S. federal budget deficit reached nearly $2 trillion in the latest fiscal year.
- The CBO says spending outpaced revenue, widening the deficit gap.
- Yale’s Budget Lab launched a tool for building custom tax packages and estimating revenue impacts.
- OpenAI’s annualized revenue hit about $50 billion at the end of last month.
- Shares of AI-exposed companies fell after the revenue metric revelation.