et deficit topped $1.8 trillion in the last fiscal year. Meanwhile, both candidates for president are proposing plans that would increase the deficit for years to come. WSJ’s Richard Rubin explains how the deficit got so large and why the candidates don’t talk about it.

Further Listening:

-The Clock Is Ticking on the Debt Ceiling

Further Reading:

-Federal Deficit Hit $1.8 Trillion for 2024, CBO Says

-Federal Debt Is Soaring. Here’s Why Trump and Harris Aren’t Talking About It.

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1d:T4bf,With a tiebreaking vote from Vice President JD Vance, the Senate has adopted President Trump’s giant domestic policy bill, which now heads back to the House for a final vote.The legislation is defined by the staggering amount of debt it will create: more than $3 trillion.Andrew Duehren, who covers tax policy, and Colby Smith, who covers the economy, talk about how Republicans have rewritten the rules to make that debt vanish, and why the world is less and less convinced that the United States can handle its debts.Guest:Andrew Duehren, who writes about tax policy for The New York Times from Washington.Colby Smith, a New York Times reporter covering the Federal Reserve and the U.S. economy.Background reading: The Senate bill would add at least $3.3 trillion to the national debt, the budget office says.The bill puts the nation

Why Trump and Harris Aren’t Talking Abou...