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The U.S. budget 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 Economy: Trump vs. Harris -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. Learn more about your ad choices. Visit megaphone.fm/adchoices