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'The U.S. government’s budget deficit ballooned to nearly $1 trillion in 2019, as the ’ fiscal imbalance widened for a fourth consecutive year despite a sustained run of economic growth. The deficit grew $205 billion, or 26 percent, in the past year.America’s expanding federal deficit is an anomaly among developed nations around the world. Nearly all other advanced-economy countries are on track to see their debt shrink as a share of their economy over the next five years, according to the International Monetary Fund.' Republican policymakers have made little noise about the deficit under Trump, a contrast with their dire predictions about rising red ink under President Obama.'