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US budget deficit tops $1.8 trillion in fiscal 2024
US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and spending grew for the Social Security retirement program,
U.S. budget deficit in fiscal 2024 swells to third-highest level on record
The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenue.
US budget deficit widens to $1.8 tn, third highest on record
The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt.
55m
on MSN
Worries about deficit spending after election bog down U.S. government debt
Treasury yields extending their climb from September’s lows on Monday — spurred in part by growing concern about the path of ...
5h
BlackRock's Fink bullish on private markets amid high US deficit
The growth of private markets could mitigate the economic impact of wide U.S. deficits and high government debt levels, said ...
Money Metals Exchange
5h
Biden Administration Runs Third-Largest Annual Budget Deficit in History as Interest Payments on Debt Top $1 Trillion
In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the ...
3d
on MSN
US Posts $1.8 Trillion Annual Deficit, Highest Outside of Covid
The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt ...
5h
Risk of growing deficit spending after Nov. 5 election weighs on U.S. government debt
Bond traders appeared to be weighing the potential outcomes of the Nov. 5 presidential election, with an eye toward an almost certain rise in the U.S. deficit no matter who wins. "Both candidates have ...
3d
Treasury Puts Federal Deficit at $1.8 Trillion
The U.S. Treasury said the deficit for fiscal year 2024 was $1.8 trillion, $138 billion higher than the prior year’s deficit.
2d
Seven Years Of Trump-Biden Tariffs On China. Deficit Still $1 Trillion
One of the reasons former President Donald Trump started a trade war with China was to reduce the U.S. trade deficit with the ...
3d
Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion
The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures ...
4d
on MSN
Japan records trade deficit on weak yen, slowing exports
Japan has reported its exports to key destinations like China fell in September, leading it to rack up a trade deficit of ...
1d
WATCH: Arizona Botches Opening Onside Kick That Puts Them Into Early Deficit
Coming into their matchup against Colorado, head coach Brent Brennan implored his Arizona Wildcats team to respond to their ...
10h
on MSN
UConn faculty, students fear cuts amid projected deficit: ‘Alarming that I may not have a degree to finish’
Additional state funding is helping to reduce the shortfall … but UConn still is reviewing options to achieve about $17.6 ...
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