US budget deficit reaches $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,
US budget deficit hits $1.8 trillion for fiscal 2024, per CBO
Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.
US reports third largest budget deficit
The deficit for the year ended September 30 was up 8%, or $138 billion, from $1.695 trillion recorded in fiscal year 2023. It was the third-largest federal deficit in US history, after the pandemic relief-driven deficits of $3.132 trillion in fiscal 2020 and $2.772 trillion in fiscal 2021.
America’s budget deficit hits $1.8 trillion, third largest in history
America’s budget deficit hit a massive $1.8 trillion in 2024, making it the third largest deficit in U.S. history. This figure, confirmed by the Treasury Department, represents an increase of over 8% from last year.
Federal government ends fiscal year with $1.8 trillion deficit
The federal government ended the previous fiscal year with a deficit exceeding $1.8 trillion with net interest on the national debt having a larger impact on total outlays than fiscal year 2023. The U.
US federal budget ends FY24 at $1.8T, up $138B
The federal government ended its fiscal year last month with an annual budget deficit of $1.8T, up $138B from the year before ...
Investors unnerved by explosive growth of US government’s fiscal debt
The US federal budget deficit grew to $1.833 trillion for the 2024 fiscal year, which ended on September 30, the highest ...
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 ...
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US budget deficit widens to $1.8t, 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 ...
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US deficit for fiscal 2024 estimated at US$1.8 trillion, largest after Covid
THE Congressional Budget Office (CBO) estimated on Tuesday (Oct 8) a US federal deficit of US$1.8 trillion for fiscal 2024, ...