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 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.
The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt ...
The federal government ended its fiscal year last month with an annual budget deficit of $1.8T, up $138B from the year before ...
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US budget deficit reaches $1.8 trillion as nation's debt remains a key concern for votersThis year marks the third-highest US deficit behind 2021 and 2020, according to the Treasury. In the 2020 budget year, the ...
By Alan Rappeport Reporting from Washington America’s federal budget deficit rose to $1.8 trillion ... the final month of the fiscal year, the United States recorded a $63 billion surplus ...
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The US federal budget deficit grew to $1.833 trillion for the 2024 fiscal year, which ended on September 30, the highest ...
The Treasury Department announced that the federal budget deficit rose to $1.8 trillion for fiscal 2024, which ended in ...
The US debt interest-cost burden climbed to the highest since the 1990s in the financial year that’s just ended, escalating ...
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