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Budget Deficit Hit $1.8 Trillion
Budget Deficit Hit $1.8 Trillion After Huge Increase in Borrowing Costs
The federal government posted a $1.8 trillion budget deficit during the fiscal year that ended on September 30, despite an increase in tax revenue, thanks
U.S. deficit hits $1.8 trillion as interest costs rise
The federal budget deficit swelled to $1.8 trillion in the fiscal year that ended in September, an enormous sum that significantly increases the national debt as Washington barrels toward a potential 2025 showdown over spending and taxes.
Federal budget deficit hits $1.8T: 5 notes
A report from the Congressional Budget Office estimates the U.S. budget deficit grew to $1.8 trillion in the last fiscal year, driven partially by increased spending on programs for older Americans, including Medicare. Here are five takeaways from the report:
New York Sun
17m
The Biden-Harris Legacy on Spending and Debt: A Tragedy of Epic Proportion
Unfortunately, neither Vice President Harris nor her rival on the campaign trail has made a priority of fixing this problem.
1d
CBO estimates $1.8 trillion US deficit for fiscal 2024, largest after COVID
The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest ...
Standard-Examiner
8h
Federal spending takes center stage during 1st Congressional District debate
Candidates for Utah’s 1st Congressional District tackled a number of issues on the debate stage Tuesday, but among the key, ...
1d
on MSN
How Trump and Republicans Will Change Medicare If They Win
Republican leaders propose market-based reforms for Medicare, while Trump pledges to protect it and prevent people who ...
Opinion
2d
on MSN
Opinion
Congressional estimators find sharply lower revenue take from Harris tax plans
Nonpartisan congressional analysts said the vice president's campaign plans are unlikely to generate the amount of revenue ...
Committee for a Responsible Federal Budget
1d
Deficit Nears $2 Trillion Amid Rising Interest and Little Action
The Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Revi ...
1d
Congress’ fallback option for bankrolling disaster loans
The numbers: The Small Business Administration is requesting Congress provide $1.6 billion in new funding to cover the ...
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