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US budget deficit tops $1.8 trillion in fiscal 2024
Biden Admin. Runs 3rd-Largest Budget Deficit in History as Interest Tops $1 Trillion
In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the third-largest budget deficit in history in fiscal 2024 and paid over $1 trillion just on interest payments on the debt.
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.
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.
15h
on MSN
Larger deficit under Trump; larger corporate headwinds under Harris – pick your fighter
Both Harris and Trump could be affecting the U.S. economy in different ways: one by adding a lot more to the national deficit ...
17h
on MSN
10-year Treasury yield close to three-month peak as U.S. deficit concerns linger
Bond prices were under pressure early Tuesday, pushing benchmark Treasury yields to their highest level since late July.
4d
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.
3d
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 ...
1d
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 ...
Crain's Chicago Business
8h
City Council approves $1.5 billion bond plan to refinance debt as budget deficit looms
The plan is expected to save $90 million in 2024 with further savings in 2025 as Mayor Brandon Johnson looks for ways to ...
4d
Spokane spent $43K on campaign for tax hike; might balance deficit with reserves
Records show Spokane put nearly $100,000 from the city’s general fund toward “information mailers” for the mayor’s proposed ...
Newton Daily News
2d
Lunch balance deficit highlights need to re-register for free and reduced meals
Despite donations made by community members to reduce overdue lunch balances, the Newton Community School District is ...
Opinion
8d
on MSN
Opinion
America’s trade deficit isn’t about Trump or Biden — it’s about the WTO
The World Trade Organization has become an obstacle to improving the U.S. trade balance, as it grants “developing country” ...
4d
on MSN
Is a Current Account Deficit Good or Bad for the Economy?
Take a deeper look at the nature of a country’s current account balance, and see why trade deficits are neither good nor bad ...
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