The federal deficit surges, nearly tripling in the last nine months
WEBJul 13, 2023 · The federal government's deficit nearly tripled in the first nine months of the fiscal year, a surge that's bound to raise concerns about the country's rising debt levels. The Treasury Department...
Tax revenue jumps 22% in April, but U.S. deficit still looms large
WEBMay 10, 2024 · The U.S. Treasury ran a surplus in April, as tax payments jumped by 22% from a year ago. The federal government is still on track to run a deficit of more than $1.5 trillion this year.
U.S. Deficit, Pegged at $1.7 Trillion, Effectively Doubled in 2023
WEBOct 20, 2023 · America’s federal budget deficit effectively doubled in the 2023 fiscal year as slumping tax receipts, rising interest rates and persistent demand for expiring pandemic relief benefits strained...
The Federal Deficit Is Growing. This Is Why. - The New York Times
WEBOct 20, 2023 · America’s federal budget deficit effectively doubled over the year to $2 trillion, a surprising jump given the strength of the economy.
Federal deficit effectively doubled in fiscal year 2023
WEBOct 21, 2023 · CNN — The US budget deficit soared in fiscal year 2023, which will likely complicate Congress’ efforts to come to a federal spending deal before government funding runs out next month. The deficit...
Federal budget deficit expected to nearly double to around $2
WEBSep 6, 2023 · The federal budget deficit is expected to balloon to about $2 trillion for fiscal year 2023, roughly double what it was in the previous fiscal year, according to a government watchdog group.
US national debt hits record $34 trillion | AP News - Associated …
WEBJan 2, 2024 · WASHINGTON (AP) — The federal government’s gross national debt has surpassed $34 trillion, a record high that foreshadows the coming political and economic challenges to improve America’s balance sheet in the coming years.
US budget deficit hits record high for November on interest costs
WEBWASHINGTON, Dec 12 (Reuters) - The U.S. federal budget deficit jumped 26% in November from a year earlier to $314 billion, a record for the month and the highest since March, the Treasury...
FACT SHEET: The President’s Budget Cuts the Deficit by $3 Trillion …
WEBMar 11, 2024 · The President took office after his predecessor signed into law a reckless and unpaid for tax cut that was skewed to the wealthy and large corporations, adding nearly $2 trillion to the deficit.
Debt ceiling news: 'An agreement in principle' is reached
WEBMay 28, 2023 · The latest news and coverage on the US debt ceiling crisis. Follow news on Biden and McCarthy’s efforts to strike a deal and avoid a national debt default.