US federal budget deficit grows

US Budget Gap Reaches $1.9 Trillion as Fiscal Year Nears End

The US federal budget deficit surged in August with one month to go until the end of the fiscal year as higher interest costs continued to weigh on the overall balance. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants,

Hosted on MSN · 2d

U.S. federal budget deficit balloons to $380B in August

The U.S. federal government spent $380.0B more than it earned in August, a far greater shortfall than the -$285.7B expected and July's -$244.0B, according to the Treasury Department's statement issued on Thursday.

devdiscourse · 2d

Soaring U.S. Budget Deficit: A Fiscal Challenge Unveiled

The U.S. Treasury has reported a significant shift in the federal budget, with a $380 billion deficit in August 2024, contrasting starkly with an $89 billion surplus in August 2023. The first 11 months of the 2024 fiscal year have seen a 24% increase in the deficit,

Firstpost · 2d

US budget deficit hits $380 billion in August

A Treasury official said that the deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24% increase from a gap of $1.525 trillion in the year-ago period, as the current y

bnnbloomberg · 2d

US Budget Deficit Hits $1.9 Trillion as Fiscal Year Nears End

The US budget deficit surged in August with one month to go until the end of the fiscal year as higher interest costs continued to weigh on the overall balance.

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A Record $1.2 Trillion Interest Payments Are Blowing Up The Federal Budget

The U.S. government is on track to spend more than $1 trillion on interest payments this year, more than it spends on the ...

Committee for a Responsible Federal Budget2d

Treasury: $1.9 Trillion Deficit in First 11 Months of Fiscal Year

The United States borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, according to the latest ...

Cfr.org8d

Election 2024: The United States Has a Debt Problem

I look at what the presidential contenders are saying about foreign policy. This Week: Whoever wins in November could find ...

KTVZ5d

Here’s what could happen to inflation, jobs and the deficit if Trump or Harris win

expect to see the federal budget deficit grow significantly. A budget deficit occurs when the government spends more than the revenue it collects. Currently, the US government is running ...

KXLY 4 News5d

What Trump and Harris’ economic proposals mean for inflation, jobs and the deficit

Niagara Gazette13h

Raise taxes on the rich or cut them? Harris, Trump differ on how to boost the US economy

Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that ...

Money Metals Exchange1d

Biden Administration Runs Biggest Deficit of the Year in August

In a year of massive deficits, the Biden administration ran the biggest deficit of the year in August. Meanwhile, interest on ...

Committee for a Responsible Federal Budget4d

The 12-Month Rolling Deficit Totals $2.1 Trillion in August 2024

From September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the ...

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