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Feds end 2024 with $1.8 trillion deficit
Federal deficit rises to $1.8 trillion in fiscal 2024, adding to fiscal peril facing nation
The federal budget deficit rose to $1.8 trillion for fiscal 2024, ending in September, the Treasury Department announced Friday, a warning about the government’s finances that comes amid an election in which both major candidates have sketched out plans that would accelerate the accumulation of debt.
Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion
"We expect the federal government to run large fiscal deficits that average around 7% of GDP per year over the next five years and rise to nearly 9% by 2034, which would drive the debt burden to around 130% of GDP by 2034 from 97% in 2023," the report noted. The cost of servicing that debt will also grow.
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. Excluding the impact of the [Supreme Court's decision in 2023](
12h
on MSN
US Posts $1.8 Trillion Annual Deficit, Highest Outside of Covid
The US government’s budget deficit hit its highest since the Covid pandemic years in 2024, propelled by increased debt ...
12h
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-19 era, as interest on the ...
11h
on MSN
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 ...
The Jakarta Post
1h
US budget deficit widens to $1.8t, 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 ...
Committee for a Responsible Federal Budget
12h
Fiscal Year 2024 Ends with $1.8 Trillion Deficit
The U.S. Treasury Department today released the final Monthly Treasury Statement for Fiscal Year (FY) 2024, confirming the budget deficit totaled $1.8 trillion. The following is a statement from Maya ...
10d
on MSN
US budget deficit hits $1.8 trillion for fiscal 2024, per CBO
Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion ...
19h
on MSN
Republican Sam Brown swings away in Nevada Senate debate amid polling deficit
Fighting from behind in the polls, Brown was combative throughout the hour-long debate against Democratic Sen. Jacky Rosen.
2d
on MSN
UW-Oshkosh chancellor set to resign next year amid declining enrollment, deficit
University of Wisconsin-Oshkosh Chancellor Andrew Leavitt says he plans to step down next summer. Leavitt announced on his ...
3h
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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