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,
Both Harris and Trump could be affecting the U.S. economy in different ways: one by adding a lot more to the national deficit ...
Bond prices were under pressure early Tuesday, pushing benchmark Treasury yields to their highest level since late July.
The U.S. Treasury said the deficit for fiscal year 2024 was $1.8 trillion, $138 billion higher than the prior year’s deficit.
One of the reasons former President Donald Trump started a trade war with China was to reduce the U.S. trade deficit with the ...
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 ...
The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures ...
Records show Spokane put nearly $100,000 from the city’s general fund toward “information mailers” for the mayor’s proposed ...
The World Trade Organization has become an obstacle to improving the U.S. trade balance, as it grants “developing country” ...
Despite donations made by community members to reduce overdue lunch balances, the Newton Community School District is ...
Japan has reported its exports to key destinations like China fell in September, leading it to rack up a trade deficit of ...
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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