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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.
3h
on MSN
Budget deficit putting Treasury prices in danger zone, suggests CNBC's Rick Santelli
E. coli outbreak linked to McDonald's Quarter Pounders: 1 dead and 49 sickened, CDC says What To Know About The Massive ...
11h
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.
Crain's Chicago Business
2h
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 ...
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 ...
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 ...
4d
Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion
The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures ...
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 ...
9h
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 ...
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