Federal government posts $13B deficit in first half of the fiscal year
- The federal government posted a $13 billion deficit between April and September, an increase from the $8.2 billion deficit during the same period last year.
- Revenues increased by $20.3 billion, or 9.6 percent, compared to the first half of the previous fiscal year, according to the monthly fiscal monitor.
- Public debt charges rose by $5.2 billion, or 22.5 percent, largely due to higher interest rates affecting government expenses.
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Total News Sources0
Leaning Left16Leaning Right3Center2Last UpdatedBias Distribution76% Left
Bias Distribution
- 76% of the sources lean Left
L 76%
14%
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