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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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  • 76% of the sources lean Left
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