The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending.

4547175

US interest payments on national debt top $1 trillion

WION

Noida

Uttar Pradesh

India

This is a historic financial milestone whereby interest payments on the US government's national debt finally surpassed $1 trillion for the first time, according to a recent report from the Treasury Department. Now, with the overall national debt reaching an astounding total of $35.3 trillion, the interest surged to $1.049 trillion just this year alone.

Media Bias/Fact Check

Invesco

The U.S. budget deficit surged to $1.9 trillion in August, with one month left until the end of the fiscal year, fueled by burdensome interest charges.
According to the Monthly Treasury Statement, the federal government registered a $380 billion deficit in August, the widest monthly shortfall since September 2022. This starkly contrasts with the $89 billion surplus reported in August 2023 and is in line with the latest Monthly Budget Review from…

Ad Fontes Media

All Sides

The Epoch Times

Epoch Media Group

New York

United States

US Budget Deficit Hits $1.9 Trillion—With 1 Month Left to Go

That’s now likely for fiscal 2024, despite a growing economy.

Wall Street Journal

Murdoch family

Here Comes the $2 Trillion Deficit

The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending.



Just the News

Washington

District of Columbia

U.S. borrowing tops $1.9 trillion so far this year

by Brett Rowland   The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending. Those borrowing figures come from the latest Monthly Treasury Statement from the Treasury Department. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said that is roughly $6 billion borrowed per day this…

The Ohio Star

Star News Network

Ohio

U.S. Borrowing Tops $1.9 Trillion So Far This Year

(The Center Square) – The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending.

The Center Square

Franklin News Foundation

Unproductive government borrowing hurts economic growth and drives inflation. Concerns are raised about the sustainability of the debt.

The Daily Signal

The Heritage Foundation

Why America’s Soaring Debt Is Biggest Threat to US Dollar

(The Center Square) – The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending. Those borrowing figures come from the the latest Monthly Treasury Statement from the Treasury Department. Maya MacGuineas, president of the Committee for a Responsible Federal Budget, said that is roughly $6 billion borrowed per d…

The Dallas Express News

U.S. Debt Hits a Staggering $1.9 Trillion in Just Months

In the first 11 months of fiscal year 2024, the federal government of the United States has borrowed at least $1.9 trillion. As Just The News reports…

American Greatness

American Borrowing Surpasses $1.9 Trillion in 2024 Thus Far

2024-09-13 13:11:15 –  thepoliticalinsider.com –  
					 Credit: Chris, Pixabay 										 By Brett Rowland (The Center Square) The federal government borrowed $1.9 trillion in the first eleven months of fiscal year 2024, including $380 billion in August, a startling amount as federal watchdogs sound the alarm on spending. Those borrowing figures come from the the latest Monthly Treasury Statement from the Treasury Department. RELATED: Tim Walz’…

U.S. Borrowing Tops $1.9 Trillion So Far This Year

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics