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, health care and the military, the Treasury Department said on Friday.


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US budget deficit tops $1.8 trillion in fiscal 2024, third

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, health care and the military, the Treasury Department said on Friday.

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Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.

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US budget deficit hits $1.8 trillion for fiscal 2024, per CBO

President Biden closed his last full fiscal year with a $1.833 trillion deficit, marking the worst nonpandemic year in history and raising fears the government is heading for an uncontrollable fiscal spiral.

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Biden ends fiscal year with $1.8 trillion deficit; gross interest payments top $1 trillion

Rising interest costs have swelled the U.S. deficit, prompting concerns about a potential debt crisis.

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U.S. deficit hits $1.8 trillion as interest costs rise

The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record,...

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US deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

By Tami Luhby, CNN (CNN) — Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office. While the deficit is typically a concern during presidential election years, former President Donald Trump and Vice President Kamala Harris have unveiled pricey policies without detailing how they’d fully pay for the measures. Tru…

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The US 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, health care and the military, the Treasury Department said in a recent note, as detailed in a report by Reuters.

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US budget deficit reaches $1.8 trillion in fiscal 2024, third largest in history

The US budget deficit has risen to $1.8 trillion. Only during the coronavirus pandemic was the US budget deficit larger.

Das Defizit im US-Haushalt ist auf 1,8 Billionen US-Dollar gestiegen. Nur zu Zeiten der Corona-Pandemie war das Haushaltsdefizit der USA größer.

Drittgrößtes Haushaltsdefizit in der Geschichte der USA

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Third largest budget deficit in US history

The US debt interest-cost burden climbed to the highest since the 1990s in the financial year that’s just ended, escalating the risk that fiscal worries limit the policy options for the next administration in Washington.

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US Interest Burden Hits 28-Year High, Escalating Political Risk

The US budget deficit has risen to 1.833 trillion US dollars. The interest payments on the high level of debt in particular contributed to the increase in the deficit.

Das Defizit im US-Haushalt ist auf 1,833 Billionen US-Dollar gestiegen. Vor allem die Zinszahlungen für die hohe Verschuldung trugen zur Steigerung des Defizits bei.

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US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record

US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record

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