CBO estimates $1.8 trillion US deficit for fiscal 2024
The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as debt interest costs jumped sharply and outlays rose for Social Security,
Budget deficit for FY2024 hits $1.8 trillion, up from FY2023: CBO
The deficit totaled $1.8 trillion in FY2024, marking the second year in a row that deficits have totaled close to $2 trillion, according to the Congressional Budget Office (CBO) monthly budget review. In FY2023, the deficit was slightly lower at $1.7 trillion.
U.S. deficit hits $1.8 trillion as interest costs rise
The federal budget deficit swelled to $1.8 trillion in the fiscal year that ended in September, an enormous sum that significantly increases the national debt as Washington barrels toward a potential 2025 showdown over spending and taxes.
U.S. Budget Deficit Rises to $1.8 Trillion in 2024
New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
US budget deficit hits $1.8 trillion for fiscal 2024, per CBO
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.
CBO Estimates 2024 Deficit Totaled $1.8 Trillion
The Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a
Federal budget deficit grew to $1.8 trillion for fiscal 2024, CBO estimates
The Congressional Budget Office estimated Tuesday that the federal budget deficit for fiscal 2024 rose to $1.8 trillion, the highest in three years. The analysis showed that fiscal 2024’s deficit increased from $1.7 trillion in fiscal 2023. The new numbers come as the federal government faces an increasingly dire fiscal situation.
Federal Deficit Hit $1.8 Trillion for 2024, CBO Says
The data comes as Donald Trump and Kamala Harris are proposing new tax and spending plans that are estimated to add trillions more to the deficit over the next decade.
CBO: Fiscal 2024 budget deficit was $1.8 trillion
The federal deficit clocked in at $1.8 trillion for fiscal 2024, according to the final estimate released Tuesday by the Congressional Budget Office. While generally in line with prior forecasts, the slightly revised deficit estimate was $81 billion,
US goes to polls, but federal deficit hits $1.8 trillion, highest in post-Covid era
The $1.8 trillion federal deficit for the fiscal year 2024, which ended on September 30, highlights that the US government ...
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Deficit Nears $2 Trillion Amid Rising Interest and Little Action
The Congressional Budget Office (CBO) today released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Revi ...
Deficit nears $2 trillion as lawmakers borrow $5 billion per day
The U.S. annual deficit is nearing $2 trillion for this fiscal year, almost double the record deficits before the COVID-19 ...
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U.S. Deficit Skyrockets: Fiscal Challenges Ahead
The U.S. federal deficit is projected to reach $1.834 trillion in fiscal 2024, driven by rising debt interest and increased ...
What were the biggest budget deficits in US history?
The federal government is on pace to run a $1.9 trillion budget deficit in FY2024, which would rank as the third-largest ...