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,
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.
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.
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.
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.
The Highland County Press3h
Deficit nears $2 trillion as lawmakers borrow $5 billion per day
The U.S. Congressional Budget Office reported that the federal deficit hit an estimated $1.8 billion in fiscal year 2024, $139 billion higher than the deficit from the previous fiscal year. The ...
Smaller US trade deficit supports strong economic growth estimates for third quarter
The U.S. trade deficit narrowed sharply in August as exports increased to a record high, suggesting trade could have little ...
GDP may get a lift after U.S. trade deficit drops to 5-month
The U.S. trade deficit sank almost 11% in August because of lower imports of oil and new cars, potentially giving a boost to ...
Committee for a Responsible Federal Budget20h
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 ...
America The Tax Haven? Exploring The U.S. Trade Deficit
In this episode of Tax Notes Talk, Professors Kenneth Austin and Hillel Nadler discuss the policies that they believe make ...
Analysis suggests deficit could increase under Harris, but would surge under Trump
No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump ...
KOIN 61h
Fall weather continues, rain deficit grows around Portland Wednesday
Mostly cloudy skies will keep the fall-like feeling around Portland Wednesday as the lack of rainfall takes its toll on the ...
Lower Oil Exports Drag Canada to Sixth Monthly Trade Deficit
Canada recorded a C$1.1 billion ($806 million) trade deficit in August as crude oil exports fell, driven mainly by lower ...
Trump’s budget plan will increase deficit by $7.5T, twice the size of Harris’ proposal, CRFB study finds
Donald Trump’s recent wave of tax-cut promises and policy proposals is set to increase the US budget deficit by $7.5 trillion ...