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Yhn BusinessFinance first seen 3 d ago, last 23 min ago, peak #2

US federal budget deficit jumps 12% to nearly $2 trillion

Original: US federal budget deficit jumps 12% in one year to nearly $2 Trillion

The US federal budget deficit has risen 12% in a single year to nearly $2 trillion. The widening gap between government spending and revenue highlights mounting fiscal pressure on Washington, and readers are debating what sustained deficits of this scale mean for interest costs, debt sustainability and the wider economy.

Why now: The sheer size of the deficit and its rapid year-on-year growth are renewing concern about US fiscal policy and the national debt.

United States governmentUS TreasuryUS Congress

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