Yhn BusinessFinance first seen 2 d ago, last 25 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, reaching nearly $2 trillion. The figures underline the widening gap between government spending and revenue, adding to debates over fiscal policy, interest costs and the sustainability of US borrowing. Commentators are weighing what the larger shortfall means for the economy and future policy choices.
Why now: The sharp year-on-year rise in the deficit to nearly $2 trillion raises fresh concerns about US government finances.
United StatesUS federal government
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