Yhn BusinessFinance first seen 2 d ago, last 5 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 figure is drawing attention as evidence of worsening fiscal strain on the federal government, with debate expected over spending, taxes and debt sustainability. Deficits of this scale have not been seen since the pandemic era, renewing concerns about rising national debt and interest costs.
Why now: The sharp one-year increase in the deficit raises fresh concerns about US fiscal policy and national debt.
United StatesUS federal governmentTreasury Department
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Evidence
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