US Budget Deficit Reaches $1.8 Trillion in Fiscal 2024: Third Largest in History
The US Budget Deficit surged to $1.833 trillion for fiscal 2024, marking the third-largest federal deficit in the nationβs history. This budget gap, which reflects the difference between government spending and revenue, is surpassed only by the pandemic-era deficits of fiscal 2020 and 2021. With key factors including rising interest on federal debt, increased spending … Read more