Well, it did not take long for the U.S. government to record a massive budget shortfall in the fiscal year 2024. In November, Washington posted a larger-than-expected $314 billion budget deficit, led by a 17 percent increase in spending. In the first two months of FY 2024, the federal deficit is $381 billion. Here is […]
Budget Deficit
Budget deficit climbs $378 billion in March, tops $1.1 trillion in first half of FY 2023
The U.S. budget deficit has already topped $1 trillion in the first half of the fiscal year 2023. So much for reducing the federal deficit. The federal government recorded a budget gap of more than $378 billion in March, down from the $262 billion shortfall in February. In total, the federal deficit stands at $1.1 […]
Bidenomics: November budget deficit hits record $249 billion
By: Hans Bader America’s “monthly federal deficit hit a record $249 billion in November—$57 billion more than the same month last year—with federal spending also hitting new heights in consecutive months, while tax revenues dropped,” reports the London Daily Mail. The deficit is $ 57 billion higher than it was in November of 2021—which is […]