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CBO estimates $1.8 trillion US deficit for fiscal 2024, largest after COVID
The Congressional Budget Office estimated on Tuesday a U.S. federal deficit of $1.834 trillion for fiscal 2024, the highest in the post-COVID era, as debt interest costs jumped sharply and outlays rose for Social Security,
Opinion
CBO: Fiscal 2024 budget deficit was $1.8 trillion
The federal deficit clocked in at $1.8 trillion for fiscal 2024, according to the Congressional Budget Office.
Federal Deficit Hit $1.8 Trillion for 2024, CBO Says
WASHINGTON—The U.S. budget deficit topped $1.8 trillion in the latest fiscal year, driven by higher spending on interest and programs for older Americans, as the government faces a persistent gap between federal outlays and tax collections.
Budget deficit for FY2024 hits $1.8 trillion, up from FY2023: CBO
The deficit totaled $1.8 trillion in FY2024, marking the second year in a row that deficits have totaled close to $2 trillion, according to the Congressional Budget Office (CBO) monthly budget review. In FY2023, the deficit was slightly lower at $1.7 trillion.
CBO Estimates 2024 Deficit Totaled $1.8 Trillion
The Congressional Budget Office (CBO) released its estimate of the Fiscal Year (FY) 2024 budget deficit in its Monthly Budget Review, showing a
US budget deficit hits $1.8 trillion for fiscal 2024, per CBO
Yet again, the federal government spent far more than it collected in revenue, racking up a budget deficit of $1.8 trillion for fiscal year 2024, according to the Congressional Budget Office.
Federal budget deficit grew to $1.8 trillion for fiscal 2024, CBO estimates
The Congressional Budget Office estimated Tuesday that the federal budget deficit for fiscal 2024 rose to $1.8 trillion, the highest in three years. The analysis showed that fiscal 2024’s deficit increased from $1.7 trillion in fiscal 2023. The new numbers come as the federal government faces an increasingly dire fiscal situation.
U.S. deficit hits $1.8 trillion as interest costs rise
The federal budget deficit swelled to $1.8 trillion in the fiscal year that ended in September, an enormous sum that significantly increases the national debt as Washington barrels toward a potential 2025 showdown over spending and taxes.
U.S. Budget Deficit Rises to $1.8 Trillion in 2024
New estimates from the Congressional Budget Office show continuing fiscal strain, despite steady economic growth.
13h
CBO evaluates the drug pricing policy menu
A slate of popular policies commonly bandied about to help reduce drug costs would each cut average prices by only a handful of percentage points, according to a recent Congressional Budget Office ...
FiercePharma
12h
Popular proposals would result in no reductions, or modest reductions, in 2031 prices: CBO
The Congressional Budget Office found that only one out of the seven policies it reviewed would create notable reductions in ...
Opinion
8d
Opinion
Respected CBO staffer retires after nearly a half-century
One of the Congressional Budget Office’s longest-serving and most influential staffers, retired last week after 48 years on ...
MNI
13h
MNI INTERVIEW: CBO's Swagel Sees Fiscal Headroom In Near Term
The U.S. fiscal outlook is fraught with rising risks, but the next president has enough fiscal space to take on more debt ...
Business Times
4h
CBO estimates US$1.8 trillion US deficit for fiscal 2024, largest after Covid
THE Congressional Budget Office estimated on Tuesday a US federal deficit of US$1.834 trillion for fiscal 2024, the highest ...
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