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US budget deficit hits $1.8 trillion for fiscal 2024
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.
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.
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.
Canada posts 6th straight monthly trade deficit
GDP may get a lift after U.S. trade deficit drops to 5-month
The U.S. trade deficit sank almost 11% in August because of lower imports of oil and new cars, potentially giving a boost to the official measure of economic growth in the third quarter.
Lower Oil Exports Drag Canada to Sixth Monthly Trade Deficit
Canada recorded a C$1.1 billion ($806 million) trade deficit in August as crude oil exports fell, driven mainly by lower prices for the commodity that is central to the country’s economy.
Canada posts sixth straight monthly trade deficit in August
Canada recorded a bigger-than-expected trade deficit of C$1.1 billion ($806 million) in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday.
Harris Takes Lead Over Trump, New Poll Shows
The Latest: New analysis says both Trump and Harris' plans would increase the deficit
No one is likely to be happy with the projected higher deficits laid out in a new analysis of Kamala Harris’ and Donald Trump’s economic plans
Poll Finds Harris Rising as She Challenges Trump on Change
Follow along with the latest updates on Trump, Harris and the 2024 election. Voters are now more likely to credit Vice President Kamala Harris than Donald J. Trump with representing change and caring about people like them,
Kamala Harris Holds Record Lead Over Donald Trump in New Poll
The latest findings suggest Harris is still gaining traction in the polls with a month to go until the election.
11h
Smaller US trade deficit supports strong economic growth estimates for third quarter
The U.S. trade deficit narrowed sharply in August as exports increased to a record high, suggesting trade could have little ...
4h
on MSN
Lewisville ISD latest North Texas district to consider school closures to address budget deficit
"We actually have less money now, when you account for inflation, than we did in 2016," the superintendent said.
Opinion
2d
Opinion
Deficit, debt and democracy
Democracy is allegedly on the ballot - and indeed it is - and has been almost since the birth of our Republic.
11h
America The Tax Haven? Exploring The U.S. Trade Deficit
In this episode of Tax Notes Talk, Professors Kenneth Austin and Hillel Nadler discuss the policies that they believe make ...
1d
on MSN
Amid deficit, CCSD could add $3.5M in litigation costs
As the Clark County School District faces a potential $20 million deficit — a shortfall it has blamed, in part, on the cost ...
13h
U.S. Trade Deficit Narrows In August As Exports Jump, Imports Fall
With exports surging and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit ...
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