U.S. Budget Deficit Surges to $1.8 Trillion in Fiscal Year 2024, Third-Largest on Record
The U.S. budget deficit swelled to $1.833 trillion in fiscal year 2024, marking the third-largest deficit in American history, driven by rising debt interest payments and growing expenditures in key areas such as Social Security, healthcare, and military spending. This significant shortfall, which ended on September 30, 2024, reflects an 8% increase from the previous … Read more