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. While ...

October and November were massive deficit months followed up by a modest December. On average, all three months were way worse than history. While 2024 was a record revenue year, it was also a record ...

WASHINGTON (Reuters) -The U.S. budget deficit grew to $1.833 trillion for fiscal 2024, the highest outside of the COVID era, as interest on the federal debt exceeded $1 trillion for the first time and ...

The numbers: The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenues. The fiscal year ended on Sept. 30. Key ...

WASHINGTON, Sept 12 (Reuters) - The U.S. budget deficit reached $1.897 trillion for the first 11 months of the 2024 fiscal year, the Treasury Department said on Thursday, as annual interest costs on ...

Pennsylvania has a 2024-25 spending plan, and in just under two weeks past the June 30 constitutional deadline. Lawmakers in Harrisburg and Gov. Josh Shapiro on Thursday night signed off on a $47.6 ...

The federal deficit clocked in at $1.8 trillion for fiscal 2024, according to the final estimate released Tuesday by the Congressional Budget Office. While generally in line with prior forecasts, the ...