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Federal deficit effectively doubled in fiscal year 2023


Federal deficit effectively doubled in fiscal year 2023 | CNN Politics

The US budget deficit soared in fiscal year 2023, which will likely complicate Congress' efforts to come to a federal spending deal before ...

U.S. Deficit, Pegged at $1.7 Trillion, Effectively Doubled in 2023

The latest Treasury Department figures showed a budget deficit of $1.7 trillion in 2023, up from $1.37 trillion in 2022.

America's Underlying Deficit Doubled in Fiscal Year 2023

In FY23 the federal government officially incurred a budget deficit of $1.7 trillion — about $320 billion higher than last year's amount.

Why America's deficit doubled to $2 trillion in one year - Axios

The logic: Most federal government obligations are real, not nominal. Higher inflation means higher Social Security and Medicare costs, not to ...

The Budget and Economic Outlook: 2023 to 2033

CBO projects a federal budget deficit of $1.4 trillion for 2023. (Deficits and spending have been adjusted to exclude the effects of shifts that ...

The US federal budget deficit effectively doubled this year

The country's worsening finances could make federal funding negotiations even tenser.

The Federal Deficit Is Growing. This Is Why. - The New York Times

America's federal budget deficit effectively doubled over the year to $2 trillion, a surprising jump given the strength of the economy.

Federal deficit effectively doubled in fiscal year 2023 - AOL.com

The US budget deficit soared in fiscal year 2023, which will likely complicate Congress' efforts to come to a federal spending deal before ...

Federal budget deficit expected to nearly double to around $2 trillion

It follows a sharp drop in the budget shortfall in fiscal year 2022 after two years of giant deficits swollen by record government spending on ...

Federal deficit unexpectedly set to double this year - Axios

There's no precedent for deficits this large, as a share of the economy — outside extreme events.

Federal Budget Deficit Grew to $2 Trillion in FY 2023 - Tax Foundation

Outside of the pandemic years, this year's federal deficit is the highest in U.S. history. Explore the latest federal budget deficit data.

Let's talk about revenue and the budget deficit - Marketplace.org

The vast majority of federal revenue comes from taxes, and the drop in 2023 revenue was mostly due to a drop in individual income taxes.

Top 10 Fiscal Charts of 2023

In 2023, policymakers enacted $1.3 trillion of ten-year deficit reduction – the most since 2011. This included $1.6 trillion in gross ten-year savings.

US Budget Gap Widened During Year on Rate Rise, Revenue Drop

The US government's budget deficit widened in 2023 as lower income-tax receipts dragged down revenue while rising interest rates added to spending.

Financial Audit: Bureau of the Fiscal Service's FY 2024 and FY 2023 ...

Treasury's Fiscal Service issues debt to borrow money for federal operations and reports the debt on financial statements called the ...

The New York Times on X: "The U.S. federal budget deficit ...

The U.S. federal budget deficit effectively doubled in the 2023 fiscal year. Here's why. https://t.co/4Aw825cAVc.

An Update to the Budget and Economic Outlook: 2024 to 2034

The federal budget deficit in fiscal year 2024 is $1.9 trillion. Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit ...

Deficit Tracker - Bipartisan Policy Center

Even as the U.S. economy expands, the federal government continues to run large and growing budget deficits that will soon exceed $1 trillion per…

Road Map Needed to Address Projected Unsustainable Debt Levels

The federal government faces an unsustainable long-term fiscal path that poses serious economic, security, and social challenges if not ...

Budget of the United States Government, Fiscal Year 2023

America entered 2021 in the midst of a devastating health crisis, on the heels of the worst economic crisis since the Great Depression. We ended 2021 having ...