The US federal budget deficit effectively doubled this year

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.

The US federal budget deficit effectively doubled this year

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

The 12-Month Rolling Deficit Totals $2.1 Trillion in August 2024

From September 2023 through August 2024, the federal budget deficit totaled $2.1 trillion based on estimates from the Congressional Budget Office (CBO).

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…

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: 2024 to 2034

In CBO's projections, federal budget deficits total $20 trillion over the 2025–2034 period and federal debt held by the public reaches 116 percent of GDP.

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

Jim Tankersley covers economic policy and writes extensively about taxes, spending, deficits and debt. Oct. 20, 2023. America's federal budget deficit effectively doubled over the year to $2 trillion, a surprising jump given the strength of the economy.

A Warning About the Nation's Fiscal Health | U.S. GAO

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

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 ...

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 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 ...

US Debt & Deficits: Reforms to Federal Budget & Spending

Tax Foundation experts analyze reforms to the federal budget and federal spending to rein in the national debt (US debt and deficits).

How Worried Should You Be About The U.S. Debt And Deficit?

However, the fiscal space for additional stimulus might be constrained by an already wide budget deficit. This could slow any economic recovery.

Policy Options for Reducing the Federal Debt: Spring, 2024

We analyze the budgetary and economic effects of three very different illustrative policy bundles that reduce federal budget deficits over ...

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 ...

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.

When Does Federal Debt Reach Unsustainable Levels?

PWBM estimates that---even under myopic expectations---financial markets cannot sustain more than the next 20 years of accumulated deficits projected under ...

Fiscal Year 2023 Financial Report of the United States Government

W ASH I N G T O N , D . C . February 15, 2024. A Message from the Secretary of the Treasury. During fiscal year 2023, the American economy continued to ...

A Case for Federal Deficit Reduction | Cato Institute

The United States is heading for a fiscal crisis, sooner or later, if it does not reduce its federal budget deficit to curb the growth of debt.