US budget deficit widens to $1.8 tn, third highest on record

US budget deficit widens to $1.8 tn, third highest on record …C0NTINUE READING HERE >>>

The US Treasury Department said the budget deficit rose in fiscal year 2024, hitting the third-largest on record..
Photo: SAUL LOEB / AFP/File
Source: AFP

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023’s level on greater spending, including for interest on the public debt.

The overall deficit expanded by $138 billion for the year ending September 30, said the Treasury Department. The nation’s debt remains a key concern for voters ahead of November’s presidential election.

This year marks the third highest US deficit, behind…

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