Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion.

www.thecentersquare.com

Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion.

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News@lemmy.worldEnglish · 1 month ago

Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion

www.thecentersquare.com

(The Center Square) – The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures released Friday by U.S. Treasury Department.

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Federal Reserve Economic Data shows debt:GDP holding at 120% since spiking during the pandemic.

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