Federal Deficit Spikes Nearly 40% In First Quarter Of 2025
0:40
MSNBenzinga
Federal Deficit Spikes Nearly 40% In First Quarter Of 2025
The U.S. federal budget deficit surged during the first quarter of fiscal 2025, climbing nearly 40% higher than last year. The Treasury Department reported a shortfall of over $80 billion for December, a 33% decline from December 2024. Increased financing costs, growing spending, and declining tax receipts have contributed to the widening ...
Jan 15, 2025
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ONE TRILLION DOLLAR DEFICITS: The non-partisan Congressional Budget Office is reporting the federal deficit will reach $1 trillion dollars in 2020, citing President Trump’s tax cuts, the trade war with China and an increase in federal spending. David Muir reports. https://abcn.ws/324ETRN | ABC World News Tonight with David Muir
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