Widest gap outside of the COVID era, the US budget deficit climbs to $1.7 trillion.
The United States government announced on Friday that the budget deficit for the fiscal year 2023 was $1.695 trillion, a 23% increase over the previous year as a result of declining income and rising spending for Social Security, Medicare, and the nation’s historically high interest rates. The deficit, according to the Treasury Department, is the … Read more