Federal deficit tops 2 trillion in last 12 months

Federal deficit tops 2 trillion in last 12 months

WASHINGTON (TND) — The federal government’s budget deficit has soared to $2.1 trillion over the last 12 months bringing it to twice as large as pre-pandemic levels. According to the Committee for a Responsible Federal Budget analysis, federal spending rose by 11% While tax revenue fell by 6%. Former White…Read More

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