US budget gap soars to 17 trillion largest outside COVID era

WASHINGTON : The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose. The Treasury Department said the deficit was the largest…Read More

Leave a Reply

Your email address will not be published. Required fields are marked *