US Budget Gap Widens 16% in First Four Months of Fiscal Year

13 February 2024

(Bloomberg) — The deficit for the first four months of the 2024 fiscal year reached $532 billion, or 16% more than recorded in the same period in the prior year, according to data from the Treasury Department released Monday showed. Interest costs in the four months through January were $357 billion, a 37% jump from 2023.

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