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News@lemmy.worldEnglish · 21 days ago

Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion.

www.thecentersquare.com

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Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion.

www.thecentersquare.com

Dot.@feddit.org to

News@lemmy.worldEnglish · 21 days ago

Feds end 2024 with $1.8 trillion deficit; national debt nears $36 trillion

www.thecentersquare.com

(The Center Square) – The federal government spent $1.8 trillion more than it collected in tax revenue in fiscal year 2024, according to figures released Friday by U.S. Treasury Department.

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21 days ago
The end of the fiscal year 2024 is 30/Sep and the start was in 1/Oct 2023 .

Here is a article explaining it: Why the beginning of fiscal year 2024 is in October, not January.

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