WASHINGTON: US federal budget deficit totaled $360 billion during the first seven months of fiscal year 2022 (from October 2021 through April 2022), according to Congressional Budget Office (CBO) estimates released Monday. This amount is about one-fifth of the $1.9 trillion shortfall recorded during the same period during the fiscal year 2021, the CBO said … Read more
WASHINGTON – The US budget deficit narrowed slightly in the past year as the economy recovered from the Covid-19 pandemic, falling $360 billion to $2.8 trillion, the government reported Friday. The result for the fiscal year ended September 30 was far better than expected a few months ago, but just shy of the record set in 2020 during … Read more
The US budget deficit has increased to more than $3tn, a record high increase is seen. The Treasury Department said that the federal government has spent more than $6tn in the first 11 months of its financial year, including $2tn on coronavirus programmes. According to the international news agency, the deficit is more than double the previous … Read more
