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The Deficit Rose to $1.7 Trillion in 2023. The White House Blames Republican Tax Cuts.

The federal budget deficit for fiscal year 2023 was $1.695 trillion, up from $1.375 trillion the prior year, according to data released Friday by the Treasury Department. Receipts for the year came in just over $4.4 trillion, down more than 10% from nearly $4.9 trillion in fiscal year 2022. Outlays fell 2%, from almost $6.3 trillion to about $6.1 trillion. Net interest costs surged to $659 billion, up from $476 billion in 2022 and $352 billion in 2021. “Most economists say these payments are eco ....

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Federal deficit effectively doubled in fiscal year 2023

The US budget deficit soared in fiscal year 2023, which will likely complicate Congress’ efforts to come to a federal spending deal before government funding runs out next month. ....

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Federal deficit rose to $1.7 trillion in fiscal 2023

The federal budget deficit rose to $1.7 trillion in fiscal 2023, according to data released Friday by the Treasury Department. The gulf between how much money the federal government spent and made in revenue rose by $320 billion between fiscal 2023 — which ended September 30 — and the previous fiscal year. The fiscal 2023… ....

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As War, Weak Bonds Hit Market, Investors Head to McDonald's, P&G

As War, Weak Bonds Hit Market, Investors Head to McDonald's, P&G
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House Republicans are making a gamble with a possible Jim Jordan speakership

If House Republicans elect hard-charging Jim Jordan as speaker on Tuesday, they will be picking an election denier who is known for working to shut down the government rather than running it. ....

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