Federal Deficit Spikes Nearly 40% In First Quarter Of 2025
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MSNBenzinga
Federal Deficit Spikes Nearly 40% In First Quarter Of 2025
The U.S. federal budget deficit surged during the first quarter of fiscal 2025, climbing nearly 40% higher than last year. The Treasury Department reported a shortfall of over $80 billion for December, a 33% decline from December 2024. Increased financing costs, growing spending, and declining tax receipts have contributed to the widening ...
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