Biden ends fiscal year with .8 trillion deficit; gross interest payments top trillion

Biden ends fiscal year with $1.8 trillion deficit; gross interest payments top $1 trillion

October 18, 2024 / Swedan Margen /




President Biden closed his last full fiscal year with a $1.833 trillion deficit, marking the worst nonpandemic year in history and raising fears the government is heading for an uncontrollable fiscal spiral.



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Swedan Margen

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