POLIBIZ – The latest data from the US Department of Treasure shows that in the fiscal year 2024 the federal government collected $4.92 trillion in revenue, spent $6.75 trillion, resulting in a deficit of $1.83 trillion in an alarming increase for 3 consecutive years. If regardless of the 2 years affected by Covid-19, this would be the largest deficit ever in the US history.
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| It's hard to envisage when the USA can stop the trend of climbing federal deficit during the past 3 decades. |
