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US budget deficit widens to $1.8 tn, third highest on record
US budget deficit widens to $1.8 tn, third highest on record

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt. In the latest fiscal year, there was a near 30 percent rise in spending on interest on the public debt, largely due to higher interest rates, the Treasury noted.