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US Federal Deficit Hits $1.8 Trillion for 2nd Straight Year
US Federal Deficit Hits $1.8 Trillion for 2nd Straight Year
Andrew MoranUpdated 11 months Ago1 Mins read182 Views
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US Federal Deficit Hits $1.8 Trillion for 2nd Straight Year
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The national debt clock is displayed in Washington on April 14, 2025. Madalina Vasiliu/The Epoch Times
The federal government registered a $1.8 trillion budget deficit for fiscal year 2025, according to new data from the Congressional Budget Office (CBO), released on Oct. 8.
This year’s shortfall was $8 billion lower than the deficit recorded for 2024, the nonpartisan budget watchdog said.
