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U.S. budget deficit swells to $129 billion in December

Por: MarketWatch Politics January 11, 2024

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Key details: In December, spending increased at a faster pace, while receipts shrank, the department said. Receipts were down $26 billion to $429 billion from a year ago, while outlays were up $19 billion to $559 billion. Interest on the federal debt was up $78 billion, to $288 billion, over the first three months of the fiscal year compared with the same period a year earlier. The Federal Reserve’s rapid increase in interest rates is leading... + full article



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