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Federal budget deficit fell to $1.4 trillion as pandemic spending eased

Por: The Boston Globe Nation October 22, 2022

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WASHINGTON — The federal budget deficit fell to $1.4 trillion for the 2022 fiscal year from $2.8 trillion a year ago, a reduction driven primarily by the winding down of pandemic emergency spending and a surge in tax receipts, according to the Treasury Department.President Biden trumpeted the deficit reduction Friday morning, saying the fact that it was cut roughly in half was evidence that his economic policies were working. With soaring... + full article



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