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2. National Deficit | U.S. Treasury Fiscal Data

   fiscaldata.treasury.gov/americas-finance-guide/national-deficit

   Understanding the National Deficit. A budget deficit occurs when money going out (spending) exceeds money coming in (revenue) during a defined period. In FY 2023, the federal government spent $ 6.13 trillion and collected $ 4.44 trillion in revenue, resulting in a deficit.

3. U.S. Budget Deficit by Year - The Balance

   www.thebalancemoney.com/us-deficit-by-year-3306306

   According to the Congressional Budget Office (CBO), the budget deficit will rise from $1.6 trillion, or 5.6% of GDP, in fiscal year 2024 to $2.6 trillion, or 6.1% of GDP, in 2034. Meanwhile, the budget deficit in 2020 was about $3.1 trillion, the largest in U.S. history.

4. Budget Deficit: Causes, Effects, and Prevention Strategies -...

   www.investopedia.com/terms/b/budget-deficit.as

   A budget deficit occurs when government expenses exceed revenue. Many people use it as an indicator of the financial health of a country. It is a term more commonly used to refer to...

5. Deficit Tracker - Bipartisan Policy Center

   bipartisanpolicy.org/report/deficit-

   The Congressional Budget Office estimates that the federal government ran a deficit of $20 billion in December 2021, the third month of fiscal year 2022. This deficit was the difference between $486 billion in revenues and $507 billion of spending.

6. The federal deficit surges, nearly tripling in the last nine...

   www.npr.org/2023/07/13/1187540763

   The U.S. budget deficit ballooned in the first nine months of its fiscal year, both because of a sharp increase in government spending and a significant drop in tax revenues.

7. The Ultimate, Definitive Guide to the Budget Deficit - Brookings

   www.brookings.edu/articles/the-ultimate-definitive-guide-to-the-budget-deficit

   What is the budget deficit? The federal budget deficit is the difference between the government’s income (the money coming in) and its expenditures (the money going out). Usually we...

8. Joint Statement of Janet L. Yellen, Secretary of the Treasury,...

   home.treasury.gov/news/press-releases/jy1829

   The FY 2023 deficit was $31 billion lower than the baseline estimate of $1.73 trillion in the 2024 Budget published in March, and $26 billion higher than the baseline estimate of $1.67 trillion in the Mid-Session Review (MSR), a supplemental update to the Budget published in July.

9. FACT SHEET: The President’s Budget Cuts the Deficit by $3...

   www.whitehouse.gov/briefing-room/statements-releases/2024/03/11/fact-sheet-the...

   The President’s Budget improves the Nation’s fiscal outlook and reduces long-term fiscal risks by reducing the deficit, stabilizing deficits and debt as a share of the economy over the...

10. Budget | Congressional Budget Office

    www.cbo.gov/topics/budget

    In CBO’s projections, federal budget deficits total $20 trillion over the 2025–2034 period and federal debt held by the public reaches 116 percent of GDP. Economic growth slows to 1.5 percent in 2024 and then continues at a moderate pace.

11. Why did the budget deficit grow so much in FY 2023? And ... - ...

    www.brookings.edu/articles/why-did-the-budget-deficit-grow-so-much-in-fy-2023...

    The federal budget deficit—the difference between government spending and revenues— increased from 5.4% of GDP in FY 2022 to 6.3% of GDP in FY 2023.