US budget deficit slashed in half, but remains far above pre-pandemic levels, as Covid spending winds down
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The US budget deficit was slashed in half during fiscal year 2022, a record $1.4 trillion drop driven by the winding down of massive pandemic-related spending and a jump in revenues for the federal government as jobs and wages surged during the economic recovery.
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The US budget deficit was slashed in half during fiscal year 2022, a record $1.4 trillion drop driven by the winding down of massive pandemic-related spending and a jump in revenues for the federal government as jobs and wages surged during the economic recovery.
from CNN.com - RSS Channel https://ift.tt/80g4JjZ
via IFTTT
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