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The U.S. budget deficit for July reached $432.3 billion, marking a 48% increase from the previous year and the highest monthly deficit since March 2021. The total deficit for the first ten months of the fiscal year is nearly $1.8 trillion, with significant contributions from Medicare expenses and tariff refunds.
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The U.S. budget deficit for July reached $432.3 billion, marking a 48% increase from the previous year and the highest monthly deficit since March 2021. The total deficit for the first ten months of the fiscal year is nearly $1.8 trillion, with significant contributions from Medicare expenses and tariff refunds.
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U.S. Budget Deficit Reaches Highest Monthly Level in Over Five Years