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US budget deficit nears $2 trillion, a five-year high
Original: US annual budget gap hits nearly $2T, largest in 5 years
The United States' annual budget deficit has climbed to nearly $2 trillion, the largest fiscal gap in five years, according to Treasury figures reported by Reuters. The widening shortfall is drawing attention to rising government spending, interest costs and debt levels, with observers questioning the sustainability of US fiscal policy and its implications for the broader economy.
Why now: Fresh official figures show the US deficit hitting its largest level in five years, raising fresh concerns about fiscal sustainability.
United StatesUS Treasury DepartmentReuters
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- US annual budget gap hits nearly $2T, largest in 5 years · JumpCrisscross · 25
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