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U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark

The Biden administration rang up a budget deficit topping $1.8 trillion in fiscal 2024, up more than 8% from the previous year and the third highest on record, the Treasury Department said Friday. Even with