US Budget Deficit Widens by $196Bln Since Start of Fiscal Year - CBO

NAMPA / Sputnik

2025-05-09

WASHINGTON, May 9 (RIA Novosti) - The US budget deficit has widened by $196 billion since the start of this fiscal year despite efforts of US President Donald Trump’s administration to cut spending and the number of state employees, the Congressional Budget Office (CBO) said in a report. Federal spending rose by $342 billion from October to April compared with the same period last year, driven by defense, immigration programs and social security,......

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