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The U.S. posted a $1.7 trillion deficit for the 2023 fiscal year despite repeated warnings that federal spending is on an unsustainable path. The federal government spent $1.695 trillion more than it collected in revenue in 2023, a 23% increase over the prior year and the highest since the $2.78 trillion deficit in 2021. The […]
The post U.S. posts $1.7 trillion deficit despite warnings about unsustainable fiscal path appeared first on The Black Chronicle.
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