Beltway Confidential

How the federal budget deficit doubled under Biden in a single year

By Tiana Lowe Doescher

Published October 27, 2023 9:05am ET

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How the federal budget deficit doubled under Biden in a single year — The United States is increasingly losing the war against red ink. Per new Treasury Department figures, the U.S. government is courting a worsening fiscal crisis. Officially, Treasury Secretary Janet Yellen said the federal government ran a $1.7 trillion deficit for fiscal 2023, which ended Sept. 30. That’s up from a $1.4 trillion federal budget deficit […]

The United States is increasingly losing the war against red ink.

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Deficit Federal Reserve Inflation Joe Biden Treasury Department Washington D.C.