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NextImg:Federal budget deficit grew to $1.8T for fiscal 2024, CBO estimates - Washington Examiner

The federal budget deficit for fiscal year 2024 rose to $1.8 trillion, the highest in three years, the Congressional Budget Office estimated Tuesday.

The analysis shows that 2024’s deficit increased from the $1.7 trillion notched in fiscal year 2023. The new numbers come as the federal government stares down an increasingly dire fiscal situation.

This story is breaking and will be updated.