The American economy is facing serious problems: the budget deficit has crossed the limits
Washington: The US budget deficit has reached 1.7 trillion dollars due to the reduction of taxes and the increase in interest rates on loans.
According to details, the US budget deficit increased by 320 billion dollars to 1.7 trillion dollars during the fiscal year ended on September 30, due to the decrease in tax revenues and the increase in interest rates on loans.The French news agency said with reference to the US data released yesterday that the budget deficit for the year has increased to 1.7 trillion dollars, which is 320 billion dollars more than a year ago.
He said that the Supreme Court canceled President Joe Biden's student loan forgiveness scheme, which led to a reduction in government spending, but $134 billion in Social Security and $162 billion in interest on government debt. Congress faces a Nov. 17 deadline to act on the budget and avoid a possible government shutdown.
Experts say that President Joe Biden, who plans to run for the presidency again in 2024, the budget deficit will cause pressure on him. They said that the main reason for the increase in the US budget deficit in 2022 is the situation of the pandemic and the There are after effects.
Washington: The US budget deficit has reached 1.7 trillion dollars due to the reduction of taxes and the increase in interest rates on loans.
According to details, the US budget deficit increased by 320 billion dollars to 1.7 trillion dollars during the fiscal year ended on September 30, due to the decrease in tax revenues and the increase in interest rates on loans.
The French news agency said with reference to the US data released yesterday that the budget deficit for the year has increased to 1.7 trillion dollars, which is 320 billion dollars more than a year ago.
He said that the Supreme Court canceled President Joe Biden's student loan forgiveness scheme, which led to a reduction in government spending, but $134 billion in Social Security and $162 billion in interest on government debt. Congress faces a Nov. 17 deadline to act on the budget and avoid a possible government shutdown.
Experts say that President Joe Biden, who plans to run for the presidency again in 2024, the budget deficit will cause pressure on him. They said that the main reason for the increase in the US budget deficit in 2022 is the situation of the pandemic and the There are after effects.