The US federal budget deficit surged in August with one month to go until the end of the fiscal year as higher interest costs continued to weigh on the overall balance. Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisFor Tenants,

A Treasury official said that the deficit for the first 11 months of the 2024 fiscal year reached $1.897 trillion, a 24% increase from a gap of $1.525 trillion in the year-ago period, as the current y

The US budget deficit surged in August with one month to go until the end of the fiscal year as higher interest costs continued to weigh on the overall balance.

The U.S. federal government spent $380.0B more than it earned in August, a far greater shortfall than the -$285.7B expected and July's -$244.0B, according to the Treasury Department's statement issued on Thursday.