Understanding Budget Deficits: Causes, Impact, and Solutions
Understanding Budget Deficits: Causes, Impact, and Solutions
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The# US government ended its fiscal year in September with a budget deficit of nearly $1.7 trillion, the 3rd-largest on record. The US Treasury Department says the figure is up more than 23% from the previous year. The budget shortfall adds to the staggering US debt total, which now stands at $33.6 trillion. | CGTN Global Watch | Facebook
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