Deficit Nears $2 Trillion as Lawmakers Borrow $5 Billion Per Day

By Casey Harper | The Center Square (Worthy News) – The U.S. annual deficit is nearing $2 trillion for this fiscal year, almost double the record deficits before the COVID-19 pandemic, as federal borrowing hit more than $5 billion per day. The U.S. Congressional Budget Office reported that the federal deficit hit an estimated $1.8 billion in fiscal year 2024, $139 billion higher than the deficit from the previous fiscal year. The troubling deficit news comes as the national debt continues to soa