US Half Year Budget Deficit Exceeds $1.3 Trillion, Set Second Highest in History

On April 12th, data released by the US Treasury Department showed that the federal budget deficit for the first half of fiscal year 2025 (October 2024 to March 2025) has exceeded $1.3 trillion, the second highest semi annual budget deficit in history. The budget deficit for the entire fiscal year 2024 is $1.8 trillion. Xinhua News Agency

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