Tax Season and Rising Debt Costs Push U.S. February Deficit Wider The U.S. government’s budget deficit ballooned in February, driven by a significant increase in spending due to the tax refund season and escalating interest costs on the national debt, according to the U.S. Treasury Department. The deficit reached $296 billion for the month, marking a 13% increase from February 2023’s $262 billion gap. This uptick comes as expenditures hit a record $567 billion for February, a jump of 8%, while income rose modestly by 3% to $271 billion. This development slightly surpassed economists’ forecasts, who had anticipated a $299 billion deficit. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Home Sales Hit a New Low: 2023 Ends with Weakest Performance Since 1995 READ MORE Morgan Stanley Forecasts Gold Prices Surpassing $2,600 by Year-End READ MORE Gold's Unpredictable Dance with Interest Rates: Morgan Stanley Reveals a Weakening Bond READ MORE What is a Goldback? How and Where to Buy Goldbacks in The United States READ MORE Gold Pulls Back from Monday's Record Closing-High READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment