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 Renewed Geopolitical Tensions and US Inflation Spike Reignite Currency Market Volatility READ MORE Strong U.S. December Job Growth Questions Potential March Fed Rate Cut READ MORE Golden Surge on the Horizon: UBS Predicts a 10% Leap Amid Rate Cut Speculations READ MORE Leading Economic Index No Longer Predicts U.S. Recession -Conference Board READ MORE Gold Rebounds on Rate Cut Expectations and Safe-Haven Appeal READ MORE Add a Comment Cancel replyYour email address will not be published.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