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 Gold Market Volatility Persists, But Long-Term Bullish Trend Remains Intact READ MORE Global Platinum Market Faces Increased Deficit in 2024, Says WPIC READ MORE Gold Dips as Market Awaits Federal Reserve Clues from Inflation Data READ MORE Japan's Corporate Goods Prices Hit Record High as Import Costs Surge READ MORE Are the Gold Bulls Overexuberant? READ MORE Add a Comment Cancel replyYour email address will not be published.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