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 De-Dollarization: BRICS Shifts $260 Billion Trade Away from Dollar READ MORE Bankrupt Crypto Lender Genesis Settles SEC Lawsuit READ MORE T+1 Transition Troubles: How the Fast Pace of US Stocks Could Disrupt Currency Trades READ MORE Gold's Unprecedented Surge in an Everything Rally READ MORE Copper Prices Dip Amidst Dollar Strength and China's Real Estate Slump READ MORE Add a Comment Cancel replyYour email address will not be published.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