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US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record

The fiscal 2023 deficit had been reduced by the reversal of $330 billion of costs associated with President Joe Biden's student loan program after it was struck down by the US Supreme Court. It would have topped $2 trillion without this anomaly.
Last Updated : 19 October 2024, 01:46 IST
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Published 19 October 2024, 01:46 IST

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