Us Deficit

US Budget Crunch: CBO Warns Federal Interest Costs Now Higher Than Defense Spending, Deficits To Remain Above 5.5% Until 2034

CBO warns that the growing federal deficit puts financial strain on the U.S. government as interest costs set to surpass defense spending for the first time ever.

US Treasury To Borrow $243B More This Spring: Dollar Climbs, Stocks Trim Gains

U.S. Treasury expects to borrow $243 billion in Q2 2023, $41 billion more than previous estimate. Market reactions include rise in yields and dollar.