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U. S Government shutdown impact: Budget deficit jump to $284 billion . . . Budget deficit last month was up $27 billion, or 10% higher, than the $257 billion deficit posted in October 2024, largely due to the shift of some $105 billion worth of November benefit outlays for some military and healthcare programs into October
Deficit Tracker - Bipartisan Policy Center Each year’s deficit adds to the already enormous national debt, with interest costs driving further spending growth The annual deficit is the product of numerous cash flows into and out of the Treasury that reflect past choices by lawmakers
Understanding Deficits: Definition, Types, Risks, and Benefits A deficit is a financial situation where expenses exceed revenues, imports exceed exports, or liabilities exceed assets, often leading to increased debt for governments, companies, or individuals