Budget deficit cut in half for biggest drop ever amid Covid spending declines
https://www.cnbc.com/2022/10/21/us-...are|com.apple.UIKit.activity.CopyToPasteboard
“The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.
Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.”
Obviously this was due to COVID spending the previous year but good job Biden! For reference, the budget deficit was $984.4 billion in 2019 before all of this. Hopefully we keep chopping that down
https://www.cnbc.com/2022/10/21/us-...are|com.apple.UIKit.activity.CopyToPasteboard
“The U.S. budget deficit was sliced in half for fiscal 2022, the biggest drop in history following two years of huge Covid-related spending.
Though still large in historical terms, the budget shortfall declined to $1.375 trillion, compared to the 2021 deficit of $2.776 trillion.”
Obviously this was due to COVID spending the previous year but good job Biden! For reference, the budget deficit was $984.4 billion in 2019 before all of this. Hopefully we keep chopping that down