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2024 fiscal year Flash News List | Blockchain.News
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List of Flash News about 2024 fiscal year

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2025-02-23
15:24
US Government's Financial Imbalance in FY 2024 Raises Debt Concerns

According to The Kobeissi Letter, the US government experienced $7.8 trillion in gross costs against approximately $5.0 trillion in revenue for FY 2024. This fiscal imbalance, where the government spends $1.56 for every $1.00 of revenue, contributes to the increase in total US debt by more than $13 trillion since 2020. This situation highlights potential risks for investors in US Treasury securities and could lead to volatility in related financial markets.

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