Read: https://www.cbo.gov/system/files/2024-10/60730-MBR.pdf
The federal budget deficit was $1.8 trillion in fiscal year 2024, the Congressional Budget Office estimates. The estimated deficit for 2024 was $139 billion more than the shortfall recorded during fiscal year 2023.
Net interest on the public debt was $950 billion for the year, and $80 billion for September [$950 billion - $870 billion as of the end of August].
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The Federal Reserve now has a deficit of $199.8 billion as of 9/25/2024, (the last Wednesday in fiscal year 2024), compared to $193.3 billion as of 8/28/24. So this increased $6.5 billion in the month.
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The National Debt as of 9/30/24 is $35.465 trillion. One year earlier on 9/30/23 it was $33.167 trillion. So it increased 6.9% in one year.
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Note that the National Debt increased $2.3 trillion in one year, but the deficit for the year was only $1.8 trillion. So there is a "leakage", for lack of a better term, of $500 billion. So projections of the debt should include this.
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