Connect with us
  • tg

Forex

U.S. budget deficit totaled $262 billion in February 

letizo News

Published

on

U.S. budget deficit

According to a report from the U.S. Treasury Department, the U.S. budget deficit in February was $262,434 billion compared to a $38.8 billion deficit in January. The Dow 30 also had problems.

Analysts at DailyFX suggested that the nation’s budget deficit for February was expected to be $256 billion. A year earlier, in February, the U.S. posted a budget deficit of $216,590 billion.

According to the GAO report, U.S. government spending rose 3.5 percent year over year last month to $524.548 billion, while revenue, in contrast, declined 9.5 percent to $262,114 billion.

Earlier, the U.S. edition of the Washington Post published an editorial stating that the new draft budget proposed by the Biden administration undermines U.S. national security and its ability to invest in the future, because it suggests a further growth of the U.S. national debt.

The WP editorial board noted that the new draft budget assumes a $2 trillion budget deficit, including due to the high cost of providing health insurance to the elderly of the baby boomer generation.

Earlier we reported that the EU has agreed to reduce energy consumption by 11.7% by 2030.

Forex

Erste says NBR comfortable with new EUR/RON range of 5.05-5.10

letizo News

Published

on

Continue Reading

Forex

Dollar marginally higher as Trump’s trade deadline approaches

letizo News

Published

on

Continue Reading

Forex

Asia FX, dollar dip on Trump tariff jitters; Aussie slips ahead of RBA rate call

letizo News

Published

on

Continue Reading

Trending

©2021-2024 Letizo All Rights Reserved