The United States ends the fiscal year with a budget deficit of nearly $1.7 trillion, an increase of 23%.

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The federal government ended its fiscal year in September. Wrapping up a year in which some thought the shortfall could exceed $2 trillion, the United States had an imbalance of $1.695 trillion, or about $320 billion. The budget report comes out the same week that Biden asked Congress to allocate $105 billion for “national security …

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The United States ends the fiscal year with a budget deficit of nearly $1.7 trillion, an increase of 23%.

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The federal government ended its fiscal year in September. Wrapping up a year in which some thought the shortfall could exceed $2 trillion, the United States had an imbalance of $1.695 trillion, or about $320 billion. The budget report comes out the same week that Biden asked Congress to allocate $105 billion for “national security …

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The Fed’s Raphael Bostic does not expect interest rate cuts before “end of 2024.”

The Fed's Raphael Bostic does not expect interest rate cuts before "end of 2024."

Atlanta Federal Reserve President Raphael Bostic said Friday that he does not anticipate cutting interest rates earlier than 2024. “We’re going to have to be cautious, we’re going to have to be patient, but we’re also going to have to be decisive,” he told CNBC. Atlanta Federal Reserve President Raphael Bostic said Friday that he …

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