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Bookmark or Share- The U.S. Just Had the Highest Deficit Outside of Major War or RecessionAt 6.4 percent of GDP, last year’s deficit was more than twice the median deficit of 2.7 percent of GDP from 1930 (the first year that such calculations are provided by the Office of Management and Budget) to 2023.
- National Debt Clock: What Is the National Debt Right Now? - The Peter G ...Each business day, the U.S. Treasury Department reports the amount of total debt outstanding as of the previous business day. Our debt clocks are updated daily based on this number.
- What Is the Primary Deficit? - The Peter G. Peterson FoundationThe primary deficit is the difference between government revenues and spending, excluding interest payments. Learn more about the U.S. primary deficit.
- The National Debt Is Now More than $35 Trillion. What Does That Mean?The gross federal debt of the United States has surpassed $35,000,000,000,000. Although the debt affects each of us, it may be difficult to put such a large number into perspective and fully understand its implications.
- The Deficit Was Cut in Half in 2022 Thanks to the Expiration of ...In fiscal year 2022, which ended on September 30, 2022, the federal government incurred a budget deficit of $1.4 trillion — about half the size of last year’s deficit. That sizable reduction was primarily due to the expiration of programs enacted in response to the COVID-19 pandemic.
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