The US deficit, set at $1.7 trillion, will effectively double by 2023
The U.S. federal budget deficit is set to double in fiscal year 2023 as falling tax receipts, rising interest rates and continued demand for expiring pandemic relief benefits strain the nation’s finances. The latest Treasury Department figures show a budget deficit of $1.7 trillion in 2023, up from $1.37 trillion in 2022. Those are the…