{"id":73469,"date":"2022-10-21T12:35:33","date_gmt":"2022-10-21T12:35:33","guid":{"rendered":"https:\/\/jordannewsgazette.com\/?p=73469"},"modified":"2022-10-23T12:42:07","modified_gmt":"2022-10-23T12:42:07","slug":"u-s-2022-budget-deficit-halves-to-1-375-trillion-despite-student-loan-costs","status":"publish","type":"post","link":"https:\/\/jordannewsgazette.com\/u-s-2022-budget-deficit-halves-to-1-375-trillion-despite-student-loan-costs\/","title":{"rendered":"U.S. 2022 budget deficit halves to $1.375 trillion despite student loan costs"},"content":{"rendered":"
The US government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled by a hot economy, but student loan forgiveness costs limited the reduction.<\/p>\n
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The US Treasury said the $1.4 trillion reduction in the deficit was still the largest-ever single-year improvement in the US fiscal position as receipts hit a record $4.896 trillion, up $850bn, or 21 percent from fiscal 2021.<\/p>\n
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Source: Jordan News Agency<\/p>\n","protected":false},"excerpt":{"rendered":"
The US government on Friday reported that its fiscal 2022 budget deficit plunged by half from a year earlier to $1.375 trillion, due to fading COVID-19 relief spending and record revenues fueled by a hot economy, but student loan forgiveness costs limited the reduction. The US Treasury said the $1.4 trillion reduction in the … Read more<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"yoast_head":"\n