Outlays accelerated while receipts fell in the first quarter of the new fiscal year, Treasury data shows
The US federal budget deficit reached half a trillion dollars in the first three months of the new fiscal year as spending picked up while receipts shrank, the US Treasury revealed on Thursday.

In December alone, the US budget gap totaled $129 billion, up $44 billion, or 52%, from a year earlier, the data showed.

For the first three months of the fiscal year 2024, which started on October 1 2023, the US federal deficit surged by $89 billion, or by 21%, to reach $510 billion, up from the $421 billion shortfall over the same period the previous year.....more below

https://www.rt.com/business/590526-us-budget-deficit-soaring/