First published by Money Metals Exchange here: https://www.moneymetals.com/news/2024/10/21/biden-administration-runs-third-largest-annual-budget-deficit-in-history-as-interest-payments-on-debt-top-1-trillion-003551
<p><img src='https://www.moneymetals.com/uploads/content/Biden-Administration-Runs-Third-Largest-Annual-Budget-Deficit-in-History.jpeg'/></p>In one of the biggest economic stories of the year that nobody seems to care about, the Biden administration ran the third-largest budget deficit in history in fiscal 2024 and paid over $1 trillion just on interest payments on the debt.