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WebMay 31, 2024 · The U.S. federal budget deficit was $2.8 trillion in fiscal year 2024. Learn more about what impacts the federal budget and whether you should be concerned. ... Tax cuts immediately reduce revenue and add to the national debt. For example, the Bush tax cuts added $5.6 trillion to the national debt between 2001 and 2024. ... WebMay 25, 2024 · In FY 2024, the federal government partially shut down for 35 days, which affected 800,000 employees at various federal agencies and delayed about $18 billion in … WebJan 17, 2024 · A budget deficit increases the national debt, while a budget surplus decreases it. What is the national debt per person? If you divide $31.12 trillion by a population of nearly 330 million, you get a national debt per … high seating office chair