Why the U.S. budget deficit surged in the past year
Oct 23, 2023

Why the U.S. budget deficit surged in the past year

The U.S. government ran a budget deficit of about $1.7 trillion for the 2023 fiscal year, up 23% compared to the year before. How did we get here?

Segments From this episode

A look at the history of U.S. aid to Israel

Oct 23, 2023
The U.S. has given Israel $158 billion since Israel was founded, not adjusting for inflation, according to the Congressional Research Service.
Above, President Joe Biden addresses the nation on the war between Israel and Gaza on Oct. 19. Biden's request for $14 billion in aid for Israel has yet to come before the speaker-less House.
Jonathan Ernst/Pool/AFP via Getty Images

Why the U.S. budget deficit grew so much in the last year

No surprise: Inflation, higher interest rates and the pandemic all play a role.
Chip Somodevilla/Getty Images

Music from the episode

Testify Rage Against The Machine

The team

Leanna Byrne Host, BBC
Kelly Silvera Executive Producer
Meredith Garretson Morbey Senior Producer
Erika Soderstrom Producer
Alex Schroeder Producer
Ariana Rosas Producer
Dylan Miettinen Digital Producer
Jesson Duller Media Producer
Nick Esposito Media Producer
Nic Perez Director/Producer
James Graham Producer, BBC
Jo Critcher Producer, BBC
Naomi Rainey Producer, BBC
Lis Mahy Producer, BBC