US Budget Deficit Narrows, Debt Concerns Loom

U.S. Federal Budget Deficit Narrows in January, but Concern Remains

The U.S. federal budget deficit decreased in January, falling to $22 billion compared to $39 billion in the same month last year. However, concerns remain as the deficit for the first four months of the fiscal year expanded to $532 billion, up from $460 billion in the corresponding period last year.