The U.S. budget deficit reached nearly $1.1 trillion in the first half of the 2024 fiscal year. NewsNation business contributor Gary B. Smith discusses how the government's increasing debt will affect taxpayers. #debt #budget #taxpayers Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all America. More from NewsNation: newsnationnow.com Get our app: trib.al/TBXgYpp Find us on cable: trib.al/YDOpGyG How to watch on TV or streaming: trib.al/Vu0Ikij