WASHINGTON, Sept 12 (Reuters) - The U.S. Treasury on

Thursday reported a $380 billion federal budget deficit for

August, a massive shift from the $89 billion surplus in August

2023 that resulted from the reversal of President Joe Biden's

student loan forgiveness program.

The deficit for the first 11 months of the 2024 fiscal year

reached $1.897 trillion, a 24% increase from a gap of $1.525

trillion in the year-ago period, as the current year's interest

costs on public debt topped $1 trillion for the first time, a

Treasury official said.