Time Machine not deleting old backups, running out of space
I use Time Machine to back up to an external hard drive. Time Machine is supposed to delete old files so it never runs out of space, but it's not doing that, it has kept weekly backup folders all the way back to when I set this up in 2022 and the drive is now full so Time Machine can't function. What could be going wrong here? I'm on a 21" iMac running OS 15.3.1 with 140.76GB of its 245.11GB storage used; the backup volume is a Western Digital 2TB external HD that's only showing 72.65GB left available.
iMac 24″, macOS 15.3