Federal Budget Deficit news and trends

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US Deficit Now At $3T With Stimulus Spending

July 13, 2020
The annual U.S. budget deficit rose above $3 trillion for the year ending in June amid plummeting tax revenues due to mass unemployment and shuttered businesses during lockdown periods, The Wall Street Journal reported. The budget deficit widened to $864 billion in June of this year, a new monthly record and almost as much as the […]