The coronavirus pandemic has pushed the U.S. federal budget deficit
above $3 trillion for the first 11 months of fiscal 2020, more than
doubling the previous full-year record, the U.S. Treasury said on
Friday.
The $3.007 trillion year-to-date deficit was nearly triple the $1.067
trillion deficit for the comparable year-ago period, spurred by a
massive increase in government spending to battle the economic fallout
from the pandemic.
Read more at:
U.S. budget deficit tops $3 trillion with one month left in fiscal 2020 | Reuters
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