The federal budget deficit in June ballooned to $864 billion as the government tried to cushion the blow from the pandemic. The year-to-date deficit of $2.7 trillion is already nearly twice as large as the previous record set in 2009.
With three months left in the government's fiscal year, the U.S. federal deficit is already nearly twice as large as the previous record, which was set in 2009 during the Great Recession.Olivier Douliery/AFP via Getty Images
With three months left in the government's fiscal year, the U.S. federal deficit is already nearly twice as large as the previous record, which was set in 2009 during the Great Recession.The federal deficit ballooned last month as the U.S. government tried to cushion the blow from the coronavirus pandemic. The red ink in June alone totaledThe federal government ran a bigger deficit last month alone than it usually does all year.
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