Deficit swelled to record of over $3 trillion 11 months into fiscal year
Sunday, September 13, 2020 | Tag Cloud Tags: Congress, deficit, News, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly
(Worthy News) – The federal budget deficit swelled to a record of more than $3 trillion with one month left in the current fiscal year, the Treasury Department announced Friday.
The federal government added $200 billion to the deficit in August.
The Congressional Budget Office earlier this month projected increasing deficits due in large part to the federal government’s response to the pandemic. [ Source: Washington Examiner (Read More…) ]
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.