Federal deficit soared to $3.1 trillion for fiscal 2020 thanks to pandemic relief spending


us deficit worthy christian news(Worthy News) -The federal government’s deficit for fiscal 2020 was $3.1 trillion, the highest deficit on record, the Treasury reported Friday.

The previous record was set in 2009, during the Great Recession, when the deficit totaled $1.42 trillion.

The deficit for fiscal 2020, which ended on Sept. 30, was far higher than expected at the beginning of the year and much larger than the $984 billion deficit the year before. [ Source: Washington Examiner (Read More…) ]

8
people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

South Africa Deploys Thousands of Police as Anti-Illegal Immigration Protests Turn Violent
New Shiloh Discoveries Stir Excitement Over Possible Tabernacle Site Linked to Ark of the Covenant
Russian Drone Festival Organizers Call To Prepare For ‘Great War With NATO’ As Europe Warns Of Growing Threat
Call for a National Temple Movement Grows in Israel After New Red Heifer Birth
Ukraine Drone Strikes Cripple Russian Refineries as Fuel Shortages Put Putin Under Pressure
Trump Announces First-Ever Republican Midterm Convention in Dallas
Jewish Pro-Israel Protester Killed; Attacker Sentenced To Just One Year In Jail
Muslim Mob Attacks Christian Prayer House In West Java, Threatens To Burn It Down
Trump Crypto Ventures Generate More Than $1 Billion, Financial Disclosure Shows
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.

Worthy Christian News