Politic > U.S.

U.S. posts record $3.1T 2020 budget deficit

14 days ago   |   By Post Gazette

The Trump administration reported Friday that the deficit for the budget year that ended Sept. 30 was three times the size of last year's deficit of $984 billion.
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Federal deficit triples to $3.1T, Treasury data shows

Federal deficit triples to $3.1T, Treasury data shows

14 days ago   |   By Politico

The federal deficit tripled to a record $3.1 trillion in fiscal year 2020, with the budget gap ballooning to a share of economic output unseen since World War II, the Treasury Department said on Friday.
Government spending exceeded more than $6.5 trillion in the fiscal year that ended on Sept. 30, up from $4.4 trillion in fiscal 2019, due in no small part to coronavirus relief measures. The debt has soared to $21 trillion, which the fiscally minded Committee for a Responsible Federal Budget said exceeds more than a year's worth of economic output.
Key context: The cavernous gap between how...
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$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

14 days ago   |   By NPR

The government shortfall for the fiscal year that just ended was more than triple that of 2019. The national debt of $21 trillion now exceeds the size of the U.S. economy.
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$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

14 days ago   |   By NPR

The government shortfall for the fiscal year that just ended was more than triple that of 2019. The national debt of $21 trillion now exceeds the size of the U.S. economy.
Read more ...

 

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

14 days ago   |   By NPR

The government shortfall for the fiscal year that just ended was more than triple that of 2019. The national debt of $21 trillion now exceeds the size of the U.S. economy.
Read more ...

 

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

$3.1 Trillion: Pandemic Spending Drives The Federal Budget Deficit To A Record

14 days ago   |   By NPR

The government shortfall for the fiscal year that just ended was more than triple that of 2019. The national debt of $21 trillion now exceeds the size of the U.S. economy.
Read more ...

 

U.S. government budget ends fiscal year with a more than $3 trillion deficit

U.S. government budget ends fiscal year with a more than $3 trillion deficit

14 days ago   |   By CNBC

The final tally for the budget deficit in fiscal 2020 came to $3.13 trillion, more than triple last year's shortfall of $984 billion.
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