Saturday, September 12, 2020

US budget deficit hits record $3tn through 11 months

The US budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the treasury department said on Friday. The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that has cost millions of jobs.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ZsJSwn

No comments:

Post a Comment