US budget deficit hits record $3 trillion through 11 months

WASHINGTON — The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said 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.The deficit from October through August is more than double the previous 11-month record of $1.37 billion set in 2009. At that time the government […]
Source: The Jacksonvill Daily News