WASHINGTON– The U.S. budget deficit reached $3 trillion in the 12 months through June as stimulus costs soared and tax revenue plunged, putting the federal government on speed to sign up the largest yearly deficit as a share of the economy given that World War II.
As a share of gross domestic product, the 12- month deficit pertained to 14%last month, compared to 10.1%in February 2010, when the U.S. was still recuperating from the last economic crisis. In June alone, the deficit expanded to a monthly record of $864 billion, the Treasury …
%%.
source https://jobsearchtips.net/bust-coronavirus-spending-pushed-u-s-june-budget-space-to-864-billion/
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