The US budget deficit topped a record-breaking $864 billion in June as the US ramped up COVID-19 spending

The US budget deficit topped a record-breaking $864 billion in June as the US ramped up COVID-19 spending

Business Insider

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· The budget deficit reached $867 billion in June, the Treasury said on Monday.
· The federal deficit so far this fiscal year stands at $2.7 trillion.
· The widening deficit is the product of coronavirus emergency spending by the federal government.
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