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US Budget Deficit Jumps to Record $1.7 Trillion This Year Due to Rescue Packages
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year
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Awash in Red Ink: US Posts Record $3.1T 2020 Budget Deficit
The federal budget deficit hit an all-time high of $3.1 trillion in the 2020 budget year, more than double the previous record, as the coronavirus pandemic cut revenues and sent spending soaring
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No Federal Relief Leaves States, Cities Facing Big Deficits
The breakdown in negotiations for a new coronavirus relief bill in Congress means help won’t be coming anytime soon for budget-strapped state and local governments across the U.S. Governors, mayors and educators have been asking Congress to allocate hundreds of billions of dollars to help them deal with a sharp drop in tax revenue caused by the pandemic
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Coronavirus Relief Pushing US Deficits to Staggering Heights
One of the lasting legacies of the coronavirus pandemic will be staggering deficits in the United States