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

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

One of the lasting legacies of the coronavirus pandemic will be staggering deficits in the United States