US budget deficit hits record-breaking $207.8 billion Unlisted Video
4 years ago
55
The US budget deficit ballooned to a record high in the month of May, hitting $738. 6 billion.
According to Business Insider, federal spending continued to outpace income despite a solid economy.
The gap between the amount the government takes in and spends rose nearly 42% last month.
According to Business Insider, in the first eight months of the fiscal year, the deficit increased about 39%.
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