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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Maple MAGA who wrote (1246673)7/13/2020 2:59:37 PM
From: sylvester80  Respond to of 1578505
 
BOMBSHELL: tRUMP RECORD U.S. DEFICIT HITS $2.7 TRILLION WITH 3 MORE MONTHS TO GO... PROJECTED TO BE $3.8-$4 TRILLION... ECLIPSES PREVIOUS 2009 DEFICIT RECORD BY 180%... AND STILL HAS 3 MORE MONTHS TO GO... LOSER POS tRUMP STANDS ALONE AS THE MOST INCOMPETENT CORRUPT CRIMINAL IN US HISTORY
finance.yahoo.com

The U.S. federal budget deficit in June surged to $864 billion from single digits a year earlier amid continued strong spending on coronavirus relief programs and a drop in individual and corporate tax receipts, the Treasury Department said on Monday.

The June deficit brought the year-to-date fiscal deficit to $2.7 trillion, far eclipsing the previous full-year record of $1.4 trillion in 2009.

Some analysts forecast a gap as high as $3.8 trillion for the fiscal year to Sept. 30.

Outlays were up 223% to $1.1 trillion, a record increase for any month. The bulk of the June's jump in outlays was $511 billion for the government's Paycheck Protection Program, set up in April and designed to keep small businesses afloat by funding loans that are forgivable if certain criteria are met.