US reports record $738 billion budget deficit in April

US reports record $738 billion budget deficit in April

The federal government ran a budget deficit of $737.9 billion in April, up from $160 billion in the same month last year, a reflection of the enormity of government spending to try to mitigate the economic impact of the pandemic. The previous record budget deficit for any month was $235 billion in February 2020. Government spent $979.7 billion in April, an increase of $604 billion over April 2019.

KCooper
KCooper
Otis B Driftwood
Otis B Driftwood 1 weeks

No shit.

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