US Piles Up Record October Budget Deficit Of USD 284.1 Billion

Washington (AP) The US is starting the 2021 budget year the way the old year ended, with soaring deficits. The Treasury Department reported Thursday that the federal government ran up a record October deficit of USD 284.1 billion, double the red ink of the same month a year ago, as revenues declined while spending to deal with the impact of the coronavirus soared..

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