US budget deficit soars over $3 trn for first time ever due to Covid relief

By David Lawder WASHINGTON (Reuters) - The coronavirus pandemic has pushed the U.S. federal budget deficit above $3 trillion for the first 11 months of fiscal 2020, more than doubling the previous full-year record, the U.S.

Treasury said on Friday. The budget deficit for August was $200 billion, matching the deficit in August 2019 but lower than the $245 billion forecast by analysts in a Reuters poll. However, $55 billion worth of benefit payments were shifted into July because August started on a weekend. The $3.007 trillion.....

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