<p>The Federal government spent a record amount of money in the first quarter of fiscal year 2020 &#8212; last October through December &#8212; and chalked up a record spending deficit, leaving American taxpayers on the hook for more goods and services than ever before.</p>
<p><a href="https://www.cnsnews.com/article/washington/terence-p-jeffrey/1163090000000-federal-spending-sets-record-through-december">CNS News reports</a> that Federal spending easily topped one trillion last quarter, with the U.S. government spending a whopping $1,163,090,000,000 &#8212; nearly $1.2 trillion &#8212; in the first quarter of 2020, besting its previous first quarter record, $1,115,081,800,000, by an astounding $48,008,200,000.</p>

Federal Spending, Budget Deficit Hit New Records Last Quarter

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Federal Spending, Budget Deficit Hit New Records Last Quarter