Following massive spending to help cushion the economic blow of coronavirus-related lockdowns, the United States government posted the single largest deficit in history in June, an $864 billion budget shortfall.
The total for 2020 so far also exceeds previous nine-month periods, with the United States posting an astounding $2.74 trillion shortfall for the first three quarters of the fiscal year, according to CNBC. Experts anticipate that, by the end of fiscal 2020, the budget deficit could top $3 trillion.
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