US budget deficit breached $3.1tn in 2020 as pandemic slammed economy, by far biggest one-year gap b

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US budget deficit breached $3.1tn in 2020 as pandemic slammed economy, by far biggest one-year gap between govt spending and tax revenue in US history. The prev highest deficit recorded was in 2009, when it came in at $1.4tn, less than half 2020′s tally. h/t Holger Zschaepitz

US budget deficit breached $3.1tn in 2020 as pandemic slammed economy, by far biggest one-year gap b

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