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US Budget Deficit Hits Record-Breaking $207.8 Billion

Video credit: Wochit News
Published on June 12, 2019 - Duration: 00:43s

US Budget Deficit Hits Record-Breaking $207.8 Billion

The US budget deficit ballooned to a record high in the month of May, hitting $738.

6 billion.

According to Business Insider, federal spending continued to outpace income despite a solid economy.

The gap between the amount the government takes in and spends rose nearly 42% last month.

According to Business Insider, in the first eight months of the fiscal year, the deficit increased about 39%.

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US Budget Deficit Hits Record-Breaking $207.8 Billion

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WASHINGTON (AP) β€” The federal government's budget deficit in May rose to a record $207.8 billion, 41.5% higher than a year ago. Most of that increase reflected...
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The US budget deficit for the first eight months of fiscal 2019 was $738.6 billion, 38.8% higher than the amount for the sameΒ -More-Β 
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