$1.7 Trillion

US deficit soars to record $1.7T in six months, fueled by COVID relief spending

Deficit for first half of budget year was up from $743.5B in the year-ago period

U.S. budget deficit surges to record $1.7 trillion—nearly double the previous high

WASHINGTON — The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dollars to spending last month.

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