US budget deficit soars to $3tn record
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The US budget deficit has hit a record high of more than $3tn (£2.3tn), driven by the government’s massive spending on coronavirus relief.
The federal government spent more than $6tn in the first 11 months of its financial year, including $2tn on coronavirus programmes, the Treasury Department said.
The figure outpaces the $3tn it took in from taxes.
The…
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