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US budget deficit climbs to record $2.81 trillion - Black News Channel

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By Matt Ott AP Business Writer SILVER SPRING, Md. (AP) — The U.S. budget deficit climbed to $2.81 trillion in the first 10 months of the budget year, exceeding any on record, the Treasury Department said Wednesday. The nation's budgetary shortfall is expected to eventually reach levels for the fiscal year more than double the largest annual deficit on record. The federal government rang up a $63 billion deficit in July, the department reported. That's a relatively modest amount compared to red ink that spilled in the spring months when the government tried to revive an economy that all but […]

The post US budget deficit climbs to record $2.81 trillion appeared first on Black News Channel.

Source: Black News Channel - Black News Channel

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