US budget deficit soars to $3tn record

The US federal government spent more than $6tn in the first 11 months of its financial year.

The figure outpaces the $3tn it took in from taxes.

The shortfall is more than double the previous full-year record, set in 2009.

BBC 9 eleven 2020

https://www.bbc.com/news/business-54126226



Kommentarer

Populära inlägg i den här bloggen

Niall Ferguson: The AI Boom Is a House of Cards, Tyler Cowen: Not so fast

Cognitive blind spots

Martin Wolf; The next crash - Why this time might not be different