3. Federal budget deficit soars to nearly $1.1 trillion over 12 months
Copies of U.S. President Donald Trump's FY2021 budget proposal sit on display for the news media on Capitol Hill in Washington, February 10, 2020.After Trump revealed his fiscal 2021 budget blueprint, new Treasury Department data shows the federal budget deficit for the first fourth months of fiscal 2020That's already about 40% of the total deficit for fiscal 2019. Revenue to the government actually rose comparatively during the period, but a 9.
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