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U.S. budget deficit hits record high

Photo by: WORLD News Group

The U.S. Treasury Department announced on Monday that the U.S. budget deficit topped $864 billion in June, breaking the $738 billion record set in April and putting the deficit at a nine-month high. The federal government is on track to meet or exceed the Congressional Budget Office’s prediction of a $3.7 trillion annual deficit. How did it climb so high? The U.S. government spent $511 billion on...

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