The U.S. budget deficit widened to a record-high $864 billion last month, thanks to the rabid dog spending by the Trump administration and Congress.
In June 2019, the budget deficit was just $8 billion.
Federal spending rose to more than $1.1 trillion in June, more than twice what the U.S. government spends in a typical month.
The budget deficit for the first nine months of the fiscal year is now at $2.7 trillion.
Before the COVID-19 spending madness, the previous biggest one-month deficit in the U.S. was $234 billion.
-RW
(via WaPo)