|[Published: Saturday October 17 2020]
US budget deficit reached a record $3.1 trillion
WASHINGTON, 17 Oct. - (ANA) - The US budget deficit reached a record $3.1 trillion, driven by government spending on households and businesses struggling with pandemic shutdowns, according to the New York Times.
The shortfall underscores the long-term economic challenge facing the United States as it tries to emerge from the sharpest downturn since the Great Depression. - (ANA) -
AB/ANA/17 October 2020 - - -