U.S. 12-Month Deficit Tops $3 Trillion as Virus Stimulus Spending Soars

The U.S. budget deficit surpassed $3 trillion in the 12 months through June as stimulus spending soared and tax revenue plunged, putting the federal government on pace to register the largest annual deficit as a share of the economy since World...

U.S. 12-Month Deficit Tops $3 Trillion as Virus Stimulus Spending Soars
The U.S. budget deficit surpassed $3 trillion in the 12 months through June as stimulus spending soared and tax revenue plunged, putting the federal government on pace to register the largest annual deficit as a share of the economy since World War II.