The U.S. budget deficit eclipsed $3.1 trillion in the fiscal year that ended Sept. 30, according to government data released Friday, by far the biggest one-year gap in U.S. history.
Democracy Dies in Darkness
U.S. budget deficit breached $3.1 trillion in 2020 as pandemic slammed economy
New White House data show how a huge surge in spending to confront the economic fallout fueled a historic increase in debt
By Jeff Stein
and October 16, 2020 at 2:42 p.m. EDT