US government sees record monthly deficit of $737.9 billion

Automatic TRANSCRIPT

Hi Mike Rossi a reporting the U. S. government is running a record budget deficit the massive spending on corona virus pandemic relief and the decline in revenues pushed the federal government to its largest single month deficit ever in April the treasury department says the federal government shortfall last month was seven hundred thirty seven point nine billion dollars that exceeded the previous single month record set in February by over five hundred billion dollars the April shortfall was even more stark because the treasury normally record surpluses in April the Congressional Budget Office estimates the deficit for the entire year will be an all time high three point seven trillion dollars Mike Rossio Washington

Coming up next