By Martin Crutsinger
The U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year, the Treasury Department said Friday.
The ocean of red ink is a product of the government's massive spending to try to cushion the impact of a coronavirus-fueled recession that has cost millions of jobs.
The deficit from October through August is more than double the previous 11-month record of $1.37 billion set in 2009. At that time the government was spending large sums to get out of the Great Recession triggered by the 2008 financial crisis.
With one month to go in the 2020 budget year, which ends Sept. 30, the deficit could go even higher. The Congressional Budget Office is forecasting the deficit this year will hit a record of $3.3 trillion. However, the government often runs surpluses in September so it is possible the final figure for this year could come in just under $3 trillion.
That would still put the deficit well above last year's imbalance of $984 billion. The previous record deficit for a fiscal year was $1.4 trillion in 2009 in the aftermath of the financial crisis.
They are racing for an agreement this weekend.
New Census figures show about 1 in every 100 U.S. households is a same-sex couple.
Dr. Caitlin Bernard is facing disciplinary action after she spoke publicly about providing an abortion to a 10-year-old rape victim.
Oath Keepers extremist group founder Stewart Rhodes was sentenced on Thursday to 18 years in prison for orchestrating a weekslong plot that culminated in his followers attacking the U.S. Capitol in a bid to keep President Joe Biden out of the White House after winning the 2020 election.
Lawmakers in several states are embracing legislation to let children work in more hazardous occupations, longer hours on school nights and in expanded roles including serving alcohol in bars and restaurants as young as 14.
An Arkansas man who propped his feet on a desk in then-House Speaker Nancy Pelosi’s office in a widely circulated photo from the U.S. Capitol riot was sentenced Wednesday to more than four years in prison.
The rollout of his campaign Wednesday made clear that, at least for the time being, DeSantis intends to leave the dirty work of attacking Trump to his allies.
Texas Attorney General Ken Paxton has accused House Speaker Dade Phelan of being intoxicated during a legislative session and called for his resignation.
State attorneys general from around the country are teaming up to stop a company that's accused of making billions of robocalls.
Families are marking the one-year anniversary of the school shooting in Uvalde, Texas that left 19 children and two teachers.
