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.
U.S. and Mexican officials have agreed on new immigration policies meant to deter illegal border crossings.
Newly opened records that belonged to Supreme Court Justice John Paul Stevens give the public a behind-the-scenes glimpse at his decades on the court, including the tense struggle over the 2000 presidential election and major cases on affirmative action and abortion.
Senate Democrats promised Tuesday to pursue stronger ethics rules for the Supreme Court in the wake of reports that Justice Clarence Thomas participated in luxury vacations and a real estate deal with a top GOP donor. Republicans made clear they strongly oppose the effort.
The Biden administration will send 1,500 troops to the U.S.-Mexico border amid an expected migrant surge following the end of coronavirus pandemic-era restrictions.
Major Changes to Drug Policies for Federal Job Applicants
The board of supervisors picked by Ron DeSantis voted to countersue Disney after the company filed a lawsuit against the Florida governor, alleging political retaliation.
The Federal Deposit Insurance Corp. is recommending the U.S. rethink its decades-old policy of insuring only as much as $250,000 in bank deposits.
A Missouri judge has blocked a unique rule that would restrict access to gender-affirming health care to children and adults.
Attorneys for Montana state Rep. Zooey Zephyr are asking a court to allow for her return to the House floor.
Members of the Central Florida Tourism Oversight District on Monday voted unanimously to sue Disney in state court in the Orlando area.
