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.
Nashville city councilors will likely appoint Justin Jones to his former seat on Monday while Memphis-area county commissioners will soon announce when they'll meet to fill the vacancy left by the expulsion of Justin Pearson, which Pearson himself is eligible to fill.
Health and Human Services Secretary Xavier Becerra said "Everything is on the table" when asked if he'd recommend that the FDA ignore Friday's ruling to reverse the agency's nearly 23-year-old approval of the medication abortion drug mifepristone.
Supreme Court Justice Clarence Thomas defended himself against reports that a GOP donor treated him to super luxury vacations.
California Rep. Mark Takano re-introduced a bill for a four-day work week to bring to Congress. "The idea here is to ignite and jumpstart a serious conversation about how long the work week should be," Rep. Takano said. "The next steps are to continue to build interest ... that interest needs to be turned into public sentiment."
Cheddar Explains: How Climate Change is Driving Migration
Supreme Court Justice Clarence Thomas says he wasn’t required to disclose the many trips he and his wife took that were paid for by a Republican megadonor.
The two expelled members are Black and the member not expelled is white.
On A Positive Note: U.S. Taps First Woman to Ever Lead Largest U.S. National Guard
The capacity to burn coal for power went up in 2022 despite global promises to phase down the fuel that’s the biggest source of planet-warming gases in the atmosphere, a report Wednesday found.
Supreme Court Justice Clarence Thomas has for more than two decades accepted luxury trips nearly every year from Republican megadonor Harlan Crow without reporting them on financial disclosure forms, ProPublica reports.
