nt said Monday.
With outlays in June surging to $1.1 trillion and receipts falling, the funding gap in the first 9 months of the current fiscal year soared 267 percent compared to a year earlier, hitting $2.74 trillion, Treasury said. The weekly payments of $600 to help the millions laid off as the economy shut down have so far amounted to $171 billion.
In June 2019, US government spending was just $342 billion, and the deficit for the October 2018-June 2019 period was only $747 billion, Treasury said.
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