WASHINGTON: The U.S. government's deficit widened to US$120 billion in July, fueled by increases in spending on health care and the military, according to data released on Monday by the Treasury Department.Advertisement
The fiscal-year-to-date deficit was US$867 billion, compared with US$684 billion in the comparable year-earlier period. Increased spending on the military has also fueled the deficit under President Donald Trump, who took office in January 2017 promising to strengthen the military.Earlier this month, the U.S. Congress passed a two-year budget deal backed by Trump that would increase federal spending on defense and other domestic programs, which could significantly add to the government's growing debt.
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