Coronavirus spending pushes U.S. 2020 fiscal year deficit to record $3.132 trillion

A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration

At the start of the 2020 fiscal year ended Sept. 30, the U.S. government had been forecast to rack up a $1 trillion deficit before coronavirus lockdowns began in March, shutting down large portions of the travel, retail and small business sectors of the economy. As a result of programs that kept paychecks flowing to laid off workers through September, receipts for the full year fell only about 1% or $43 billion from fiscal 2019, totaling $3.42 trillion.

A joint statement from the U.S. Treasury and the White House Office of Management and Budget emphasized an “incredible comeback” of economic activities as businesses reopened over the summer months.

More stimulus more debts. More debts mean more interests to repay. Get this compounded and you will have almost no way of getting it repaid. Stop all stimulus and get to real deal on getting more jobs

When you add to it the Feds $7 trillion the number is $10 trillion.

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Can you admit what happens now in Ganja, Azerbaijan? Armenia launched rockets to Ganja and Mingechevir cities again right now.

Continual humongous amounts spent and the resurgence of COVID__19 has dwindled public confidence over credibility to tackle calamity.

Many bots are working for Trump. It’s better to ban Trump himself to have a peace.

and China's GDP keeps rising 😁

Innocent civilians in the second biggest city of Azerbaijan are under the indiscriminate and targeted missile attack of Armenia. Unscrupulous calls for humanitarian ceasefire should see these war crimes of Armenia. According to initial info more than 20 houses destroyed.

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