The budget report showed that the deficit for just March totaled $659.6 billion, the third-highest monthly deficit. For the six month period, the $1.7 trillion deficit total surpassed the previous record of an $829 billion deficit run up for the six month’s ending in March 2011, a period when the government was spending to deal with the adverse effects of the recession caused by the 2008 financial crisis.
US budget deficit jumps to an all-time high of $1.7 trillion
