Tag Archives: Treasury Department

May US Budget Deficit, Gulp, $424 Billion

Posted on 8 June 2020 by Ken Zino

The federal budget deficit in May was $424 billion, about double the amount in the same month last year, the Congressional Budget Office estimates. That increase stems from the economic disruption caused by the 2020 corona virus pandemic and from … Continue reading →

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U.S. 2011 Deficit $1.3 Trillion, Greater Than any Year Since 1945

Posted on 7 October 2011 by Ken Zino

The 2011 deficit was equal to 8.6% of gross domestic product, CBO estimates, down from 8.9% in 2010 and 10.0% in 2009, but greater than in any other year since 1945. Continue reading →

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