YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

US deficit spikes 12% in two months

Posted online

The U.S. government deficit rose 12% to $342 billion during the first two months of fiscal 2020, according to Congressional Budget Office data.

The budget deficit is expected to average $1.2 trillion a year 2020-29.

In October and November, revenue was up 3% to $471 billion. Expenditures climbed 6% to $813 billion.

Read more from Fox Business.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
From the Ground Up: Springfield-Greene County Library District Republic Branch

Under construction beside the existing Republic branch of the Springfield-Greene County Library District – which remains in operation throughout the project – is a new building that will double the size of the original, according to library officials.

Most Read
Update cookies preferences