Tag Archives: Federal Debt

Federal Deficit Soars

While all of you were distracted by riots and the virus, we are bankrupting our nation for the next six generations.

The federal deficit set a new record in June, hitting a whopping $864 billion as coronavirus relief funds rolled out of the Treasury.

The government data released Monday showed the annual deficit had risen to $2.7 trillion in the first three quarters of the fiscal year, nearly double the largest full-year deficit on record.

Congress has approved more $3 trillion in emergency aid and support and is considering another round of relief before the end of the month, when a slew of benefits are set to expire.