U.S. BUDGET DEFICIT SURPASSED $3.1 TRILLION IN 2020: DATA

Highlights

• According to the data released jointly by the White House and the Treasury Department, this year the government has shelled out $6.552 trillion which is up from $4.447 trillion in 2019

• This government released data clearly showcases the impact of COVID-19 pandemic on the U.S. economy

• On the other hand, the government brought in $3.420 trillion in tax revenue in 2020, slightly lower ....