U.S. budget deficit soars to USD 2.24 trn in first 9 months of fiscal year 2021
Federal revenue for the nine-month period ending in June rose to 3.05 trillion dollars, while total outlays rose to 5.29 trillion dollars, driven by payments for jobless benefits and COVID-19 relief programs, according to the department
White House has unveiled a 6-trillion-dollar budget proposal for fiscal year 2022, drawing backlash from Republican lawmakers and budget watchers. Source: Reuters