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Article 275599 Hero Image

US budget deficit hits $2.77 trillion in 2021, 2nd highest

The Biden administration said Friday that the 2021 deficit, for the budget year that ended Sept. 30 was $360 billion lower than 2020 as a recovering economy boosted revenues, helping to offset government spending from pandemic relief efforts.

Associated Press

Oct 22, 2021, 12:05 PM

Updated

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