The US budget deficit skyrocketed to a record $207.8 billion in May

The US budget deficit ballooned to a record high in the month of May, as federal spending continued to outpace income despite a solid economy. The gap between the amount the government takes in and spends rose nearly 42% last month. In the first eight months of the fiscal year, the deficit increased about 39% to $738.6 billion.

The US budget deficit ballooned to a record high in the month of May, as

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