US government borrowed $1.6 trillion in past 10 months: estimate

The Congressional Budget Office (CBO) estimated Tuesday that the federal budget deficit reached $1.6 trillion in the 10-month period ending in July. The agency said the amount is more than double the deficit seen during the same period the year prior, while noting a 10 percent drop in revenues and 10 percent increase... #press

https://thehill.com/business/budget/4144508-cbo-federal-budget-deficit-estimate/?utm_source=press.coop

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