US budget deficit falls in 2021 to $2.8 tn as economy recovers
WASHINGTON – The US budget deficit narrowed slightly in the past year as the economy recovered from the Covid-19 pandemic, falling $360 billion to $2.8 trillion, the government reported Friday. The result for the fiscal year ended September 30 was far better than expected a few months ago, but just shy of the record set in 2020 during … Read more