{"id":1288,"date":"2020-07-15T01:16:22","date_gmt":"2020-07-15T01:16:22","guid":{"rendered":"https:\/\/www.pbmv.com\/blog\/?p=1288"},"modified":"2020-07-15T01:16:22","modified_gmt":"2020-07-15T01:16:22","slug":"june-deficit-sets-record-at-864-billion","status":"publish","type":"post","link":"https:\/\/www.pbmv.com\/blog\/?p=1288","title":{"rendered":"June Deficit Sets Record At $864 Billion"},"content":{"rendered":"<p>The federal deficit set a new record in June, hitting a whopping $864 billion as coronavirus relief funds rolled out of the Treasury.<\/p>\n<p>The <a href=\"https:\/\/www.fiscal.treasury.gov\/files\/reports-statements\/mts\/mts0620.pdf\">government data<\/a> released Monday showed the annual deficit had risen to $2.7 trillion in the first three quarters of the fiscal year, nearly double the largest full-year deficit on record.<\/p>\n<p>Congress has approved more $3 trillion in emergency aid and support and is considering another round of relief before the end of the month, when a slew of benefits are set to expire.<\/p>\n<p>The GOP-controlled Senate is looking at a roughly $1 trillion bill, about one-third the price tag of the package passed by House Democrats in May.<\/p>\n<p>Even without another coronavirus relief bill, the annual deficit is on track to exceed $3.8 trillion, more than double the $1.4 trillion amassed in 2009 during the Great Recession.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal deficit set a new record in June, hitting a whopping $864 billion as coronavirus relief funds rolled out of the Treasury. The government data released Monday showed the annual deficit had risen to $2.7 trillion in the first three quarters of the fiscal year, nearly double the largest full-year deficit on record. Congress [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1288","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1288","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1288"}],"version-history":[{"count":1,"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1288\/revisions"}],"predecessor-version":[{"id":1289,"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/1288\/revisions\/1289"}],"wp:attachment":[{"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1288"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1288"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pbmv.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1288"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}