The federal government incurred a deficit of $658 billion in March 2021, CBO estimates— $539 billion more than the deficit in March 2020. The federal budget deficit was $1.7 trillion in the first six months of fiscal year 2021, the Congressional Budget Office estimates—almost $1 trillion more than the deficit recorded during the same period last year.
https://www.cbo.gov/system/files/2021-04/57018-MBR.pdf
I just wonder, have we ever had a monthly deficit of $1 trillion or more? I don't think so, but it is coming.
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The highest ever was in June 2020 with $863 billion deficit, then April 2020 with $737 billion deficit. March 2021 is the 3rd highest ever.
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