Federal Government Breaks New Record for Spending Money


In total, the U.S. spent $2.574 trillion, which marks an 8 percent increase over last year. The government also ran a $531 billion deficit from October through April.

That’s a 38 percent increase over the $385 billion deficit during the same period last year.

The change was largely due to an increase in military spending, healthcare and interest on debt owed, said the Treasury.

Source: Federal Government Breaks New Record for Spending Money

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