US deficit soars to record amid pandemic relief payments
Malay Mail Online - Money·2020-07-14 15:01
The weekly payments of US$600 to help the millions laid off as the economy shut down have so far amounted to US$171 billion. — Reuters pic
WASHINGTON, July 14 — Massive government rescue payments to help businesses and households survive the economic hit from the coronavirus drove a record surge in the US deficit last month, the Treasury Department said yesterday.
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