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The U.S. government's budget deficit has hit an all-time high. We get more from AP's Ben Thomas. The Treasury Department reports the federal deficit hit 1.05 trillion for the first five months of the budget year - that's October through February. The government spending to cope with the coronavirus pandemic surged at a pace far above an increase in tax revenue. The deficit was 68 percent larger than the same period last year and easily surpassed the previous five-month high of 652 billion that was set in 2010 when the government was spending to try to lift the country out of the grave recession. The Congressional Budget Office has projected the deficit for the full budget year will reach 2.3 trillion. But that does not include the 1.9 trillion COVID relief measure just passed by Congress. Ben Thomas, Washington.
A mixed day on Wall Street, with the Dow Jones Industrials and the SP closing higher but the NASDAQ off slightly. This is VOA news.
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