US 2021 deficit passes a whopping $2tr on COVID-19 stimulus spending

Washington: The US government posted a May deficit of $132 billion, about a third of the May 2020 deficit of $399 billion, as higher employment and an earlier tax deadline this year boosted receipts sharply, even as COVID-19 pandemic-related outlays grew. Receipts for May rose 167 per cent to $464 billion, an increase partly attributed […]